Charter Communications, Inc. (CHTR) Stock Rating Reaffirmed by Royal Bank Of Canada
Charter Communications, Inc. (NASDAQ:CHTR)‘s stock had its “buy” rating reiterated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday. They presently have a $400.00 target price on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 19.70% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Citigroup Inc. lifted their target price on shares of Charter Communications from $378.00 to $456.00 and gave the company a “buy” rating in a research note on Tuesday, August 22nd. UBS AG reissued a “buy” rating and set a $450.00 target price (up previously from $380.00) on shares of Charter Communications in a research note on Monday, August 14th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $410.00 price objective (up previously from $390.00) on shares of Charter Communications in a research note on Monday, July 31st. Pivotal Research reaffirmed a “buy” rating on shares of Charter Communications in a research note on Sunday, July 30th. Finally, BidaskClub raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. Twelve equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Charter Communications has an average rating of “Buy” and a consensus target price of $378.12.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). The company had revenue of $10.46 billion for the quarter, compared to analyst estimates of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS.
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In related news, CFO Christopher L. Winfrey acquired 3,100 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were bought at an average price of $323.61 per share, for a total transaction of $1,003,191.00. Following the acquisition, the chief financial officer now owns 49,916 shares in the company, valued at approximately $16,153,316.76. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jonathan Hargis sold 10,976 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $399.00, for a total transaction of $4,379,424.00. Following the transaction, the executive vice president now owns 18,025 shares in the company, valued at approximately $7,191,975. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.
Several large investors have recently bought and sold shares of CHTR. BlackRock Inc. increased its holdings in shares of Charter Communications by 2,782.4% during the 1st quarter. BlackRock Inc. now owns 12,213,135 shares of the company’s stock worth $3,997,603,000 after purchasing an additional 11,789,426 shares during the period. Dodge & Cox bought a new position in shares of Charter Communications during the 4th quarter worth about $2,981,844,000. Vanguard Group Inc. increased its holdings in shares of Charter Communications by 76.5% during the 2nd quarter. Vanguard Group Inc. now owns 9,136,358 shares of the company’s stock worth $2,088,936,000 after purchasing an additional 3,960,440 shares during the period. BlackRock Institutional Trust Company N.A. increased its holdings in shares of Charter Communications by 181.8% during the 2nd quarter. BlackRock Institutional Trust Company N.A. now owns 5,131,578 shares of the company’s stock worth $1,173,284,000 after purchasing an additional 3,310,589 shares during the period. Finally, Veritas Asset Management LLP bought a new position in shares of Charter Communications during the 2nd quarter worth about $721,102,000. Institutional investors own 74.06% of the company’s stock.
About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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