Charter Communications (CHTR) Coverage Initiated by Analysts at Buckingham Research
Research analysts at Buckingham Research began coverage on shares of Charter Communications (NASDAQ:CHTR) in a report issued on Wednesday, The Fly reports. The firm set a “buy” rating on the stock.
Several other analysts have also issued reports on the company. Barclays cut their price objective on Charter Communications from $354.00 to $283.00 and set an “equal weight” rating for the company in a report on Friday, October 27th. Telsey Advisory Group lowered Charter Communications from an “outperform” rating to a “market perform” rating and cut their target price for the company from $450.00 to $340.00 in a report on Tuesday, September 5th. Macquarie restated a “buy” rating on shares of Charter Communications in a report on Sunday, October 29th. Pivotal Research restated a “buy” rating and set a $420.00 target price (up from $405.00) on shares of Charter Communications in a report on Friday, October 27th. Finally, Evercore ISI raised their target price on Charter Communications from $360.00 to $438.00 and gave the company an “outperform” rating in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $381.44.
Shares of Charter Communications (NASDAQ:CHTR) opened at $329.99 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.55. Charter Communications has a 1-year low of $275.34 and a 1-year high of $408.83. The stock has a market capitalization of $82,411.73, a price-to-earnings ratio of 205.89, a P/E/G ratio of 6.17 and a beta of 1.05.
Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.77). Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The firm had revenue of $10.46 billion for the quarter, compared to analysts’ expectations of $10.49 billion. During the same quarter in the prior year, the business posted $0.69 earnings per share. Charter Communications’s revenue was up 4.2% on a year-over-year basis. analysts predict that Charter Communications will post 2.21 EPS for the current year.
In other Charter Communications news, CFO Christopher L. Winfrey acquired 3,100 shares of the company’s stock in a transaction dated Monday, October 30th. The shares were acquired at an average cost of $323.61 per share, for a total transaction of $1,003,191.00. Following the completion of the purchase, the chief financial officer now owns 49,916 shares of the company’s stock, valued at approximately $16,153,316.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.56% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Parametrica Management Ltd bought a new position in shares of Charter Communications in the third quarter worth about $226,000. Swiss National Bank grew its position in Charter Communications by 11.8% during the second quarter. Swiss National Bank now owns 857,609 shares of the company’s stock worth $288,886,000 after buying an additional 90,400 shares in the last quarter. Parallel Advisors LLC grew its position in Charter Communications by 43.3% during the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after buying an additional 93 shares in the last quarter. Allen Investment Management LLC acquired a new stake in Charter Communications during the second quarter worth about $127,850,000. Finally, State of Tennessee Treasury Department grew its position in Charter Communications by 6.7% during the second quarter. State of Tennessee Treasury Department now owns 132,035 shares of the company’s stock worth $44,476,000 after buying an additional 8,280 shares in the last quarter. Institutional investors and hedge funds own 72.22% 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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