Charter Communications (NASDAQ:CHTR) had its price objective raised by analysts at SunTrust Banks to $440.00 in a research report issued on Monday. The brokerage presently has a “buy” rating on the stock. SunTrust Banks’ price objective points to a potential upside of 18.10% from the company’s previous close.
A number of other equities research analysts have also recently commented on CHTR. Moffett Nathanson reiterated a “neutral” rating on shares of Charter Communications in a report on Monday, October 16th. Pivotal Research reiterated a “buy” rating and set a $420.00 price target (up previously from $405.00) on shares of Charter Communications in a report on Friday, October 27th. Barclays cut their price target on shares of Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a report on Friday, October 27th. Macquarie reiterated a “buy” rating on shares of Charter Communications in a report on Sunday, October 29th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $400.00 price target on shares of Charter Communications in a report on Thursday, November 2nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $396.11.
Shares of Charter Communications (CHTR) traded down $14.93 on Monday, reaching $372.57. 2,860,000 shares of the company’s stock were exchanged, compared to its average volume of 1,550,000. The stock has a market capitalization of $92,420.00, a PE ratio of 10.93, a PEG ratio of 2.53 and a beta of 1.15. The company has a current ratio of 0.23, a quick ratio of 0.40 and a debt-to-equity ratio of 1.43. Charter Communications has a twelve month low of $308.30 and a twelve month high of $408.83.
A number of hedge funds have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in Charter Communications by 315.1% in the third quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock worth $503,237,000 after acquiring an additional 1,051,151 shares during the period. Brown Advisory Inc. raised its position in Charter Communications by 623.2% in the third quarter. Brown Advisory Inc. now owns 592,689 shares of the company’s stock worth $215,394,000 after acquiring an additional 510,735 shares during the period. Toronto Dominion Bank raised its position in Charter Communications by 155.5% in the third quarter. Toronto Dominion Bank now owns 188,279 shares of the company’s stock worth $68,416,000 after acquiring an additional 114,586 shares during the period. Meritage Group LP raised its position in Charter Communications by 3.4% in the third quarter. Meritage Group LP now owns 2,819,596 shares of the company’s stock worth $1,024,698,000 after acquiring an additional 92,620 shares during the period. Finally, Cowen Inc. bought a new position in Charter Communications in the third quarter worth approximately $29,700,000. Institutional investors own 72.05% of the company’s stock.
Charter Communications Company Profile
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.
