Charter Communications (NASDAQ:CHTR) Price Target Raised to $400.00

by · The Cerbat Gem

Charter Communications (NASDAQ:CHTR – Free Report) had its price objective boosted by JPMorgan Chase & Co. from $385.00 to $400.00 in a report issued on Monday, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

CHTR has been the topic of several other research reports. Pivotal Research raised their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their price target on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research report on Monday, July 29th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $385.00 to $450.00 in a research report on Monday. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Finally, Barclays upped their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $379.06.

Get Our Latest Stock Analysis on Charter Communications

Charter Communications Price Performance

Charter Communications stock opened at $408.02 on Monday. The company has a current ratio of 0.34, a quick ratio of 0.39 and a debt-to-equity ratio of 5.24. The firm has a market capitalization of $58.24 billion, a P/E ratio of 12.78, a PEG ratio of 0.66 and a beta of 1.03. The business has a 50-day moving average of $334.95 and a 200-day moving average of $314.67. Charter Communications has a 1 year low of $236.08 and a 1 year high of $421.16.

Charter Communications (NASDAQ:CHTR – Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.25 earnings per share. On average, equities analysts anticipate that Charter Communications will post 32.51 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Reston Wealth Management LLC acquired a new position in Charter Communications during the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the third quarter valued at $28,000. CVA Family Office LLC increased its stake in shares of Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of Charter Communications in the 1st quarter valued at about $34,000. Finally, Grove Bank & Trust raised its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the period. Institutional investors own 81.76% of the company’s stock.

About Charter Communications

(Get Free Report)

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.

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