Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Charter Communications (NASDAQ:CHTR) had its target price hoisted by Royal Bank of Canada from $345.00 to $390.00 in a research note released on Monday morning,Benzinga reports. The firm currently has a sector perform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Rosenblatt Securities boosted their price objective on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Barclays raised their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Finally, Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a research note on Wednesday, September 11th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and an average price target of $379.06.

Charter Communications Stock Down 3.7 %

Charter Communications stock opened at $393.04 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market capitalization of $56.10 billion, a PE ratio of 12.31, a PEG ratio of 0.68 and a beta of 1.03. The firm’s fifty day moving average is $334.95 and its 200 day moving average is $314.67. Charter Communications has a 12-month low of $236.08 and a 12-month high of $421.16.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter in the prior year, the firm earned $8.25 EPS. The business’s revenue was up 1.6% on a year-over-year basis. As a group, sell-side analysts predict that Charter Communications will post 32.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Hedge funds have recently made changes to their positions in the business. Reston Wealth Management LLC purchased a new stake in Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications in the third quarter valued at about $28,000. CVA Family Office LLC grew its position 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 valued at $33,000 after acquiring an additional 110 shares during the period. New Covenant Trust Company N.A. purchased a new stake in shares of Charter Communications during the 1st quarter worth approximately $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 worth $39,000 after purchasing an additional 34 shares during the period. 81.76% of the stock is currently owned by institutional investors.

About Charter Communications

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.