Charter Communications (NASDAQ:CHTR) Rating Reiterated by Oppenheimer

Charter Communications (NASDAQ:CHTR)‘s stock had its “hold” rating reaffirmed by investment analysts at Oppenheimer in a research note issued to investors on Friday, AnalystRatings.com reports.

CHTR has been the topic of several other research reports. Nomura Instinet raised Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $500.00 to $600.00 in a research note on Friday, July 10th. Pivotal Research reissued a “buy” rating and issued a $700.00 target price (up previously from $625.00) on shares of Charter Communications in a report on Friday, May 1st. TD Securities lifted their price target on Charter Communications from $515.90 to $560.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. BidaskClub raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Friday, July 17th. Finally, KeyCorp raised their target price on shares of Charter Communications from $576.00 to $604.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Charter Communications currently has an average rating of “Buy” and an average target price of $567.68.

Shares of NASDAQ CHTR opened at $580.00 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.44 and a current ratio of 0.44. Charter Communications has a one year low of $345.67 and a one year high of $594.31. The firm has a market capitalization of $135.83 billion, a P/E ratio of 54.21, a PEG ratio of 1.36 and a beta of 1.03. The company’s fifty day moving average is $535.61 and its two-hundred day moving average is $505.74.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 31st. The company reported $3.63 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $1.10. The firm had revenue of $11.70 billion during the quarter, compared to analysts’ expectations of $11.61 billion. Charter Communications had a net margin of 3.91% and a return on equity of 4.66%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.39 earnings per share. On average, sell-side analysts forecast that Charter Communications will post 11.24 earnings per share for the current fiscal year.

In related news, CFO Christopher L. Winfrey sold 9,239 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $508.51, for a total value of $4,698,123.89. Following the completion of the sale, the chief financial officer now directly owns 149,917 shares in the company, valued at $76,234,293.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Kevin D. Howard sold 9,241 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $550.03, for a total transaction of $5,082,827.23. Following the transaction, the chief accounting officer now directly owns 12,081 shares of the company’s stock, valued at approximately $6,644,912.43. The disclosure for this sale can be found here. Insiders have sold 55,779 shares of company stock worth $28,911,716 over the last quarter. 1.18% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in shares of Charter Communications during the fourth quarter worth about $6,683,000. Baystate Wealth Management LLC increased its stake in shares of Charter Communications by 360.0% during the second quarter. Baystate Wealth Management LLC now owns 69 shares of the company’s stock valued at $35,000 after acquiring an additional 54 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in Charter Communications by 82.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 71 shares of the company’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in shares of Charter Communications during the 1st quarter valued at $32,000. Finally, Gemmer Asset Management LLC boosted its holdings in shares of Charter Communications by 122.2% in the first quarter. Gemmer Asset Management LLC now owns 80 shares of the company’s stock worth $35,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 62.78% of the company’s stock.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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