Deutsche Bank Aktiengesellschaft Raises Charter Communications (NASDAQ:CHTR) Price Target to $325.00

Charter Communications (NASDAQ:CHTR) had its target price raised by equities researchers at Deutsche Bank Aktiengesellschaft from $300.00 to $325.00 in a report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 14.12% from the stock’s previous close.

Several other brokerages have also recently issued reports on CHTR. Barclays lifted their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the stock an “underweight” rating in a research note on Monday. Loop Capital decreased their price target on shares of Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Wells Fargo & Company upped their price target on Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a report on Monday. The Goldman Sachs Group initiated coverage on Charter Communications in a research note on Monday, July 1st. They set a “sell” rating and a $250.00 price objective for the company. Finally, Pivotal Research boosted their target price on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $367.75.

Charter Communications Price Performance

NASDAQ:CHTR traded up $10.83 during midday trading on Monday, hitting $378.45. 1,128,217 shares of the stock were exchanged, compared to its average volume of 1,470,772. The business has a 50-day moving average price of $292.90 and a two-hundred day moving average price of $295.14. The company has a current ratio of 0.39, a quick ratio of 0.40 and a debt-to-equity ratio of 5.84. The company has a market capitalization of $54.51 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.64 and a beta of 1.04. Charter Communications has a one year low of $236.08 and a one year high of $458.30.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 26th. The company reported $8.49 EPS for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The company had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.05 EPS. Sell-side analysts predict that Charter Communications will post 30.5 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wetzel Investment Advisors Inc. bought a new stake in Charter Communications in the fourth quarter worth approximately $25,000. CVA Family Office LLC lifted its stake in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in Charter Communications in the first quarter worth $34,000. Riverview Trust Co acquired a new position in Charter Communications during the first quarter worth $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications during the fourth quarter valued at about $44,000. 81.76% of the stock is currently owned by hedge funds and other 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.