Charter Communications (NASDAQ:CHTR) Price Target Raised to $350.00

Charter Communications (NASDAQ:CHTR) had its target price lifted by Citigroup from $255.00 to $350.00 in a research note published on Wednesday morning, Benzinga reports. Citigroup currently has a sell rating on the stock.

A number of other analysts also recently issued reports on CHTR. Pivotal Research raised their price objective on Charter Communications from $400.00 to $435.00 and gave the stock a buy rating in a research report on Monday, July 29th. Barclays raised their target price on Charter Communications from $250.00 to $300.00 and gave the company an underweight rating in a report on Monday, July 29th. Loop Capital lowered their target price on Charter Communications from $335.00 to $285.00 and set a hold rating for the company in a report on Monday, April 29th. JPMorgan Chase & Co. raised their target price on Charter Communications from $300.00 to $385.00 and gave the company a neutral rating in a report on Monday, July 29th. Finally, Wells Fargo & Company raised their target price on Charter Communications from $260.00 to $350.00 and gave the company an equal weight rating in a report on Monday, July 29th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $360.93.

Charter Communications Stock Down 1.0 %

Shares of NASDAQ:CHTR opened at $373.16 on Wednesday. The business has a 50-day moving average price of $303.49 and a 200 day moving average price of $296.54. 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 $53.75 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.70 and a beta of 1.04. Charter Communications has a 12-month low of $236.08 and a 12-month high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The firm had revenue of $13.69 billion during 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% on a year-over-year basis. During the same period last year, the company earned $8.05 EPS. Sell-side analysts expect that Charter Communications will post 32.52 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in the business. Foster & Motley Inc. lifted its stake in Charter Communications by 13.3% during the second quarter. Foster & Motley Inc. now owns 1,277 shares of the company’s stock worth $382,000 after purchasing an additional 150 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Charter Communications by 3.1% during the second quarter. Deseret Mutual Benefit Administrators now owns 1,215 shares of the company’s stock worth $363,000 after purchasing an additional 36 shares during the last quarter. TD Asset Management Inc lifted its stake in Charter Communications by 3.8% during the second quarter. TD Asset Management Inc now owns 43,714 shares of the company’s stock worth $13,069,000 after purchasing an additional 1,606 shares during the last quarter. Pzena Investment Management LLC lifted its stake in Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after purchasing an additional 175,130 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in Charter Communications during the second quarter worth approximately $300,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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.