Deutsche Bank Aktiengesellschaft Increases Charter Communications (NASDAQ:CHTR) Price Target to $365.00

Charter Communications (NASDAQ:CHTR) had its price objective upped by equities research analysts at Deutsche Bank Aktiengesellschaft from $340.00 to $365.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential downside of 2.63% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a report on Wednesday, September 11th. Rosenblatt Securities upped their target price on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a report on Monday, September 30th. JPMorgan Chase & Co. lifted their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Barclays boosted their price target on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $378.47.

Charter Communications Price Performance

Shares of Charter Communications stock traded up $8.38 during trading on Monday, hitting $374.87. 1,022,424 shares of the company’s stock traded hands, compared to its average volume of 1,376,086. The company has a market cap of $53.51 billion, a PE ratio of 11.95, a PEG ratio of 0.59 and a beta of 1.03. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. Charter Communications has a twelve month low of $236.08 and a twelve month high of $422.92. The firm’s fifty day moving average price is $333.06 and its 200 day moving average price is $312.37.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.25 EPS. Analysts forecast that Charter Communications will post 32.51 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

Institutional investors and hedge funds have recently made changes to their positions in the company. Savant Capital LLC grew its stake in shares of Charter Communications by 1.7% during the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after acquiring an additional 31 shares during the period. US Bancorp DE raised its position in shares of Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after purchasing an additional 31 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after buying an additional 32 shares in the last quarter. Grove Bank & Trust boosted its holdings in 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 buying an additional 34 shares during the period. Finally, CVA Family Office LLC grew its position in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares in the last quarter. 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.