Charter Communications (NASDAQ:CHTR) Given New $400.00 Price Target at JPMorgan Chase & Co.

Charter Communications (NASDAQ:CHTR) had its target price increased by JPMorgan Chase & Co. from $385.00 to $400.00 in a report released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities research analysts have also commented on CHTR. Barclays boosted their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday. Rosenblatt Securities upped their target price on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research note on Wednesday, September 11th. Finally, TD Cowen lifted their price target on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and a consensus target price of $378.47.

Charter Communications Trading Up 2.5 %

Shares of Charter Communications stock opened at $375.83 on Monday. The company has a 50-day moving average of $333.47 and a two-hundred day moving average of $313.19. Charter Communications has a 12-month low of $236.08 and a 12-month high of $422.92. The company has a current ratio of 0.34, a quick ratio of 0.39 and a debt-to-equity ratio of 5.24. The stock has a market cap of $53.65 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03.

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, topping the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. Charter Communications’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the firm posted $8.25 earnings per share. On average, research analysts anticipate that Charter Communications will post 32.51 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Several large investors have recently bought and sold shares of CHTR. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications in the 3rd quarter worth $28,000. CVA Family Office LLC boosted its position in 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 buying an additional 110 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in shares of Charter Communications during the first quarter valued at about $34,000. Finally, Grove Bank & Trust increased its position in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the last quarter. Institutional investors and hedge funds 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.