Charter Communications (NASDAQ:CHTR) PT Raised to $400.00

Charter Communications (NASDAQ:CHTR) had its target price upped by investment analysts at Credit Suisse Group from $370.00 to $400.00 in a research note issued on Monday, The Fly reports. The brokerage presently has a “neutral” rating on the stock. Credit Suisse Group’s price target suggests a potential upside of 1.38% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Citigroup initiated coverage on shares of Charter Communications in a report on Thursday, June 13th. They set a “buy” rating and a $480.00 price target on the stock. TD Securities lowered their price target on shares of Kinder Morgan Canada from C$14.50 to C$12.50 and set a “hold” rating on the stock in a report on Thursday, July 18th. Pivotal Research restated a “buy” rating and set a $500.00 price objective on shares of Charter Communications in a research report on Friday, July 26th. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Finally, UBS Group cut shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Wednesday, May 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $415.71.

Shares of NASDAQ CHTR opened at $394.56 on Monday. The business’s fifty day moving average price is $400.60. Charter Communications has a 1 year low of $272.91 and a 1 year high of $417.13. The stock has a market capitalization of $88.15 billion, a P/E ratio of 75.59, a PEG ratio of 1.30 and a beta of 1.24. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.34 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, July 26th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.79 by ($0.40). Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The firm had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.40 billion. During the same period last year, the company posted $1.15 earnings per share. The business’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, equities analysts predict that Charter Communications will post 7.1 earnings per share for the current fiscal year.

In other news, Director Craig A. Jacobson sold 1,325 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $375.18, for a total value of $497,113.50. Following the completion of the sale, the director now directly owns 12,773 shares in the company, valued at $4,792,174.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lance Conn sold 927 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total transaction of $370,800.00. Following the completion of the sale, the director now owns 9,552 shares of the company’s stock, valued at $3,820,800. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Egerton Capital UK LLP raised its position in shares of Charter Communications by 21.4% in the first quarter. Egerton Capital UK LLP now owns 2,846,860 shares of the company’s stock valued at $987,604,000 after buying an additional 502,358 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Charter Communications by 8.2% in the fourth quarter. Geode Capital Management LLC now owns 2,218,112 shares of the company’s stock valued at $630,980,000 after buying an additional 167,729 shares during the last quarter. Jackson Square Partners LLC raised its position in shares of Charter Communications by 53.1% in the first quarter. Jackson Square Partners LLC now owns 1,149,607 shares of the company’s stock valued at $398,810,000 after buying an additional 398,865 shares during the last quarter. First Pacific Advisors LP raised its position in shares of Charter Communications by 4.0% in the first quarter. First Pacific Advisors LP now owns 1,094,858 shares of the company’s stock valued at $379,817,000 after buying an additional 42,485 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Charter Communications by 0.6% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 679,778 shares of the company’s stock valued at $235,822,000 after buying an additional 4,311 shares during the last quarter. Institutional investors and hedge funds own 71.92% of the company’s stock.

Charter Communications Company Profile

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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