News stories about Charter Communications (NASDAQ:CHTR) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Charter Communications earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.3708579254615 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Alphabet Earnings Could Shed Light on One Key Area for Media Stocks – TheStreet.com (thestreet.com)
- March 2018 Options Now Available For Charter Communications (CHTR) – Nasdaq (nasdaq.com)
- Charter Communication (CHTR) Q2 Earnings: What’s in Store? – Nasdaq (nasdaq.com)
- ETFs with exposure to Charter Communications, Inc. : July 24, 2017 (finance.yahoo.com)
- CHTR Crosses Above Average Analyst Target (nasdaq.com)
A number of research analysts have recently issued reports on CHTR shares. Wunderlich cut Charter Communications from a “buy” rating to a “hold” rating and reduced their price objective for the company from $360.00 to $350.00 in a research note on Wednesday, May 3rd. Deutsche Bank AG reduced their price objective on Charter Communications from $400.00 to $390.00 and set a “buy” rating on the stock in a research note on Thursday, May 4th. Wells Fargo & Company cut Charter Communications from an “outperform” rating to a “market perform” rating and set a $335.00 price objective on the stock. in a research note on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $356.00 price objective on shares of Charter Communications in a research note on Friday, April 21st. Finally, Macquarie reiterated a “buy” rating and set a $365.00 target price on shares of Charter Communications in a report on Wednesday, April 19th. Eleven investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $333.92.
Shares of Charter Communications (NASDAQ:CHTR) opened at 348.08 on Tuesday. Charter Communications has a one year low of $233.00 and a one year high of $355.00. The stock has a market capitalization of $93.12 billion, a price-to-earnings ratio of 23.64 and a beta of 1.07. The firm has a 50-day moving average of $338.66 and a 200 day moving average of $328.44.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Tuesday, May 2nd. The company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.99 by $0.42. The company had revenue of $10.16 billion during the quarter, compared to the consensus estimate of $10.26 billion. Charter Communications had a return on equity of 1.41% and a net margin of 10.55%. Charter Communications’s revenue was up 301.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.68) earnings per share. On average, equities research analysts predict that Charter Communications will post $0.60 EPS for the current year.
In other news, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $323.62, for a total value of $323,620.00. Following the completion of the sale, the director now owns 13,436 shares of the company’s stock, valued at approximately $4,348,158.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David C. Merritt purchased 1,200 shares of the stock in a transaction dated Thursday, May 11th. The stock was acquired at an average cost of $326.31 per share, with a total value of $391,572.00. Following the transaction, the director now directly owns 8,174 shares in the company, valued at approximately $2,667,257.94. The disclosure for this purchase can be found here. 0.56% of the stock is owned by corporate insiders.
About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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