Several other research firms also recently commented on CHTR. Citigroup increased their target price on Charter Communications from $390.00 to $427.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 target price on the stock in a research report on Tuesday, February 26th. UBS Group lifted their price target on Charter Communications from $383.00 to $421.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. Royal Bank of Canada lowered Charter Communications from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $400.00 to $375.00 in a research note on Friday, March 29th. Finally, ValuEngine upgraded Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, ten have issued 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 an average price target of $370.27.
Shares of CHTR opened at $391.16 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications has a 52-week low of $271.56 and a 52-week high of $397.68. The company has a market capitalization of $87.50 billion, a P/E ratio of 74.93, a price-to-earnings-growth ratio of 1.26 and a beta of 1.29.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.23). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same quarter last year, the company posted $0.70 EPS. The firm’s revenue was up 5.2% on a year-over-year basis. Equities analysts forecast that Charter Communications will post 7.22 EPS for the current year.
In related news, Director Craig A. Jacobson sold 1,325 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $375.18, for a total transaction of $497,113.50. Following the completion of the transaction, the director now owns 12,773 shares of the company’s stock, valued at approximately $4,792,174.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Longview Partners Guernsey LTD purchased a new stake in shares of Charter Communications in the fourth quarter valued at about $846,691,000. 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 increased its position in Charter Communications by 2.5% during the first quarter. Geode Capital Management LLC now owns 2,274,515 shares of the company’s stock worth $787,619,000 after purchasing an additional 56,403 shares during the last quarter. Northern Trust Corp increased its position in Charter Communications by 1.5% during the fourth quarter. Northern Trust Corp now owns 1,998,946 shares of the company’s stock worth $569,640,000 after purchasing an additional 28,704 shares during the last quarter. Finally, Norges Bank purchased a new stake in Charter Communications during the fourth quarter worth approximately $360,022,000. Hedge funds and other institutional investors own 71.92% of the company’s stock.
About Charter Communications
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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