Charter Communications’ (CHTR) “Buy” Rating Reaffirmed at Benchmark

Charter Communications (NASDAQ:CHTR)‘s stock had its “buy” rating reiterated by analysts at Benchmark in a research report issued on Friday,Benzinga reports. They presently have a $450.00 price objective on the stock. Benchmark’s price objective suggests a potential upside of 28.60% from the company’s previous close.

Several other brokerages have also commented on CHTR. Royal Bank of Canada decreased their price objective on shares of Charter Communications from $390.00 to $380.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Thursday, December 12th. Pivotal Research upped their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company upped their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $383.89.

Charter Communications Trading Up 4.0 %

NASDAQ:CHTR traded up $13.30 during midday trading on Friday, reaching $349.92. 1,081,417 shares of the stock traded hands, compared to its average volume of 1,211,765. The company has a fifty day moving average of $364.14 and a 200 day moving average of $352.64. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $49.76 billion, a P/E ratio of 10.97, a PEG ratio of 0.47 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, January 31st. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. During the same quarter last year, the company posted $7.07 earnings per share. On average, research analysts predict that Charter Communications will post 34.62 EPS for the current year.

Institutional Trading of Charter Communications

Institutional investors have recently bought and sold shares of the company. Chemistry Wealth Management LLC boosted its holdings in shares of Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock valued at $226,000 after acquiring an additional 30 shares during the last quarter. US Bancorp DE boosted its holdings 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 acquiring an additional 31 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings 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 acquiring an additional 32 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after acquiring an additional 35 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.