Charter Communications (NASDAQ:CHTR) Stock Rating Upgraded by Raymond James

Charter Communications (NASDAQ:CHTR) was upgraded by Raymond James from an “underperform” rating to a “market perform” rating in a research report issued on Monday,Briefing.com Automated Import reports.

A number of other brokerages also recently issued reports on CHTR. Barclays boosted their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Morgan Stanley increased their price objective on Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, April 28th. Citigroup upped their target price on Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a report on Monday, April 28th. Wells Fargo & Company increased their price target on Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Finally, StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $409.39.

Charter Communications Stock Up 1.8%

NASDAQ:CHTR opened at $427.25 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a fifty day simple moving average of $365.54 and a 200-day simple moving average of $366.33. The company has a market cap of $59.97 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. Charter Communications has a twelve month low of $266.06 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The firm had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. During the same quarter in the previous year, the firm earned $7.55 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Analysts anticipate that Charter Communications will post 38.16 EPS for the current year.

Institutional Trading of Charter Communications

Several hedge funds have recently added to or reduced their stakes in CHTR. SouthState Corp bought a new position in Charter Communications during the 1st quarter worth about $25,000. ST Germain D J Co. Inc. increased its holdings in Charter Communications by 1,283.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after purchasing an additional 77 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Charter Communications by 93.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after purchasing an additional 41 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares in the last quarter. Finally, Strengthening Families & Communities LLC bought a new position in Charter Communications during the 1st quarter worth about $33,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

About Charter Communications

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.