Charter Communications (NASDAQ:CHTR) PT Raised to $500.00 at Pivotal Research

Charter Communications (NASDAQ:CHTR) had its target price boosted by equities researchers at Pivotal Research from $425.00 to $500.00 in a report released on Friday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Pivotal Research’s price target would indicate a potential upside of 20.68% from the company’s current price.

A number of other research analysts have also recently commented on CHTR. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Royal Bank of Canada raised their price target on shares of PVH to $145.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. Rosenblatt Securities initiated coverage on shares of Charter Communications in a research note on Thursday, June 13th. They set a “buy” rating and a $480.00 price target for the company. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday. Finally, UBS Group cut shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $389.73.

Shares of CHTR opened at $414.31 on Friday. The company has a market capitalization of $92.56 billion, a PE ratio of 73.20, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. Charter Communications has a 12 month low of $271.56 and a 12 month high of $415.14. The business’s 50-day simple moving average is $391.61.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 EPS for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.23). The business had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.20 billion. Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.70 EPS. On average, analysts expect that Charter Communications will post 7.12 earnings per share for the current fiscal year.

In related news, Director Craig A. Jacobson sold 1,325 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now owns 12,773 shares in the company, 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. Also, Director Lance Conn sold 927 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total transaction of $370,800.00. Following the completion of the transaction, the director now owns 9,552 shares of the company’s stock, valued at approximately $3,820,800. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Rational Advisors LLC raised its position in Charter Communications by 230.3% in the 1st quarter. Rational Advisors LLC now owns 109 shares of the company’s stock worth $38,000 after purchasing an additional 76 shares during the last quarter. TCG Advisors LP bought a new position in Charter Communications in the 1st quarter worth approximately $42,000. Huntington National Bank raised its position in Charter Communications by 31.1% in the 1st quarter. Huntington National Bank now owns 135 shares of the company’s stock worth $47,000 after purchasing an additional 32 shares during the last quarter. Sontag Advisory LLC bought a new position in Charter Communications in the 4th quarter worth approximately $46,000. Finally, Massey Quick Simon & CO. LLC raised its position in Charter Communications by 60.2% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 165 shares of the company’s stock worth $57,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 71.91% 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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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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