Several other brokerages have also recently issued reports on CHTR. Barclays upgraded shares of Charter Communications from an “underweight” rating to an “equal weight” rating and set a $375.00 target price on the stock in a report on Wednesday, March 18th. Raymond James cut shares of Charter Communications from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $600.00 to $500.00 in a report on Monday, March 16th. TD Securities raised their target price on shares of Charter Communications from $495.00 to $545.00 and gave the stock a “hold” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their target price on shares of Charter Communications from $440.00 to $510.00 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $615.00 target price (up previously from $550.00) on shares of Charter Communications in a report on Sunday, February 2nd. Nine research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Charter Communications currently has a consensus rating of “Buy” and a consensus price target of $528.95.
Shares of Charter Communications stock opened at $454.17 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.52 and a current ratio of 0.52. Charter Communications has a 52-week low of $343.15 and a 52-week high of $546.54. The stock has a market capitalization of $88.06 billion, a price-to-earnings ratio of 60.40, a P/E/G ratio of 0.80 and a beta of 1.02. The company’s 50 day moving average price is $485.14 and its 200-day moving average price is $469.96.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 31st. The company reported $3.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.50 by $0.78. Charter Communications had a net margin of 3.64% and a return on equity of 4.07%. The firm had revenue of $11.76 billion for the quarter, compared to analysts’ expectations of $11.71 billion. During the same quarter last year, the business earned $1.29 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Charter Communications will post 13.79 earnings per share for the current fiscal year.
In related news, CFO Christopher L. Winfrey sold 19,337 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $523.77, for a total value of $10,128,140.49. Following the completion of the sale, the chief financial officer now owns 91,156 shares of the company’s stock, valued at $47,744,778.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Jonathan Hargis sold 2,996 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $543.77, for a total value of $1,629,134.92. Following the completion of the sale, the chief marketing officer now directly owns 18,382 shares of the company’s stock, valued at approximately $9,995,580.14. The disclosure for this sale can be found here. Insiders sold 36,968 shares of company stock valued at $19,432,487 in the last ninety days. 0.84% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Charter Communications during the fourth quarter valued at $597,000. Quadrant Capital Group LLC lifted its position in Charter Communications by 13.6% during the fourth quarter. Quadrant Capital Group LLC now owns 1,520 shares of the company’s stock valued at $704,000 after buying an additional 182 shares during the period. RNC Capital Management LLC purchased a new position in Charter Communications during the fourth quarter valued at $287,000. Green Square Asset Management LLC purchased a new position in Charter Communications during the fourth quarter valued at $537,000. Finally, RMR Wealth Builders purchased a new position in Charter Communications during the fourth quarter valued at $199,000. 71.87% of the stock is owned by institutional investors and hedge funds.
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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