Moffett Nathanson cut shares of Charter Communications Inc. (NASDAQ:CHTR) from a buy rating to a neutral rating in a research report report published on Tuesday morning. They currently have $305.00 target price on the stock. The analysts noted that the move was a valuation call.
A number of other analysts have also commented on the company. Argus reiterated a buy rating and set a $300.00 price target on shares of Charter Communications in a report on Wednesday, August 24th. Telsey Advisory Group lifted their price target on Charter Communications from $246.00 to $302.00 and gave the stock an outperform rating in a report on Monday. Zacks Investment Research lowered Charter Communications from a strong-buy rating to a hold rating in a report on Monday, August 29th. Bank of America Corp. started coverage on Charter Communications in a report on Tuesday, August 2nd. They set a buy rating and a $300.00 price target on the stock. Finally, Morgan Stanley reiterated an overweight rating on shares of Charter Communications in a report on Wednesday, June 29th. Five analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. Charter Communications currently has an average rating of Buy and a consensus price target of $287.86.
Shares of Charter Communications (NASDAQ:CHTR) opened at 256.40 on Tuesday. The firm has a 50-day moving average price of $266.47 and a 200 day moving average price of $234.78. Charter Communications has a 1-year low of $156.13 and a 1-year high of $279.95. The company has a market cap of $69.47 billion, a PE ratio of 11.45 and a beta of 0.67.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.28. The business had revenue of $9.99 billion for the quarter, compared to analyst estimates of $1.66 billion. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. Charter Communications’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted ($1.09) earnings per share. On average, equities analysts anticipate that Charter Communications will post $0.60 earnings per share for the current year.
In related news, EVP Jonathan Hargis sold 7,233 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $253.21, for a total transaction of $1,831,467.93. Following the completion of the transaction, the executive vice president now directly owns 13,255 shares in the company, valued at $3,356,298.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Craig A. Jacobson sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $258.15, for a total value of $774,450.00. Following the transaction, the director now owns 16,563 shares of the company’s stock, valued at $4,275,738.45. The disclosure for this sale can be found here. Corporate insiders own 1.51% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. CKW Financial Group acquired a new position in Charter Communications during the second quarter valued at approximately $103,000. Brave Asset Management Inc acquired a new position in Charter Communications during the second quarter valued at approximately $104,000. Glenmede Trust Co. NA acquired a new position in Charter Communications during the second quarter valued at approximately $107,000. Daiwa SB Investments Ltd. acquired a new position in Charter Communications during the second quarter valued at approximately $110,000. Finally, Meeder Asset Management Inc. acquired a new position in Charter Communications during the second quarter valued at approximately $110,000. Institutional investors and hedge funds own 77.10% of the company’s stock.
Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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