Charter Communications Inc. (NASDAQ:CHTR) had its price objective boosted by investment analysts at Citigroup Inc. from $270.00 to $318.00 in a research report issued to clients and investors on Friday, StockTargetPrices.com reports. The brokerage currently has a “buy” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 16.98% from the stock’s previous close.
A number of other analysts also recently issued reports on CHTR. Jefferies Group reaffirmed a “hold” rating on shares of Charter Communications in a research note on Saturday, June 4th. Morgan Stanley started coverage on Charter Communications in a research note on Tuesday, June 14th. They issued an “overweight” rating and a $265.00 price objective on the stock. Wunderlich lifted their price objective on Charter Communications from $254.00 to $280.00 and gave the stock a “buy” rating in a research note on Monday, June 20th. Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $242.00 price objective on the stock in a research note on Tuesday, June 28th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $230.00 price objective on shares of Charter Communications in a research note on Tuesday, June 28th. Four 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. The stock has an average rating of “Buy” and an average price target of $282.44.
Shares of Charter Communications (NASDAQ:CHTR) traded down 0.46% during mid-day trading on Friday, reaching $270.59. The company had a trading volume of 174,711 shares. Charter Communications has a 1-year low of $156.13 and a 1-year high of $279.95. The firm has a 50-day moving average price of $263.87 and a 200-day moving average price of $230.27. The stock has a market capitalization of $73.31 billion, a price-to-earnings ratio of 12.08 and a beta of 0.72.
Charter Communications (NASDAQ:CHTR) last issued its earnings results on Tuesday, August 9th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.28. The company had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $1.66 billion. Charter Communications had a return on equity of 0.19% and a net margin of 20.59%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned ($1.09) EPS. Equities analysts expect that Charter Communications will post $0.60 earnings per share for the current year.
In other Charter Communications news, Director Craig A. Jacobson sold 3,000 shares of the company’s stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $258.15, for a total value of $774,450.00. Following the completion of the sale, the director now directly owns 16,563 shares in the company, valued at approximately $4,275,738.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mauricio Ramos bought 1,000 shares of the stock in a transaction on Thursday, August 18th. The stock was purchased at an average price of $255.00 per share, with a total value of $255,000.00. Following the completion of the acquisition, the director now directly owns 1,997 shares in the company, valued at approximately $509,235. The disclosure for this purchase can be found here. 1.51% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Dodge & Cox bought a new stake in shares of Charter Communications during the second quarter worth $2,594,469,000. Vanguard Group Inc. boosted its stake in shares of Charter Communications by 76.5% in the second quarter. Vanguard Group Inc. now owns 9,136,358 shares of the company’s stock worth $2,088,936,000 after buying an additional 3,960,440 shares during the period. FMR LLC boosted its stake in shares of Charter Communications by 20.6% in the second quarter. FMR LLC now owns 8,564,964 shares of the company’s stock worth $1,958,293,000 after buying an additional 1,460,694 shares during the period. Capital World Investors boosted its stake in shares of Charter Communications by 2.9% in the second quarter. Capital World Investors now owns 6,208,062 shares of the company’s stock worth $1,419,411,000 after buying an additional 174,062 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in shares of Charter Communications by 181.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,131,578 shares of the company’s stock worth $1,173,284,000 after buying an additional 3,310,589 shares during the period. Hedge funds and other institutional investors own 77.10% of the company’s stock.
About Charter Communications
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.
Receive News & Ratings for Charter Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.