Charter Communications (NASDAQ:CHTR) Receives New Coverage from Analysts at Royal Bank of Canada

Royal Bank of Canada started coverage on shares of Charter Communications (NASDAQ:CHTR) in a research note published on Thursday, Marketbeat Ratings reports. The brokerage issued a sector perform rating and a $345.00 price objective on the stock.

A number of other analysts also recently weighed in on CHTR. Bank of America increased their price target on shares of Charter Communications from $360.00 to $385.00 and gave the company a neutral rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Charter Communications from $300.00 to $325.00 and gave the company a hold rating in a report on Monday, July 29th. Morgan Stanley raised their price objective on shares of Charter Communications from $330.00 to $360.00 and gave the stock an equal weight rating in a report on Monday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Charter Communications from $300.00 to $385.00 and gave the company a neutral rating in a research report on Monday, July 29th. Finally, Pivotal Research lifted their target price on shares of Charter Communications from $400.00 to $435.00 and gave the company a buy rating in a research report on Monday, July 29th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $359.94.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $331.34 on Thursday. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The firm has a fifty day moving average price of $344.42 and a two-hundred day moving average price of $301.81. The company has a market cap of $47.72 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The firm had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same period in the prior year, the firm earned $8.05 EPS. The business’s revenue was up .2% on a year-over-year basis. Analysts expect that Charter Communications will post 32.52 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in CHTR. Jump Financial LLC bought a new position in Charter Communications during the 4th quarter valued at about $290,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Charter Communications by 7.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 620 shares of the company’s stock worth $241,000 after acquiring an additional 45 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Charter Communications by 2.5% in the fourth quarter. Wells Fargo & Company MN now owns 34,966 shares of the company’s stock worth $13,591,000 after acquiring an additional 859 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Charter Communications by 7.7% in the fourth quarter. D.A. Davidson & CO. now owns 5,962 shares of the company’s stock worth $2,317,000 after acquiring an additional 428 shares during the last quarter. Finally, CreativeOne Wealth LLC bought a new position in shares of Charter Communications in the fourth quarter worth about $263,000. 81.76% of the stock is owned by institutional investors.

Charter Communications Company Profile

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.