Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, Barclays Analyst Says

Charter Communications (NASDAQ:CHTR) had its price objective boosted by Barclays from $315.00 to $320.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other analysts have also recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Morgan Stanley boosted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Performance

Charter Communications stock opened at $345.05 on Monday. The company has a market cap of $49.07 billion, a PE ratio of 9.87, a P/E/G ratio of 0.46 and a beta of 1.11. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a fifty day moving average price of $361.42 and a two-hundred day moving average price of $353.40. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the firm posted $7.07 earnings per share. Research analysts expect that Charter Communications will post 36.73 earnings per share for the current year.

Institutional Trading of Charter Communications

Hedge funds and other institutional investors have recently modified their holdings of the company. Reston Wealth Management LLC acquired a new position in Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications during the 3rd quarter valued at about $28,000. Avior Wealth Management LLC grew its stake in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Charter Communications in the 4th quarter worth approximately $32,000. Finally, Grove Bank & Trust lifted its stake in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

About Charter Communications

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.