Charter Communications (NASDAQ:CHTR) Price Target Raised to $329.00

Charter Communications (NASDAQ:CHTR) had its price objective increased by Rosenblatt Securities from $292.00 to $329.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other research analysts have also issued reports on CHTR. The Goldman Sachs Group assumed coverage on Charter Communications in a research note on Monday, July 1st. They set a sell rating and a $250.00 price objective for the company. Wells Fargo & Company decreased their target price on Charter Communications from $290.00 to $260.00 and set an equal weight rating on the stock in a report on Monday, April 29th. Barclays decreased their target price on Charter Communications from $280.00 to $250.00 and set an underweight rating on the stock in a report on Tuesday, April 2nd. Bank of America decreased their target price on Charter Communications from $315.00 to $300.00 and set a neutral rating on the stock in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. decreased their target price on Charter Communications from $370.00 to $335.00 and set a neutral rating on the stock in a report on Monday, April 1st. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $373.69.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $379.72 on Monday. The business has a fifty day simple moving average of $299.28 and a 200 day simple moving average of $295.92. The company has a current ratio of 0.39, a quick ratio of 0.40 and a debt-to-equity ratio of 5.84. The firm has a market capitalization of $54.69 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.69 and a beta of 1.04. Charter Communications has a one year low of $236.08 and a one year high of $458.30.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. During the same period in the prior year, the company posted $8.05 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts expect that Charter Communications will post 30.5 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

Several hedge funds have recently added to or reduced their stakes in CHTR. Wolf Group Capital Advisors lifted its stake in Charter Communications by 2.6% in the fourth quarter. Wolf Group Capital Advisors now owns 1,866 shares of the company’s stock valued at $686,000 after buying an additional 47 shares during the period. UMB Bank n.a. lifted its stake in Charter Communications by 59.3% in the fourth quarter. UMB Bank n.a. now owns 524 shares of the company’s stock valued at $204,000 after buying an additional 195 shares during the period. Trust Point Inc. acquired a new position in Charter Communications in the fourth quarter valued at about $489,000. Ballentine Partners LLC lifted its stake in Charter Communications by 3.7% in the fourth quarter. Ballentine Partners LLC now owns 1,595 shares of the company’s stock valued at $620,000 after buying an additional 57 shares during the period. Finally, SteelPeak Wealth LLC acquired a new position in Charter Communications in the fourth quarter valued at about $589,000. Institutional investors and hedge funds 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.