Royal Bank of Canada Lowers Charter Communications (NASDAQ:CHTR) Price Target to $380.00

Charter Communications (NASDAQ:CHTR) had its target price cut by stock analysts at Royal Bank of Canada from $390.00 to $380.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 9.73% from the stock’s current price.

Several other research analysts have also commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Barclays raised their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Morgan Stanley increased their price target on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $383.89.

Charter Communications Stock Up 2.5 %

Shares of CHTR opened at $346.29 on Wednesday. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company’s fifty day moving average is $373.30 and its two-hundred day moving average is $348.74. The firm has a market cap of $49.24 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 0.60 and a beta of 1.10. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.25 earnings per share. Analysts forecast that Charter Communications will post 32.87 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors have recently modified their holdings of CHTR. Reston Wealth Management LLC bought a new stake in Charter Communications in the third quarter valued at about $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications in the 3rd quarter valued at approximately $28,000. Grove Bank & Trust raised its position in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares in the last quarter. CVA Family Office LLC lifted its stake in Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings in Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

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.