Charter Communications (NASDAQ:CHTR) Given New $385.00 Price Target at Royal Bank of Canada

Charter Communications (NASDAQ:CHTR) had its target price upped by Royal Bank of Canada from $380.00 to $385.00 in a research report released on Monday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued reports about the company. Barclays upped their target price on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Wells Fargo & Company raised their price objective on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. 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 research note on Monday, November 4th. Finally, Pivotal Research upped their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Performance

CHTR opened at $341.50 on Monday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. Charter Communications has a 52-week low of $236.08 and a 52-week high of $415.27. The firm has a market cap of $48.56 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11. The business’s fifty day moving average is $363.28 and its 200-day moving average is $353.12.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping 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 business earned $7.07 EPS. Sell-side analysts expect that Charter Communications will post 36.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several hedge funds and other institutional investors have recently modified their holdings of CHTR. Reston Wealth Management LLC bought a new position in Charter Communications in the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC bought a new position in shares of Charter Communications in the 3rd quarter worth $28,000. Avior Wealth Management LLC raised its position in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC purchased a new position in Charter Communications in the fourth quarter worth $32,000. Finally, Grove Bank & Trust increased its stake in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares during the last quarter. 81.76% of the stock is currently 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.