Charter Communications, Inc. (NASDAQ:CHTR – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 11,730,000 shares, a decrease of 7.7% from the July 15th total of 12,710,000 shares. Currently, 12.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is currently 8.8 days.
Charter Communications Trading Down 2.2 %
Shares of NASDAQ:CHTR opened at $347.32 on Wednesday. The stock has a 50 day moving average of $322.24 and a 200 day moving average of $294.43. The company has a market cap of $50.02 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 0.70 and a beta of 1.04. Charter Communications has a 12-month low of $236.08 and a 12-month high of $458.30. The company has a current ratio of 0.39, a quick ratio of 0.40 and a debt-to-equity ratio of 5.84.
Charter Communications (NASDAQ:CHTR – Get Free Report) last posted its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping analysts’ consensus estimates of $7.98 by $0.51. The business had revenue of $13.69 billion during the quarter, compared to analyst estimates of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $8.05 earnings per share. As a group, equities research analysts expect that Charter Communications will post 32.52 EPS for the current year.
Institutional Investors Weigh In On Charter Communications
Analysts Set New Price Targets
CHTR has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Barclays increased their price objective on Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research report on Monday, July 29th. Wells Fargo & Company boosted their target price on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. Finally, TD Cowen raised their target price on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Four investment 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $360.93.
Get Our Latest Stock Analysis on CHTR
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.
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