Charter Communications (NASDAQ:CHTR) Price Target Raised to $400.00 at JPMorgan Chase & Co.

Charter Communications (NASDAQ:CHTR) had its price objective raised by analysts at JPMorgan Chase & Co. from $385.00 to $400.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 7.53% from the stock’s previous close.

Several other analysts have also recently weighed in on CHTR. Rosenblatt Securities boosted their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Pivotal Research upped their price target on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research note on Monday, September 30th. Morgan Stanley upped their target price on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Barclays lifted their price objective on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research report on Monday. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $373.47.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $372.00 on Monday. The stock’s 50-day simple moving average is $333.06 and its 200 day simple moving average is $312.37. The firm has a market capitalization of $53.10 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 0.59 and a beta of 1.03. Charter Communications has a twelve month low of $236.08 and a twelve month high of $422.92. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period last year, the firm posted $8.25 earnings per share. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts anticipate that Charter Communications will post 32.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several institutional investors have recently bought and sold shares of the stock. Capital International Investors lifted its stake in Charter Communications by 53.6% during the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after acquiring an additional 3,685,451 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after purchasing an additional 175,130 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Charter Communications by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after purchasing an additional 69,959 shares in the last quarter. First Pacific Advisors LP boosted its holdings in Charter Communications by 2.0% during the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock worth $183,144,000 after purchasing an additional 12,218 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Charter Communications by 172,425.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock valued at $104,188,000 after buying an additional 348,299 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.