Charter Communications (NASDAQ:CHTR) Price Target Raised to $320.00

Charter Communications (NASDAQ:CHTR) had its target price raised by Barclays from $315.00 to $320.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Barclays‘s target price suggests a potential downside of 6.56% from the company’s current price.

CHTR has been the topic of a number of other reports. Morgan Stanley boosted their price objective on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Finally, Pivotal Research lifted their price objective on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $384.42.

Charter Communications Stock Performance

NASDAQ:CHTR traded down $3.03 during trading hours on Monday, hitting $342.46. 635,708 shares of the company traded hands, compared to its average volume of 1,269,682. The company has a current ratio of 0.31, a quick ratio of 0.34 and a debt-to-equity ratio of 4.73. Charter Communications has a twelve month low of $236.08 and a twelve month high of $415.27. The firm has a 50-day moving average of $363.28 and a 200 day moving average of $353.12. The stock has a market capitalization of $48.70 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 0.46 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $7.07 earnings per share. On average, analysts forecast that Charter Communications will post 36.73 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

A number of large investors have recently modified their holdings of the stock. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications in the 3rd quarter valued at $28,000. Avior Wealth Management LLC increased its stake in shares of Charter Communications by 104.7% in 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 during the period. Sierra Ocean LLC bought a new stake in shares of Charter Communications during the fourth quarter worth $32,000. Finally, Grove Bank & Trust lifted its stake in shares of Charter Communications by 39.1% during 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 period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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.