Charter Communications (NASDAQ:CHTR) Research Coverage Started at Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Charter Communications (NASDAQ:CHTR) in a research note released on Thursday morning, MarketBeat.com reports. The firm issued a sector perform rating and a $345.00 price objective on the stock.

A number of other research analysts have also recently issued reports on the stock. Citigroup upgraded shares of Charter Communications from a sell rating to a neutral rating and set a $350.00 price objective for the company in a report on Wednesday, September 11th. Barclays raised their price target on shares of Charter Communications from $250.00 to $300.00 and gave the company an underweight rating in a research report on Monday, July 29th. Raymond James lowered shares of Charter Communications from a market perform rating to an underperform rating in a research report on Monday, July 29th. Bank of America lifted their price objective on shares of Charter Communications from $360.00 to $385.00 and gave the stock a neutral rating in a research report on Monday, July 29th. Finally, Rosenblatt Securities lifted their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the stock a neutral rating in a research report on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Charter Communications presently has an average rating of Hold and a consensus target price of $359.94.

Charter Communications Stock Down 0.3 %

Shares of NASDAQ CHTR opened at $330.40 on Thursday. The stock has a market capitalization of $47.59 billion, a P/E ratio of 10.69, a P/E/G ratio of 0.61 and a beta of 1.05. The company has a 50-day moving average price of $344.81 and a 200-day moving average price of $302.31. Charter Communications has a 1 year low of $236.08 and a 1 year high of $458.30. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The firm had revenue of $13.69 billion during the quarter, compared to analysts’ expectations of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $8.05 earnings per share. On average, equities research analysts forecast that Charter Communications will post 32.52 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Hedge funds and other institutional investors have recently modified their holdings of the business. Savant Capital LLC grew its stake in Charter Communications by 1.7% during the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after acquiring an additional 31 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after buying an additional 32 shares in the last quarter. Deseret Mutual Benefit Administrators grew its stake in Charter Communications by 3.1% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,215 shares of the company’s stock worth $363,000 after buying an additional 36 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Charter Communications by 9.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock worth $126,000 after buying an additional 37 shares in the last quarter. Finally, PFG Investments LLC grew its stake in Charter Communications by 2.1% in the 2nd quarter. PFG Investments LLC now owns 1,926 shares of the company’s stock worth $576,000 after buying an additional 39 shares in the last quarter. Institutional investors 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.