Charter Communications (NASDAQ:CHTR) Upgraded to “Overweight” at KeyCorp

KeyCorp upgraded shares of Charter Communications (NASDAQ:CHTR) from a sector weight rating to an overweight rating in a report published on Thursday morning, Marketbeat.com reports. The firm currently has $500.00 price objective on the stock.

CHTR has been the topic of a number of other reports. Morgan Stanley boosted their price target on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th. Wells Fargo & Company raised their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Royal Bank of Canada lifted their price target on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a report on Monday, November 4th. Finally, Barclays increased their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Stock Down 1.4 %

Shares of CHTR stock opened at $383.00 on Thursday. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications has a one year low of $236.08 and a one year high of $415.27. The company’s fifty day moving average price is $365.35 and its 200-day moving average price is $336.50. The company has a market capitalization of $54.46 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.60 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR) last posted 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. The business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $8.25 earnings per share. Sell-side analysts expect that Charter Communications will post 32.87 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Savant Capital LLC increased its position 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 during the last quarter. US Bancorp DE boosted its stake in shares of Charter Communications by 0.4% during the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after purchasing an additional 31 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after purchasing an additional 32 shares during the last quarter. Grove Bank & Trust raised its position in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the period. Finally, CVA Family Office LLC lifted its stake in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other 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.