Deutsche Bank Aktiengesellschaft Increases Charter Communications (NASDAQ:CHTR) Price Target to $365.00

Charter Communications (NASDAQ:CHTR) had its price objective hoisted by investment analysts at Deutsche Bank Aktiengesellschaft from $340.00 to $365.00 in a research report issued on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 2.63% from the stock’s previous close.

A number of other research analysts also recently issued reports on CHTR. Morgan Stanley boosted their price target on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday. Barclays lifted their target price on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and increased their price target for the company from $385.00 to $450.00 in a report on Monday. Royal Bank of Canada raised their price target on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, Pivotal Research upped their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus price target of $378.47.

Charter Communications Stock Up 2.3 %

Shares of CHTR traded up $8.38 during midday trading on Monday, reaching $374.87. 1,022,424 shares of the stock were exchanged, compared to its average volume of 1,376,086. Charter Communications has a 52 week low of $236.08 and a 52 week high of $422.92. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 5.84. The company has a market capitalization of $53.51 billion, a P/E ratio of 11.95, a PEG ratio of 0.59 and a beta of 1.03. The company’s 50 day moving average is $333.06 and its two-hundred day moving average is $312.37.

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

Hedge Funds Weigh In On Charter Communications

A number of institutional investors and hedge funds have recently made changes to their positions in CHTR. Reston Wealth Management LLC purchased a new stake in Charter Communications during the third quarter worth about $26,000. CVA Family Office LLC raised its holdings in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in Charter Communications in the first quarter valued at $34,000. Grove Bank & Trust raised its stake in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Charter Communications by 109.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after acquiring an additional 83 shares during the last quarter. 81.76% of the stock is 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.