Charter Communications (NASDAQ:CHTR – Get Valuation) KeyCorp raised its price target to $592.00 from $555.00 in a research note issued to investors on Wednesday morning, reports The Fly. The company currently has an Overweight rating on the stock.
Other analysts have also recently issued research reports on the stock. Credit Suisse Group lowered its target price on Charter Communications shares to $676.00 in a research report on Tuesday, August 9. The Royal Bank of Canada lowered its target price on Charter Communications shares to $575.00 from $700.00 in a report on Friday, June 17. Wells Fargo & Company lowered its target price on Charter Communications shares to $393.00 from $603.00 in a report on Monday, May 2nd. Wolfe Research lowered its target price on Charter Communications stock from $582.00 to $515.00, in a report on Thursday, March 2nd. Finally, Benchmark lowered its target price on Charter Communications stock to 805.00 from $825.00 $ and ranked a buy rating on the stock in a report on Monday, May 2nd. Three equities research analysts have rated the stock with a sell rating, twelve have given it a hold rating and six have given it a buy rating. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $623.42.
Charter Communications stock performance
Charter Communications shares opened at $429.18 on Wednesday. The company’s 50-day moving average price is $461.14 and its 200-day moving average price is $507.14. The company has a gearing ratio of 6.99, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $68.95 billion, a P/E of 13.79, a price-to-earnings-to-growth ratio of 0.45, and a beta of 0.91. Charter Communications has a 52-week low of $407.75 and a 52-week high of $825.62.
Charter Communications (NASDAQ:CHTR – Get Rating) last released its quarterly earnings data on Friday, July 29th. The company reported earnings per share of $8.80 for the quarter, beating the consensus estimate of $6.82 by $1.98. The company made $13.60 billion in revenue for the quarter, compared to analysts’ expectations of $13.42 billion. Charter Communications had a net margin of 10.35% and a return on equity of 31.83%. The company’s quarterly revenue rose 6.2% year over year. In the same quarter last year, the company posted $5.29 per share. On average, equity analysts expect Charter Communications to report earnings per share of $31.15 for the current fiscal year.
Institutional inflows and outflows
Major investors have recently bought and sold shares in the company. Masso Torrence Wealth Management Inc. acquired a new position in Charter Communications valued at approximately $26,000 during the fourth quarter. Bivin & Associates Inc. acquired a new position in Charter Communications valued at approximately $26,000 during the fourth quarter. Elequin Capital LP acquired a new position in Charter Communications valued at approximately $26,000 during the first quarter. MCF Advisors LLC acquired a new position in Charter Communications valued at approximately $32,000 during the first quarter. Finally, in Q2, Prentice Wealth Management LLC acquired a new position in Charter Communications valued at approximately $33,000. 83.63% of the shares are owned by hedge funds and other institutional investors.
Charter Communications Company Profile
Charter Communications, Inc operates as a broadband connectivity and cable network operator serving residential and commercial customers throughout the United States. The company offers subscription-based video services including video-on-demand, high definition television, digital video recorders and pay-per-view services.
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