Charter Communications (NASDAQ:CHTR) Price Target Raised to $330.00

Charter Communications (NASDAQ:CHTR) had its price objective upped by Morgan Stanley from $300.00 to $330.00 in a research report report published on Friday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities research analysts also recently issued reports on the company. Bank of America cut their price target on Charter Communications from $315.00 to $300.00 and set a neutral rating for the company in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft cut their price target on Charter Communications from $375.00 to $320.00 and set a hold rating for the company in a report on Tuesday, April 16th. Citigroup downgraded Charter Communications from a neutral rating to a sell rating and cut their price target for the company from $280.00 to $255.00 in a report on Wednesday, July 3rd. Loop Capital cut their price target on Charter Communications from $335.00 to $285.00 and set a hold rating for the company in a report on Monday, April 29th. Finally, UBS Group dropped their target price on Charter Communications from $360.00 to $325.00 and set a neutral rating for the company in a report on Thursday, March 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $331.80.

Charter Communications Price Performance

NASDAQ:CHTR opened at $320.31 on Friday. Charter Communications has a 1-year low of $236.08 and a 1-year high of $458.30. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 6.28. The firm has a fifty day simple moving average of $287.83 and a 200 day simple moving average of $296.78. The stock has a market capitalization of $46.13 billion, a PE ratio of 10.36, a P/E/G ratio of 1.35 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The business had revenue of $13.68 billion for the quarter, compared to analyst estimates of $13.75 billion. During the same period in the prior year, the business earned $6.65 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts expect that Charter Communications will post 31.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Wetzel Investment Advisors Inc. bought a new position in shares of Charter Communications in the fourth quarter worth $25,000. CVA Family Office LLC increased its position in shares of Charter Communications by 5,500.0% in 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 period. New Covenant Trust Company N.A. bought a new position in shares of Charter Communications in the first quarter worth $34,000. Riverview Trust Co bought a new position in Charter Communications in the first quarter valued at about $40,000. Finally, Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications in the fourth quarter valued at about $44,000. 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.