BNP Paribas Upgrades Charter Communications (NASDAQ:CHTR) to Neutral

Charter Communications (NASDAQ:CHTR) was upgraded by stock analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a report issued on Tuesday,Briefing.com Automated Import reports. The firm presently has a $360.00 price target on the stock. BNP Paribas’ target price would suggest a potential downside of 6.36% from the company’s current price.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Wells Fargo & Company upped 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 report on Monday, November 4th. Barclays boosted their price objective on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. raised their price target on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $378.00.

Charter Communications Stock Down 1.0 %

Shares of CHTR stock opened at $384.47 on Tuesday. The company’s fifty day simple moving average is $348.93 and its two-hundred day simple moving average is $326.68. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27. The stock has a market cap of $54.67 billion, a P/E ratio of 12.04, a PEG ratio of 0.62 and a beta of 1.03. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business earned $8.25 earnings per share. Analysts predict that Charter Communications will post 32.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC grew its position in shares of Charter Communications by 1.3% during the 3rd quarter. Tidal Investments LLC now owns 17,261 shares of the company’s stock worth $5,594,000 after buying an additional 229 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Charter Communications during the 3rd quarter worth about $165,000. Sanctuary Advisors LLC increased its position in Charter Communications by 51.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,159 shares of the company’s stock valued at $1,996,000 after purchasing an additional 2,105 shares during the period. Virtu Financial LLC raised its holdings in shares of Charter Communications by 262.6% in the 3rd quarter. Virtu Financial LLC now owns 13,731 shares of the company’s stock valued at $4,450,000 after purchasing an additional 9,944 shares in the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of Charter Communications by 2.5% in the 3rd quarter. Toronto Dominion Bank now owns 33,157 shares of the company’s stock worth $10,746,000 after purchasing an additional 806 shares during the period. 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.