Royal Bank of Canada Issues Positive Forecast for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR) had its target price raised by analysts at Royal Bank of Canada from $380.00 to $385.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 12.29% from the stock’s current price.

Other analysts have also issued reports about the company. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $385.00 to $450.00 in a report on Monday, November 4th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a report on Thursday, December 12th. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th. Benchmark reaffirmed a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $384.16.

Charter Communications Stock Down 0.8 %

Shares of CHTR traded down $2.62 during mid-day trading on Monday, reaching $342.87. The company’s stock had a trading volume of 385,087 shares, compared to its average volume of 1,255,604. Charter Communications has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market cap of $48.76 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 0.46 and a beta of 1.11. The business has a fifty day moving average of $363.28 and a 200 day moving average of $353.12.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the firm posted $7.07 earnings per share. As a group, analysts forecast that Charter Communications will post 36.73 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

Hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. raised its stake in shares of Charter Communications by 12,597.3% in the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after purchasing an additional 247,789 shares in the last quarter. FMR LLC increased its holdings in Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after buying an additional 230,817 shares during the period. Fernbridge Capital Management LP acquired a new position in shares of Charter Communications in the 3rd quarter valued at $48,200,000. Franklin Resources Inc. lifted its holdings in shares of Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of Charter Communications during the 3rd quarter valued at about $244,720,000. 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.