Charter Communications (NASDAQ:CHTR) Given “Buy” Rating at Benchmark

Benchmark reissued their buy rating on shares of Charter Communications (NASDAQ:CHTR) in a report issued on Friday morning,Benzinga reports. They currently have a $450.00 target price on the stock.

A number of other equities analysts have also recently weighed in on the stock. Pivotal Research increased their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft increased their target price on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company lifted their target price on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Barclays increased their price target on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” 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 six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $383.89.

Charter Communications Price Performance

CHTR stock opened at $345.49 on Friday. Charter Communications has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a market cap of $49.13 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 0.47 and a beta of 1.10. The business has a fifty day moving average of $363.28 and a two-hundred day moving average of $352.78.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. During the same quarter in the prior year, the business posted $7.07 earnings per share. As a group, research analysts anticipate that Charter Communications will post 34.62 earnings per share for the current year.

Institutional Trading of Charter Communications

Hedge funds and other institutional investors have recently bought and sold shares of the business. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new position in Charter Communications in the third quarter valued at approximately $28,000. Avior Wealth Management LLC increased its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Charter Communications during the fourth quarter worth approximately $32,000. Finally, Grove Bank & Trust lifted its position 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. 81.76% of the stock is currently 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.