Charter Communications (NASDAQ:CHTR) Upgraded to “Buy” at StockNews.com

Charter Communications (NASDAQ:CHTR) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

CHTR has been the topic of several other reports. Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Citigroup assumed coverage on Charter Communications in a research report on Friday. They set a “buy” rating and a $425.00 price target on the stock. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Royal Bank of Canada lifted their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, 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. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $388.37.

Charter Communications Stock Performance

Charter Communications stock traded up $0.37 during mid-day trading on Tuesday, hitting $354.45. 1,094,251 shares of the company’s stock traded hands, compared to its average volume of 1,199,067. Charter Communications has a one year low of $236.08 and a one year high of $415.27. The company has a market cap of $50.40 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The firm has a 50 day moving average price of $355.82 and a 200 day moving average price of $354.78. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $7.07 EPS. On average, equities analysts forecast that Charter Communications will post 38.16 EPS for the current year.

Institutional Trading of Charter Communications

Several hedge funds and other institutional investors have recently modified their holdings of CHTR. Norges Bank acquired a new stake in shares of Charter Communications in the fourth quarter worth $1,032,236,000. Price T Rowe Associates Inc. MD boosted its position in Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after purchasing an additional 1,126,783 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after purchasing an additional 609,554 shares during the last quarter. FMR LLC boosted its position in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after purchasing an additional 230,817 shares during the last quarter. Finally, LSV Asset Management boosted its position in Charter Communications by 8,343.1% during the fourth quarter. LSV Asset Management now owns 177,305 shares of the company’s stock valued at $60,775,000 after purchasing an additional 175,205 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

About Charter Communications

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.