Charter Communications (NASDAQ:CHTR)‘s stock had its “hold” rating restated by equities research analysts at Jefferies Group in a research note issued to investors on Thursday, Stock Ratings Network reports. They currently have a $140.00 target price on the stock, up from their previous target price of $110.00. Jefferies Group’s price target indicates a potential upside of 8.00% from the company’s current price.
The analysts wrote, “In our view, solid 2Q results continue to demonstrate the ability of CHTR management to improve operations. Additionally, the company could be at the center of M&A activity in the cable industry, with John Malone referring to the company as “a horizontal acquisition machine”. Our price target goes to $140 (from $110).”
Several other analysts have also recently commented on the stock. Analysts at Barclays Capital initiated coverage on shares of Charter Communications in a research note to investors on Wednesday, July 31st. They set an “equal weight” rating and a $136.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Charter Communications in a research note to investors on Tuesday, July 23rd. They set an “outperform” rating and a $147.00 price target on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, July 12th.
Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $112.07.
Shares of Charter Communications (NASDAQ:CHTR) traded down 1.15% during mid-day trading on Thursday, hitting $128.14. Charter Communications has a 52 week low of $67.06 and a 52 week high of $137.29. The stock’s 50-day moving average is currently $124.9. The company’s market cap is $12.974 billion.
Charter Communications (NASDAQ:CHTR) last released its earnings data on Tuesday, August 6th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $1.32. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the previous year, the company posted ($0.84) earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, analysts predict that Charter Communications will post $0.77 earnings per share for the current fiscal year.
Charter Communications, Inc (NASDAQ:CHTR) provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers.
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