Charter Communications (NASDAQ:CHTR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Thursday, Stock Ratings News reports. The firm currently has a $130.40 price objective on the stock. Zacks‘ price objective would indicate a potential upside of 0.75% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Northland Securities initiated coverage on shares of Charter Communications in a research note to investors on Wednesday. They set a “market perform” rating on the stock. Separately, analysts at Northland Capital Partners initiated coverage on shares of Charter Communications in a research note to investors on Wednesday. They set a “market perform” rating and a $146.00 price target on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Charter Communications from $102.00 to $120.00 in a research note to investors on Tuesday. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $123.55.
Charter Communications (NASDAQ:CHTR) traded down 1.31% during mid-day trading on Thursday, hitting $127.74. 471,436 shares of the company’s stock traded hands. Charter Communications has a one year low of $68.44 and a one year high of $144.02. The stock’s 50-day moving average is $132.9 and its 200-day moving average is $126.5. The company’s market cap is $13.302 billion.
Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported ($0.68) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.81. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the company posted ($0.78) earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Charter Communications will post $-1.79 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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