Charter Communications (NASDAQ:CHTR) PT Raised to $680.00 at TD Securities

Charter Communications (NASDAQ:CHTR – Get Rating) had its target price boosted by TD Securities from $670.00 to $680.00 in a report issued on Tuesday, BayStreet.CA reports. They currently have a buy rating on the stock.

CHTR has been the topic of a number of other reports. Wolfe Research cut their target price on Charter Communications from $582.00 to $515.00 and set an underperform rating on the stock in a research report on Thursday, June 2nd. Rosenblatt Securities initiated coverage on Charter Communications in a research report on Tuesday, April 19th. They issued a buy rating and a $732.00 target price on the stock. Wells Fargo & Company cut their target price on Charter Communications from $603.00 to $393.00 in a research report on Monday, May 2nd. Bank of America downgraded Charter Communications from a buy rating to a neutral rating in a report on Tuesday, May 3rd. Finally, Pivotal Research lowered their price target on Charter Communications from $585.00 to $560.00 in a report on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $644.72.

Charter Communications Stock Performance

Charter Communications stock opened at $462.98 on Tuesday. The stock’s 50 day moving average price is $467.21 and its 200 day moving average price is $518.80. The firm has a market capitalization of $77.71 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.46 and a beta of 0.91. The company has a debt-to-equity ratio of 6.99, a quick ratio of 0.40 and a current ratio of 0.33. Charter Communications has a one year low of $407.75 and a one year high of $825.62.

Charter Communications (NASDAQ:CHTR – Get Rating) last released its quarterly earnings results on Friday, July 29th. The company reported $8.80 EPS for the quarter, topping the consensus estimate of $6.82 by $1.98. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. The firm had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.42 billion. During the same period in the previous year, the company posted $5.29 EPS. Charter Communications’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, sell-side analysts expect that Charter Communications will post 31.12 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Several institutional investors have recently modified their holdings of the company. Landscape Capital Management L.L.C. lifted its holdings in shares of Charter Communications by 148.7% in the second quarter. Landscape Capital Management L.L.C. now owns 1,383 shares of the company’s stock valued at $648,000 after buying an additional 827 shares during the period. Meridian Wealth Management LLC acquired a new stake in shares of Charter Communications in the second quarter valued at $3,670,000. MQS Management LLC acquired a new stake in shares of Charter Communications in the second quarter valued at $442,000. Reaves W H & Co. Inc. lifted its holdings in shares of Charter Communications by 24.9% in the second quarter. Reaves W H & Co. Inc. now owns 159,626 shares of the company’s stock valued at $74,790,000 after buying an additional 31,829 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Charter Communications by 8.2% in the second quarter. M&T Bank Corp now owns 6,872 shares of the company’s stock valued at $2,968,000 after buying an additional 519 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

About Charter Communications

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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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.