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.
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
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.
- Get a free copy of the StockNews.com research report on Charter Communications (CHTR)
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