Charter Communications (NASDAQ:CHTR) Rating Increased to Outperform at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Charter Communications (NASDAQ:CHTRFree Report) from a market perform rating to an outperform rating in a research report released on Monday, Marketbeat Ratings reports. They currently have $380.00 price target on the stock.

Several other equities research analysts have also recently issued reports on the company. Wall Street Zen upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. BNP Paribas reissued an “underperform” rating and issued a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Wolfe Research raised shares of Charter Communications from an “underperform” rating to a “peer perform” rating in a research note on Friday, June 20th. UBS Group raised their target price on shares of Charter Communications from $400.00 to $425.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 18th. Finally, Oppenheimer raised shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 target price on the stock in a research note on Friday, May 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Charter Communications has a consensus rating of “Hold” and a consensus price target of $410.59.

Read Our Latest Stock Report on CHTR

Charter Communications Trading Down 0.3%

CHTR stock opened at $279.89 on Monday. The company has a current ratio of 0.33, a quick ratio of 0.36 and a debt-to-equity ratio of 4.57. Charter Communications has a 12-month low of $274.00 and a 12-month high of $437.06. The stock has a market cap of $39.29 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 0.63 and a beta of 1.08. The business’s 50-day moving average is $388.14 and its 200 day moving average is $372.03.

Charter Communications (NASDAQ:CHTRGet Free Report) last posted its quarterly earnings data on Friday, July 25th. The company reported $9.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.06 by ($0.88). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%. The firm had revenue of $13.77 billion during the quarter, compared to analyst estimates of $13.76 billion. During the same quarter in the previous year, the firm posted $8.49 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Several institutional investors have recently made changes to their positions in CHTR. Price T Rowe Associates Inc. MD raised its position in shares of Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after buying an additional 1,126,783 shares during the period. GAMMA Investing LLC raised its position in Charter Communications by 43,296.0% in the first quarter. GAMMA Investing LLC now owns 857,938 shares of the company’s stock valued at $316,176,000 after purchasing an additional 855,961 shares during the period. JPMorgan Chase & Co. raised its position in Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock valued at $851,331,000 after purchasing an additional 806,145 shares during the period. Allianz Asset Management GmbH raised its position in Charter Communications by 48.8% in the second quarter. Allianz Asset Management GmbH now owns 745,271 shares of the company’s stock valued at $304,674,000 after purchasing an additional 244,324 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Charter Communications by 22.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,099,293 shares of the company’s stock valued at $405,118,000 after purchasing an additional 198,444 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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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 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.

Further Reading

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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