Charter Communications (NASDAQ:CHTR) Upgraded at StockNews.com

StockNews.com upgraded shares of Charter Communications (NASDAQ:CHTR) from a hold rating to a buy rating in a research note published on Tuesday morning.

Several other research analysts have also recently commented on CHTR. Benchmark reissued a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a report on Tuesday, November 26th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th. Citigroup started coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 price objective on the stock. Finally, Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $389.39.

Charter Communications Price Performance

CHTR stock opened at $362.58 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $51.56 billion, a PE ratio of 10.37, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications has a 12-month low of $236.08 and a 12-month high of $415.27. The business’s fifty day moving average price is $356.16 and its 200 day moving average price is $354.82.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the previous year, the business posted $7.07 earnings per share. On average, sell-side analysts anticipate that Charter Communications will post 38.16 EPS for the current year.

Institutional Trading of Charter Communications

Hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC lifted its holdings in shares of Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $32,000. Generali Asset Management SPA SGR acquired a new stake in shares of Charter Communications in the 4th quarter valued at approximately $36,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 29 shares during the period. Finally, Wingate Wealth Advisors Inc. purchased a new position in Charter Communications in the 4th quarter valued at approximately $45,000. 81.76% of the stock is owned by institutional investors and hedge funds.

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 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.