Charter Communications (NASDAQ:CHTR) Upgraded to Neutral by Citigroup

Charter Communications (NASDAQ:CHTR) was upgraded by Citigroup from a “sell” rating to a “neutral” rating in a note issued to investors on Wednesday, Briefing.com reports. The brokerage presently has a $350.00 price target on the stock. Citigroup’s price objective would indicate a potential upside of 8.23% from the stock’s current price.

Other research analysts have also recently issued reports about the stock. Morgan Stanley raised their target price on shares of Charter Communications from $330.00 to $360.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. JPMorgan Chase & Co. increased their target price on Charter Communications from $300.00 to $385.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Finally, TD Cowen increased their price objective on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $360.93.

Charter Communications Stock Down 0.4 %

CHTR stock opened at $323.39 on Wednesday. The firm has a market cap of $46.16 billion, a PE ratio of 10.46, a P/E/G ratio of 0.61 and a beta of 1.05. Charter Communications has a 12 month low of $236.08 and a 12 month high of $458.30. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $338.95 and a 200 day simple moving average of $299.70.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $8.49 EPS for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same period in the prior year, the business posted $8.05 earnings per share. Charter Communications’s revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that Charter Communications will post 32.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several institutional investors and hedge funds have recently modified their holdings of CHTR. Savant Capital LLC lifted its holdings in Charter Communications by 1.7% in the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock worth $556,000 after purchasing an additional 31 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of Charter Communications by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after purchasing an additional 32 shares during the period. Deseret Mutual Benefit Administrators lifted its stake in shares of Charter Communications by 3.1% in the second quarter. Deseret Mutual Benefit Administrators now owns 1,215 shares of the company’s stock worth $363,000 after buying an additional 36 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Charter Communications by 9.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 423 shares of the company’s stock worth $126,000 after buying an additional 37 shares during the period. Finally, PFG Investments LLC boosted its holdings in shares of Charter Communications by 2.1% during the 2nd quarter. PFG Investments LLC now owns 1,926 shares of the company’s stock worth $576,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Company Profile

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.