Charter Communications (NASDAQ:CHTR) Given New $525.00 Price Target at Pivotal Research

Charter Communications (NASDAQ:CHTR) had its price objective lifted by equities researchers at Pivotal Research from $435.00 to $525.00 in a report released on Monday, Briefing.com reports. The brokerage currently has a “buy” rating on the stock. Pivotal Research’s price objective would indicate a potential upside of 43.25% from the company’s previous close.

CHTR has been the topic of several other research reports. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a report on Wednesday, September 11th. Wells Fargo & Company boosted their price target on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Barclays raised their price target on shares of Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $385.00 to $450.00 in a research note on Monday. Finally, TD Cowen lifted their price target on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Charter Communications currently has a consensus rating of “Hold” and a consensus price target of $369.65.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $366.49 on Monday. The firm has a market capitalization of $52.31 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.59 and a beta of 1.03. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 5.84. The stock’s 50-day simple moving average is $333.06 and its 200 day simple moving average is $312.37. Charter Communications has a twelve month low of $236.08 and a twelve month high of $424.86.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm earned $8.25 earnings per share. On average, analysts anticipate that Charter Communications will post 32.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several hedge funds have recently made changes to their positions in the company. Reston Wealth Management LLC purchased a new position in shares of Charter Communications in the 3rd quarter valued at $26,000. CVA Family Office LLC lifted its position in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after acquiring an additional 110 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in Charter Communications in the first quarter valued at approximately $34,000. Grove Bank & Trust increased its position in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

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.