Charter Communications (NASDAQ:CHTR) Price Target Raised to $450.00 at Benchmark

Charter Communications (NASDAQ:CHTR) had its price objective increased by Benchmark from $440.00 to $450.00 in a report released on Tuesday, Benzinga reports. They currently have a buy rating on the stock.

CHTR has been the subject of several other reports. Wells Fargo & Company increased their price target on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday. TD Cowen upped their price target on shares of Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 29th. Rosenblatt Securities raised their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research note on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $379.06.

Charter Communications Stock Performance

Shares of CHTR stock opened at $382.38 on Tuesday. The stock has a market cap of $54.58 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03. The stock has a 50-day moving average of $333.90 and a 200-day moving average of $314.01. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.39. Charter Communications has a one year low of $236.08 and a one year high of $422.92.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period last year, the business posted $8.25 earnings per share. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts expect that Charter Communications will post 32.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CHTR. Reston Wealth Management LLC acquired a new position in shares of Charter Communications in the third quarter valued at $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications in the 3rd quarter valued at about $28,000. 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 worth $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 during the first quarter worth approximately $34,000. Finally, Grove Bank & Trust grew its position in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the last quarter. 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.