Charter Communications (CHTR) Upgraded by ValuEngine to “Buy”

ValuEngine upgraded shares of Charter Communications (NASDAQ:CHTR) from a hold rating to a buy rating in a report released on Tuesday, ValuEngine reports.

A number of other equities analysts have also recently weighed in on the stock. TD Securities upped their price target on shares of Charter Communications from $385.00 to $405.00 and gave the stock a buy rating in a research note on Friday, February 1st. Nomura started coverage on shares of Charter Communications in a research note on Wednesday, January 16th. They set a neutral rating and a $330.00 price target on the stock. Royal Bank of Canada set a $400.00 price target on shares of Charter Communications and gave the stock a buy rating in a research note on Saturday, February 2nd. Citigroup upped their price target on shares of Charter Communications from $390.00 to $427.00 and gave the stock a buy rating in a research note on Monday, May 6th. Finally, BidaskClub raised shares of Charter Communications from a sell rating to a hold rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $365.88.

Shares of CHTR opened at $386.41 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications has a 1 year low of $259.48 and a 1 year high of $387.41. The firm has a market capitalization of $85.38 billion, a price-to-earnings ratio of 74.02, a PEG ratio of 1.20 and a beta of 1.40.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The company had revenue of $11.21 billion for the quarter, compared to analyst estimates of $11.20 billion. During the same period last year, the company earned $0.70 earnings per share. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that Charter Communications will post 7.4 EPS for the current year.

In related news, Director John D. Markley, Jr. sold 1,000 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $350.09, for a total value of $350,090.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Richard R. Dykhouse sold 2,019 shares of the business’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $348.83, for a total transaction of $704,287.77. Following the completion of the sale, the executive vice president now owns 9,880 shares in the company, valued at $3,446,440.40. The disclosure for this sale can be found here. Insiders sold a total of 4,344 shares of company stock worth $1,551,491 over the last quarter. Insiders own 0.84% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Asset Dedication LLC lifted its holdings in Charter Communications by 5.5% in the 1st quarter. Asset Dedication LLC now owns 534 shares of the company’s stock valued at $183,000 after purchasing an additional 28 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Charter Communications by 8.6% in the 1st quarter. Lindbrook Capital LLC now owns 353 shares of the company’s stock valued at $122,000 after purchasing an additional 28 shares in the last quarter. Connable Office Inc. lifted its holdings in Charter Communications by 0.7% in the 1st quarter. Connable Office Inc. now owns 4,426 shares of the company’s stock valued at $1,535,000 after purchasing an additional 30 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in Charter Communications by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 4,927 shares of the company’s stock valued at $1,404,000 after purchasing an additional 31 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Charter Communications by 31.1% in the 1st quarter. Huntington National Bank now owns 135 shares of the company’s stock valued at $47,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 74.48% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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