Charter Communications (NASDAQ:CHTR) had its target price boosted by equities researchers at Pivotal Research from $425.00 to $500.00 in a report released on Friday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Pivotal Research’s price target would indicate a potential upside of 20.68% from the company’s current price.
A number of other research analysts have also recently commented on CHTR. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Royal Bank of Canada raised their price target on shares of PVH to $145.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. Rosenblatt Securities initiated coverage on shares of Charter Communications in a research note on Thursday, June 13th. They set a “buy” rating and a $480.00 price target for the company. BidaskClub upgraded shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday. Finally, UBS Group cut shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $389.73.
Shares of CHTR opened at $414.31 on Friday. The company has a market capitalization of $92.56 billion, a PE ratio of 73.20, a price-to-earnings-growth ratio of 1.34 and a beta of 1.24. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 1.62. Charter Communications has a 12 month low of $271.56 and a 12 month high of $415.14. The business’s 50-day simple moving average is $391.61.
In related news, Director Craig A. Jacobson sold 1,325 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $375.18, for a total value of $497,113.50. Following the completion of the transaction, the director now owns 12,773 shares in the company, valued at approximately $4,792,174.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lance Conn sold 927 shares of the business’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total transaction of $370,800.00. Following the completion of the transaction, the director now owns 9,552 shares of the company’s stock, valued at approximately $3,820,800. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Rational Advisors LLC raised its position in Charter Communications by 230.3% in the 1st quarter. Rational Advisors LLC now owns 109 shares of the company’s stock worth $38,000 after purchasing an additional 76 shares during the last quarter. TCG Advisors LP bought a new position in Charter Communications in the 1st quarter worth approximately $42,000. Huntington National Bank raised its position in Charter Communications by 31.1% in the 1st quarter. Huntington National Bank now owns 135 shares of the company’s stock worth $47,000 after purchasing an additional 32 shares during the last quarter. Sontag Advisory LLC bought a new position in Charter Communications in the 4th quarter worth approximately $46,000. Finally, Massey Quick Simon & CO. LLC raised its position in Charter Communications by 60.2% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 165 shares of the company’s stock worth $57,000 after purchasing an additional 62 shares during the last quarter. Hedge funds and other institutional investors own 71.91% 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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