Charter Communications (NASDAQ:CHTR) Coverage Initiated at Citigroup

Citigroup initiated coverage on shares of Charter Communications (NASDAQ:CHTR) in a report issued on Friday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $425.00 price target on the stock.

A number of other research analysts have also weighed in on CHTR. Benchmark reiterated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Barclays lifted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd. Royal Bank of Canada boosted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. Finally, KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research report on Thursday, December 12th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $388.37.

Charter Communications Trading Up 1.8 %

NASDAQ:CHTR opened at $351.50 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $49.98 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The firm’s 50 day moving average is $355.59 and its 200 day moving average is $354.71. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the business posted $7.07 earnings per share. Sell-side analysts expect that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Trading of Charter Communications

Several hedge funds have recently added to or reduced their stakes in CHTR. Ashton Thomas Securities LLC bought a new stake in Charter Communications in the third quarter worth $28,000. Avior Wealth Management LLC lifted its stake in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the last quarter. Sierra Ocean LLC bought a new stake in Charter Communications in the fourth quarter worth $32,000. Generali Asset Management SPA SGR bought a new stake in Charter Communications in the fourth quarter worth $36,000. Finally, Brown Brothers Harriman & Co. lifted its stake in Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after purchasing an additional 29 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

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.