Charter Communications (NASDAQ:CHTR) Upgraded to “Buy” at StockNews.com

Charter Communications (NASDAQ:CHTR) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

CHTR has been the subject of several other research reports. Royal Bank of Canada upped their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research report on Thursday, December 12th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a report on Tuesday, November 26th. Benchmark reaffirmed a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Finally, Barclays boosted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $389.39.

Charter Communications Trading Down 0.4 %

NASDAQ:CHTR opened at $353.02 on Tuesday. Charter Communications has a one year low of $236.08 and a one year high of $415.27. The business has a fifty day moving average price of $355.90 and a 200-day moving average price of $354.77. The firm has a market capitalization of $50.20 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company earned $7.07 EPS. Sell-side analysts forecast that Charter Communications will post 38.16 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Several large investors have recently added to or reduced their stakes in CHTR. Atria Investments Inc increased its position in shares of Charter Communications by 46.3% during the 3rd quarter. Atria Investments Inc now owns 1,121 shares of the company’s stock valued at $363,000 after purchasing an additional 355 shares during the last quarter. Natixis Advisors LLC increased its position in Charter Communications by 13.8% during the third quarter. Natixis Advisors LLC now owns 35,529 shares of the company’s stock valued at $11,515,000 after acquiring an additional 4,302 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Charter Communications by 146.3% in the third quarter. Thrivent Financial for Lutherans now owns 9,734 shares of the company’s stock valued at $3,154,000 after acquiring an additional 5,782 shares during the period. AMG National Trust Bank bought a new stake in shares of Charter Communications in the 3rd quarter worth about $1,111,000. Finally, Quest Partners LLC purchased a new position in shares of Charter Communications during the 3rd quarter worth about $616,000. 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.