Charter Communications (NASDAQ:CHTR) Stock Rating Upgraded by Bank of America

Charter Communications (NASDAQ:CHTR) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a report issued on Monday, MarketBeat reports. The firm currently has a $450.00 target price on the stock, up from their prior target price of $385.00. Bank of America‘s price target indicates a potential upside of 17.68% from the stock’s previous close.

A number of other equities analysts have also recently commented on CHTR. Deutsche Bank Aktiengesellschaft increased their target price on Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a report on Monday, July 29th. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a report on Wednesday, September 11th. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Wells Fargo & Company raised their price target on shares of Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Monday, July 29th. Finally, Barclays upped their price objective on shares of Charter Communications from $250.00 to $300.00 and gave the company an “underweight” rating in a research note on Monday, July 29th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and a consensus price target of $379.06.

Charter Communications Trading Up 1.7 %

Shares of NASDAQ:CHTR opened at $382.38 on Monday. The firm has a market capitalization of $54.58 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03. The business’s 50 day moving average price is $333.90 and its 200-day moving average price is $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 1 year low of $236.08 and a 1 year high of $422.92.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating 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 business had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter last year, the business earned $8.25 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, equities research analysts forecast that Charter Communications will post 32.51 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

A number of hedge funds and other institutional investors have recently modified their holdings of CHTR. Capital International Investors boosted its stake in Charter Communications by 53.6% during the first quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock worth $3,068,661,000 after buying an additional 3,685,451 shares during the period. Pzena Investment Management LLC boosted its position in shares of Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after purchasing an additional 175,130 shares during the period. Dimensional Fund Advisors LP increased its holdings in Charter Communications by 10.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock valued at $212,998,000 after purchasing an additional 69,959 shares during the last quarter. First Pacific Advisors LP raised its position in Charter Communications by 2.0% in the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock valued at $183,144,000 after purchasing an additional 12,218 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in Charter Communications by 172,425.2% during the second quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock worth $104,188,000 after purchasing an additional 348,299 shares in 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.