Charter Communications (NASDAQ:CHTR) Price Target Raised to $415.00 at Morgan Stanley

Charter Communications (NASDAQ:CHTR) had its price objective upped by Morgan Stanley from $360.00 to $415.00 in a report issued on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts have also recently commented on CHTR. Rosenblatt Securities boosted their price target on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. JPMorgan Chase & Co. increased their target price on shares of Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Barclays lifted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the company from $385.00 to $450.00 in a research note on Monday. Finally, Royal Bank of Canada assumed coverage on shares of Charter Communications in a research report on Thursday, September 19th. They issued a “sector perform” rating and a $345.00 target price on the stock. Four 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $379.06.

Charter Communications Price Performance

CHTR stock opened at $393.04 on Monday. The company’s 50-day moving average price is $334.95 and its two-hundred day moving average price is $314.67. The firm has a market cap of $56.10 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.68 and a beta of 1.03. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications has a 12 month low of $236.08 and a 12 month high of $421.16.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $13.66 billion. During the same period last year, the firm posted $8.25 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, analysts anticipate that Charter Communications will post 32.49 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications during the third quarter worth $28,000. CVA Family Office LLC lifted its holdings in Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after buying an additional 110 shares during the period. New Covenant Trust Company N.A. bought a new stake in Charter Communications during the first quarter valued at $34,000. Finally, Grove Bank & Trust grew its holdings in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Company Profile

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.