Charter Communications (NASDAQ:CHTR) Given New $415.00 Price Target at Morgan Stanley

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

A number of other equities research analysts also recently weighed in on the company. Raymond James downgraded Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Rosenblatt Securities lifted their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Pivotal Research increased their target price on shares of Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a report on Wednesday, September 11th. Finally, Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and upped their price objective for the company from $385.00 to $450.00 in a report on Monday. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $378.47.

Charter Communications Trading Up 2.5 %

NASDAQ:CHTR opened at $375.83 on Monday. Charter Communications has a 52 week low of $236.08 and a 52 week high of $422.92. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.39 and a current ratio of 0.34. The firm’s fifty day moving average is $333.47 and its 200-day moving average is $313.19. The firm has a market cap of $53.65 billion, a P/E ratio of 11.77, a P/E/G ratio of 0.66 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same period last year, the business posted $8.25 EPS. The business’s revenue was up 1.6% compared to the same quarter last year. Equities analysts expect that Charter Communications will post 32.51 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Reston Wealth Management LLC purchased a new stake in Charter Communications in the 3rd quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications during the 3rd quarter worth $28,000. CVA Family Office LLC grew its stake in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of Charter Communications in the first quarter valued at about $34,000. Finally, Grove Bank & Trust lifted its position in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares in the last quarter. Institutional investors 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.