Charter Communications (NASDAQ:CHTR) Price Target Raised to $400.00 at JPMorgan Chase & Co.

Charter Communications (NASDAQ:CHTR) had its price objective lifted by JPMorgan Chase & Co. from $385.00 to $400.00 in a research report report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

CHTR has been the topic of a number of other reports. Raymond James downgraded shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research note on Monday, September 30th. Citigroup upgraded 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. Pivotal Research increased their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average target price of $379.06.

Charter Communications Stock Down 3.7 %

Shares of Charter Communications stock opened at $393.04 on Monday. Charter Communications has a 1 year low of $236.08 and a 1 year high of $421.16. The company 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 current ratio of 0.34, a quick ratio of 0.39 and a debt-to-equity ratio of 5.24. The stock has a 50-day moving average price of $334.95 and a 200 day moving average price of $314.67.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $13.66 billion. During the same period last year, the company posted $8.25 earnings per share. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts expect that Charter Communications will post 32.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several large investors have recently made changes to their positions in CHTR. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the third quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications during the third quarter worth $28,000. CVA Family Office LLC raised its stake in Charter Communications by 5,500.0% during the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the last quarter. New Covenant Trust Company N.A. bought a new stake in Charter Communications in the 1st quarter valued at $34,000. Finally, Grove Bank & Trust grew its position in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

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.