Charter Communications (NASDAQ:CHTR) Announces Earnings Results

Charter Communications (NASDAQ:CHTR) posted its earnings results on Friday. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.14 by $0.96, RTT News reports. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. During the same period last year, the business posted $7.07 earnings per share.

Charter Communications Price Performance

NASDAQ CHTR traded up $13.12 on Friday, reaching $349.74. 1,380,967 shares of the company’s stock traded hands, compared to its average volume of 1,227,768. The stock has a market cap of $49.73 billion, a PE ratio of 10.96, a P/E/G ratio of 0.47 and a beta of 1.10. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27. The stock has a 50-day simple moving average of $364.14 and a 200 day simple moving average of $352.64.

Analysts Set New Price Targets

Several equities research analysts have commented on CHTR shares. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research note on Thursday, December 12th. Wells Fargo & Company lifted their price target on shares of Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. Finally, Pivotal Research raised their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Charter Communications has an average rating of “Hold” and an average target price of $383.89.

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.