Charter Communications (NASDAQ:CHTR) Earns Buy Rating from Benchmark

Benchmark reaffirmed their buy rating on shares of Charter Communications (NASDAQ:CHTR) in a report issued on Friday,Benzinga reports. The firm currently has a $450.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Royal Bank of Canada reduced their price target on Charter Communications from $390.00 to $380.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. Finally, Morgan Stanley upped their price objective on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $383.89.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $345.49 on Friday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. Charter Communications has a one year low of $236.08 and a one year high of $415.27. The company has a 50-day simple moving average of $363.28 and a 200-day simple moving average of $352.78. The stock has a market capitalization of $49.13 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.47 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. During the same quarter in the previous year, the business posted $7.07 earnings per share. On average, analysts predict that Charter Communications will post 34.62 EPS for the current year.

Institutional Trading of Charter Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications during the 3rd quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new position in shares of Charter Communications during the third quarter valued at approximately $28,000. Avior Wealth Management LLC boosted its position in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares during the last quarter. Sierra Ocean LLC purchased a new stake in Charter Communications in the 4th quarter worth approximately $32,000. Finally, Grove Bank & Trust raised its holdings in Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares during the last quarter. Hedge funds and other institutional investors 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.