Royal Bank of Canada Issues Positive Forecast for Charter Communications (NASDAQ:CHTR) Stock Price

Charter Communications (NASDAQ:CHTR) had its target price increased by stock analysts at Royal Bank of Canada from $380.00 to $385.00 in a report issued on Monday,Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective points to a potential upside of 12.29% from the stock’s current price.

A number of other brokerages have also weighed in on CHTR. Pivotal Research raised their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Morgan Stanley boosted their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, Barclays increased their target price on Charter Communications from $300.00 to $315.00 and gave the stock an “underweight” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $384.16.

Charter Communications Price Performance

CHTR stock traded down $2.62 during midday trading on Monday, reaching $342.87. 385,087 shares of the company’s stock traded hands, compared to its average volume of 1,255,604. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market cap of $48.76 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 0.46 and a beta of 1.11. The company has a 50-day simple moving average of $363.28 and a two-hundred day simple moving average of $353.12. Charter Communications has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the business posted $7.07 EPS. On average, analysts anticipate that Charter Communications will post 36.73 earnings per share for the current year.

Institutional Trading of Charter Communications

Several institutional investors and hedge funds have recently bought and sold shares of CHTR. Assenagon Asset Management S.A. increased its holdings in shares of Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock worth $80,941,000 after acquiring an additional 247,789 shares during the last quarter. FMR LLC raised its holdings in Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares during the period. Fernbridge Capital Management LP acquired a new stake in Charter Communications during the third quarter worth approximately $48,200,000. Franklin Resources Inc. boosted its holdings in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Charter Communications in the third quarter valued at approximately $244,720,000. 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.