Somewhat Positive Media Coverage Somewhat Unlikely to Affect Charter Communications (CHTR) Stock Price
Media stories about Charter Communications (NASDAQ:CHTR) have trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Charter Communications earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.9784532813324 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- The Zacks Analyst Blog Highlights: Charter Communications, Mondelez, Halliburton, JetBlue, ONEOK and Fujifilm (finance.yahoo.com)
- Charter Communications (CHTR) a Hold at $340.96 (investorplace.com)
- Markets have a short memory and investors are anticipating the next big headline: NYSE trader (finance.yahoo.com)
- Top Stock Reports for Charter Communications, Mondelez & Halliburton (finance.yahoo.com)
- Comcast or Charter: Which Media Stock is Better Positioned? (zacks.com)
Several brokerages have recently commented on CHTR. TheStreet upgraded shares of Charter Communications from a “c” rating to a “b+” rating in a research report on Friday, February 2nd. SunTrust Banks raised their target price on shares of Charter Communications to $440.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Pivotal Research reaffirmed a “buy” rating and set a $500.00 target price (up from $420.00) on shares of Charter Communications in a research note on Monday, February 5th. Buckingham Research started coverage on shares of Charter Communications in a research note on Wednesday, December 13th. They issued a “buy” rating and a $415.00 price objective for the company. Finally, Guggenheim raised shares of Charter Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $407.17.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.01. The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.60 billion. Charter Communications had a net margin of 23.80% and a return on equity of 1.11%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.67 earnings per share. research analysts anticipate that Charter Communications will post 4.32 earnings per share for the current year.
In related news, EVP Jonathan Hargis sold 27,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total value of $9,848,520.00. Following the completion of the sale, the executive vice president now owns 34,931 shares of the company’s stock, valued at $12,741,431.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.56% of the company’s stock.
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About Charter Communications
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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