Charter Communications Inc (NASDAQ:CHTR) Receives $397.33 Consensus PT from Brokerages
Charter Communications Inc (NASDAQ:CHTR) has received a consensus rating of “Buy” from the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $397.33.
Several equities research analysts have recently commented on CHTR shares. Rosenblatt Securities started coverage on shares of Charter Communications in a research report on Thursday, June 13th. They set a “buy” rating and a $480.00 price target for the company. Morgan Stanley increased their target price on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Citigroup started coverage on shares of Charter Communications in a report on Thursday, June 13th. They issued a “buy” rating and a $480.00 target price for the company. Macquarie started coverage on shares of Charter Communications in a report on Wednesday, June 19th. They issued a “hold” rating and a $390.00 target price for the company. Finally, TD Securities reduced their target price on shares of Kinder Morgan Canada from C$14.50 to C$12.50 and set a “hold” rating for the company in a report on Thursday, July 18th.
In other Charter Communications news, Director Craig A. Jacobson sold 1,325 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the completion of the transaction, the director now directly owns 12,773 shares in the company, valued at approximately $4,792,174.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance Conn sold 927 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total value of $370,800.00. Following the completion of the transaction, the director now owns 9,552 shares of the company’s stock, valued at $3,820,800. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.
Shares of NASDAQ CHTR traded down $6.71 during midday trading on Tuesday, hitting $398.79. 1,608,343 shares of the company’s stock traded hands, compared to its average volume of 784,320. Charter Communications has a 1 year low of $272.91 and a 1 year high of $417.13. The stock has a market capitalization of $89.09 billion, a PE ratio of 76.40, a price-to-earnings-growth ratio of 1.30 and a beta of 1.24. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31. The company has a fifty day moving average price of $400.38.
Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.40). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.40 billion. During the same period in the previous year, the company earned $1.15 EPS. Charter Communications’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts predict that Charter Communications will post 7.1 EPS for the current year.
Charter Communications Company Profile
Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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