Charter Communications, Inc. (NASDAQ:CHTR – Free Report) – Equities research analysts at KeyCorp lifted their FY2023 EPS estimates for shares of Charter Communications in a research note issued on Sunday, October 29th. KeyCorp analyst B. Nispel now expects that the company will earn $30.91 per share for the year, up from their previous estimate of $29.78. The consensus estimate for Charter Communications’ current full-year earnings is $31.06 per share. KeyCorp also issued estimates for Charter Communications’ Q2 2024 earnings at $8.17 EPS.
A number of other brokerages have also commented on CHTR. Wells Fargo & Company raised shares of Charter Communications from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $450.00 to $550.00 in a report on Friday, September 22nd. Loop Capital increased their price objective on shares of Charter Communications from $390.00 to $405.00 and gave the stock a “hold” rating in a report on Monday, July 31st. Wolfe Research raised shares of Charter Communications from a “peer perform” rating to an “outperform” rating and set a $565.00 price objective on the stock in a report on Wednesday, August 2nd. Sanford C. Bernstein assumed coverage on shares of Charter Communications in a report on Thursday, October 5th. They set a “market perform” rating and a $463.00 price objective on the stock. Finally, Citigroup raised their target price on shares of Charter Communications from $425.00 to $480.00 and gave the company a “neutral” rating in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Charter Communications currently has an average rating of “Moderate Buy” and an average target price of $503.91.
Charter Communications Stock Up 3.3 %
Shares of NASDAQ:CHTR opened at $402.80 on Tuesday. Charter Communications has a 12 month low of $302.21 and a 12 month high of $458.30. The company’s 50-day moving average price is $432.84 and its two-hundred day moving average price is $388.33. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 6.50. The firm has a market cap of $60.29 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.64 and a beta of 1.10.
Charter Communications (NASDAQ:CHTR – Get Free Report) last posted its earnings results on Friday, October 27th. The company reported $8.25 earnings per share for the quarter, topping the consensus estimate of $7.73 by $0.52. Charter Communications had a net margin of 8.60% and a return on equity of 34.63%. The business had revenue of $13.58 billion for the quarter, compared to analyst estimates of $13.64 billion. During the same quarter in the prior year, the firm earned $7.38 EPS. The firm’s quarterly revenue was up .3% compared to the same quarter last year.
Institutional Trading of Charter Communications
A number of hedge funds and other institutional investors have recently bought and sold shares of CHTR. Dodge & Cox increased its holdings in Charter Communications by 2.5% during the 1st quarter. Dodge & Cox now owns 8,683,257 shares of the company’s stock worth $3,105,220,000 after purchasing an additional 211,744 shares during the period. State Street Corp lifted its holdings in shares of Charter Communications by 3.5% during the 2nd quarter. State Street Corp now owns 5,390,836 shares of the company’s stock valued at $1,980,431,000 after purchasing an additional 180,671 shares during the last quarter. Veritas Asset Management LLP lifted its holdings in shares of Charter Communications by 14.2% during the 1st quarter. Veritas Asset Management LLP now owns 2,854,540 shares of the company’s stock valued at $1,020,812,000 after purchasing an additional 354,807 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,004,249 shares of the company’s stock valued at $734,230,000 after purchasing an additional 16,844 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Charter Communications by 1.5% during the 2nd quarter. Franklin Resources Inc. now owns 1,524,256 shares of the company’s stock valued at $559,966,000 after purchasing an additional 22,682 shares during the last quarter. Hedge funds and other institutional investors own 93.84% 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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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.
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