Morgan Stanley Raises Charter Communications (NASDAQ:CHTR) Price Target to $415.00

Charter Communications (NASDAQ:CHTR) had its price target raised by Morgan Stanley from $360.00 to $415.00 in a research note released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts also recently issued reports about the stock. Royal Bank of Canada started coverage on shares of Charter Communications in a research note on Thursday, September 19th. They set a “sector perform” rating and a $345.00 price objective for the company. Raymond James downgraded Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Pivotal Research upped their price objective on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Wells Fargo & Company raised their target price on shares of Charter Communications from $260.00 to $350.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Finally, Rosenblatt Securities upped their price target on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $379.06.

Charter Communications Stock Down 3.7 %

Shares of Charter Communications stock opened at $393.04 on Monday. The firm has a market cap of $56.10 billion, a PE ratio of 12.31, a P/E/G ratio of 0.68 and a beta of 1.03. The business’s 50 day simple moving average is $334.95 and its 200 day simple moving average is $314.67. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.39 and a current ratio of 0.34. Charter Communications has a 52-week low of $236.08 and a 52-week high of $421.16.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same quarter in the previous year, the firm posted $8.25 earnings per share. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts predict that Charter Communications will post 32.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors have recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in shares of Charter Communications in the third quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the 3rd quarter worth about $28,000. CVA Family Office LLC boosted its holdings in Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock valued at $33,000 after purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. acquired a new position in shares of Charter Communications during the 1st quarter worth approximately $34,000. Finally, Grove Bank & Trust increased its holdings in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the period. 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.