Charter Communications (NASDAQ:CHTR) Upgraded at KeyCorp

KeyCorp upgraded shares of Charter Communications (NASDAQ:CHTR) from a sector weight rating to an overweight rating in a research note issued to investors on Thursday, Marketbeat reports. KeyCorp currently has $500.00 target price on the stock.

Several other equities research analysts have also recently issued reports on CHTR. JPMorgan Chase & Co. boosted their target price on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Pivotal Research upped their price objective on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Royal Bank of Canada raised their target price on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Wells Fargo & Company upped their price target on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Price Performance

CHTR stock opened at $379.78 on Thursday. The business’s 50-day moving average is $366.42 and its two-hundred day moving average is $337.71. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a market capitalization of $54.00 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.60 and a beta of 1.08. Charter Communications has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share 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 firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period in the prior year, the firm earned $8.25 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that Charter Communications will post 32.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in CHTR. Oddo BHF Asset Management Sas acquired a new stake in Charter Communications during the 3rd quarter worth approximately $1,345,000. Franklin Resources Inc. lifted 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 purchasing an additional 148,003 shares during the period. Tidal Investments LLC lifted its holdings in shares of Charter Communications by 1.3% during the third quarter. Tidal Investments LLC now owns 17,261 shares of the company’s stock worth $5,594,000 after purchasing an additional 229 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Charter Communications in the 3rd quarter valued at $165,000. Finally, Sanctuary Advisors LLC increased its stake in Charter Communications by 51.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 6,159 shares of the company’s stock valued at $1,996,000 after buying an additional 2,105 shares during the period. Hedge funds and other 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.