Charter Communications (NASDAQ:CHTR) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Charter Communications (NASDAQ:CHTR) from a hold rating to a buy rating in a report published on Tuesday.

Other equities research analysts also recently issued research reports about the company. Citigroup initiated coverage on Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 target price on the stock. BNP Paribas reaffirmed an “underperform” rating and set a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Wells Fargo & Company dropped their price target on shares of Charter Communications from $400.00 to $380.00 and set an “equal weight” rating for the company in a research report on Monday, April 14th. Royal Bank of Canada upped their price objective on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Finally, Barclays lifted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $387.88.

Charter Communications Stock Performance

NASDAQ CHTR opened at $331.34 on Tuesday. The stock’s 50 day simple moving average is $356.08 and its 200-day simple moving average is $358.22. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $47.03 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. Charter Communications has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the previous year, the business posted $7.07 EPS. As a group, equities research analysts anticipate that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Hedge funds and other institutional investors have recently modified their holdings of the company. Whalen Wealth Management Inc. increased its holdings in Charter Communications by 59.3% in the first quarter. Whalen Wealth Management Inc. now owns 1,107 shares of the company’s stock valued at $408,000 after buying an additional 412 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of Charter Communications during the 1st quarter worth about $991,000. Praxis Investment Management Inc. raised its position in shares of Charter Communications by 13.7% during the 1st quarter. Praxis Investment Management Inc. now owns 1,160 shares of the company’s stock worth $427,000 after acquiring an additional 140 shares in the last quarter. PFG Investments LLC lifted its stake in Charter Communications by 8.6% during the first quarter. PFG Investments LLC now owns 2,146 shares of the company’s stock worth $791,000 after purchasing an additional 170 shares during the last quarter. Finally, Institute for Wealth Management LLC. lifted its stake in Charter Communications by 27.9% during the first quarter. Institute for Wealth Management LLC. now owns 2,035 shares of the company’s stock worth $750,000 after purchasing an additional 444 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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.