Charter Communications (NASDAQ:CHTR) Upgraded by Raymond James to Market Perform Rating

Raymond James upgraded shares of Charter Communications (NASDAQ:CHTR) from an underperform rating to a market perform rating in a report issued on Monday morning, Marketbeat reports.

A number of other research firms also recently weighed in on CHTR. Morgan Stanley raised their price target on shares of Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. StockNews.com raised shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Thursday, May 1st. BNP Paribas reaffirmed an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Barclays lifted their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, Loop Capital raised shares of Charter Communications from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $430.00 to $510.00 in a report on Monday. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $409.39.

Charter Communications Stock Down 2.0%

CHTR stock opened at $418.63 on Monday. Charter Communications has a twelve month low of $266.06 and a twelve month high of $437.06. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market capitalization of $58.76 billion, a P/E ratio of 11.97, a PEG ratio of 0.44 and a beta of 1.11. The firm has a 50 day simple moving average of $366.92 and a 200-day simple moving average of $366.69.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. During the same period in the previous year, the business posted $7.55 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities research analysts predict that Charter Communications will post 38.16 earnings per share 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 stock. SouthState Corp bought a new stake in shares of Charter Communications during the first quarter valued at about $25,000. Avior Wealth Management LLC raised its position in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after acquiring an additional 45 shares in the last quarter. ST Germain D J Co. Inc. raised its position in Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after acquiring an additional 77 shares in the last quarter. SBI Securities Co. Ltd. raised its position in Charter Communications by 93.2% in the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock worth $31,000 after acquiring an additional 41 shares in the last quarter. Finally, Sierra Ocean LLC bought a new stake in Charter Communications in the fourth quarter worth about $32,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Company Profile

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.