Charter Communications (NASDAQ:CHTR) Price Target Raised to $425.00 at UBS Group

Charter Communications (NASDAQ:CHTR) had its price objective hoisted by UBS Group from $400.00 to $425.00 in a research report released on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

CHTR has been the subject of several other reports. Loop Capital upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and raised their price objective for the stock from $430.00 to $510.00 in a research report on Monday, May 19th. Wells Fargo & Company raised their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, April 28th. Wall Street Zen raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st. Sanford C. Bernstein lowered shares of Charter Communications from an “outperform” rating to a “market perform” rating and set a $410.00 target price for the company. in a research note on Monday, June 2nd. Finally, Citigroup increased their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a “buy” rating in a research note on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $410.20.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $377.43 on Wednesday. The firm has a 50-day simple moving average of $384.62 and a 200-day simple moving average of $368.05. The stock has a market capitalization of $52.98 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 0.41 and a beta of 1.07. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. Charter Communications has a 52 week low of $277.10 and a 52 week high of $437.06.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. Charter Communications’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $7.55 earnings per share. On average, equities analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHTR. SouthState Corp acquired a new position in shares of Charter Communications in the 1st quarter valued at $25,000. ST Germain D J Co. Inc. increased its holdings in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock valued at $31,000 after acquiring an additional 77 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company’s stock valued at $31,000 after acquiring an additional 41 shares during the period. Sierra Ocean LLC acquired a new position in shares of Charter Communications in the 4th quarter valued at $32,000. Finally, Strengthening Families & Communities LLC acquired a new position in shares of Charter Communications in the 1st quarter valued at $33,000. Institutional investors and hedge funds 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.