Charter Communications (NASDAQ:CHTR) Upgraded at Zacks Research

Zacks Research upgraded shares of Charter Communications (NASDAQ:CHTR) from a strong sell rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

CHTR has been the subject of several other research reports. Williams Trading set a $437.00 price target on shares of Charter Communications in a research report on Monday, February 2nd. Royal Bank Of Canada cut their target price on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. New Street Research lowered their price target on Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. TD Cowen lifted their price objective on Charter Communications from $428.00 to $437.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, BNP Paribas Exane set a $160.00 target price on Charter Communications in a report on Tuesday, January 27th. Six analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $335.67.

Charter Communications Trading Up 0.9%

NASDAQ CHTR opened at $239.14 on Monday. The stock has a 50-day moving average of $210.14 and a 200-day moving average of $233.11. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications has a 1-year low of $180.38 and a 1-year high of $437.06. The firm has a market cap of $30.28 billion, a PE ratio of 6.59, a price-to-earnings-growth ratio of 0.37 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.Charter Communications’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm earned $10.10 earnings per share. As a group, sell-side analysts forecast that Charter Communications will post 38.16 EPS for the current year.

Institutional Trading of Charter Communications

A number of hedge funds have recently modified their holdings of CHTR. Atlantic Union Bankshares Corp purchased a new position in Charter Communications during the 2nd quarter valued at about $25,000. Quarry LP increased its stake in shares of Charter Communications by 153.2% during the fourth quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Charter Communications in the 4th quarter worth approximately $25,000. DV Equities LLC bought a new position in Charter Communications in the 4th quarter valued at approximately $25,000. Finally, Webster Bank N. A. purchased a new stake in Charter Communications during the 3rd quarter valued at $28,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.