BidaskClub Upgrades Charter Communications (NASDAQ:CHTR) to “Hold”

Charter Communications (NASDAQ:CHTR) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

A number of other research analysts have also weighed in on CHTR. Citigroup initiated coverage on shares of Charter Communications in a research note on Thursday, June 13th. They issued a “buy” rating and a $480.00 price target on the stock. UBS Group lowered shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. Macquarie initiated coverage on shares of Charter Communications in a research note on Wednesday, June 19th. They issued a “hold” rating and a $390.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of PVH to $145.00 and gave the company an “outperform” rating in a research note on Friday, March 29th. Finally, Rosenblatt Securities initiated coverage on shares of Charter Communications in a research note on Thursday, June 13th. They issued a “buy” rating and a $480.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $389.73.

Charter Communications stock opened at $414.31 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 1.62. Charter Communications has a fifty-two week low of $271.56 and a fifty-two week high of $415.14. The business’s 50 day moving average price is $391.61. The company has a market cap of $91.65 billion, a price-to-earnings ratio of 79.37, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The company had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the previous year, the firm posted $0.70 EPS. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, research analysts anticipate that Charter Communications will post 7.19 EPS for the current fiscal year.

In other news, Director Lance Conn sold 927 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total value of $370,800.00. Following the sale, the director now owns 9,552 shares of the company’s stock, valued at $3,820,800. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Craig A. Jacobson sold 1,325 shares of the business’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $375.18, for a total transaction of $497,113.50. Following the completion of the sale, the director now directly owns 12,773 shares in the company, valued at approximately $4,792,174.14. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

Several hedge funds have recently made changes to their positions in CHTR. Commonwealth Equity Services LLC increased its holdings in Charter Communications by 9.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,036 shares of the company’s stock worth $865,000 after buying an additional 259 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Charter Communications by 12.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,086 shares of the company’s stock worth $1,449,000 after buying an additional 564 shares during the last quarter. Advisor Group Inc. increased its holdings in Charter Communications by 63.9% during the fourth quarter. Advisor Group Inc. now owns 2,287 shares of the company’s stock worth $652,000 after buying an additional 892 shares during the last quarter. Bessemer Group Inc. increased its holdings in Charter Communications by 24.0% during the fourth quarter. Bessemer Group Inc. now owns 786 shares of the company’s stock worth $225,000 after buying an additional 152 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in Charter Communications by 23.9% during the fourth quarter. Stifel Financial Corp now owns 10,553 shares of the company’s stock worth $3,073,000 after buying an additional 2,039 shares during the last quarter. 71.91% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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