Charter Communications (NASDAQ:CHTR) Stock Jumps 5.4% Following Analyst Upgrade

Charter Communications, Inc. (NASDAQ:CHTR – Get Free Report)’s stock price traded up 5.4% during mid-day trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $101.00 to $103.00. Wells Fargo & Company currently has an underweight rating on the stock. Charter Communications traded as high as $127.82 and last traded at $127.72. 1,172,544 shares were traded during trading, a decline of 58% from the average session volume of 2,805,926 shares. The stock had previously closed at $121.20.

Several other equities analysts have also commented on CHTR. Citigroup lowered their price target on shares of Charter Communications from $180.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, November 3rd. BNP Paribas Exane decreased their target price on shares of Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a research report on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Charter Communications in a research report on Wednesday, July 22nd. Morgan Stanley decreased their price objective on Charter Communications from $150.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, September 25th. Finally, TD Cowen lowered their target price on Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $192.82.

Get Our Latest Analysis on Charter Communications

More Charter Communications News

Here are the key news stories impacting Charter Communications this week:

  • Neutral Sentiment: Charter subsidiaries launched cash tender offers for up to $1.5 billion of eight series of notes. The move may help manage debt, though the cash outlay and terms will determine the effect on the balance sheet. Charter Announces Tender Offers for Eight Series of Notes
  • Negative Sentiment: KeyCorp’s published forecasts are well below the stated consensus: it estimates 2026 EPS of $30.58 versus $41.43 consensus and 2027 EPS of $15.09. Those projections could weigh on sentiment if investors view them as a signal of weaker earnings ahead. Charter Communications analyst estimates
  • Negative Sentiment: A report characterizes Charter’s earnings call as signaling a “costly growth reset,” raising concerns about the expense of pursuing growth and potential profitability pressure. Charter Communications Earnings Call Signals Costly Growth Reset
  • Negative Sentiment: Wells Fargo raised its price target from $101 to $103 but maintained an underweight rating, indicating the analyst still sees meaningful downside from the referenced trading level.

Institutional Investors Weigh In On Charter Communications

Several hedge funds and other institutional investors have recently bought and sold shares of CHTR. HighTower Advisors LLC grew its stake in shares of Charter Communications by 3,740.4% in the 3rd quarter. HighTower Advisors LLC now owns 348,558 shares of the company’s stock worth $38,655,000 after purchasing an additional 339,482 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Charter Communications by 4,605.8% in the 3rd quarter. Intech Investment Management LLC now owns 99,245 shares of the company’s stock worth $11,006,000 after purchasing an additional 97,136 shares in the last quarter. Alberta Investment Management Corp acquired a new stake in Charter Communications during the third quarter valued at approximately $11,165,000. West Family Investments Inc. lifted its stake in Charter Communications by 204.6% during the third quarter. West Family Investments Inc. now owns 6,848 shares of the company’s stock valued at $759,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Charter Communications by 894.5% during the third quarter. Bessemer Group Inc. now owns 17,086 shares of the company’s stock worth $1,895,000 after buying an additional 15,368 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Up 5.8%

The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a market capitalization of $15.29 billion, a P/E ratio of 13.26, a PEG ratio of 0.25 and a beta of 0.73. The stock’s fifty day moving average is $120.29 and its two-hundred day moving average is $163.00.

Charter Communications (NASDAQ:CHTR – Get Free Report) last announced its quarterly earnings data on Friday, November 6th. The company reported ($20.50) EPS for the quarter, missing analysts’ consensus estimates of $8.94 by ($29.44). Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The company had revenue of $14.92 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same quarter last year, the company posted $8.34 EPS. Charter Communications’s revenue was up 9.1% on a year-over-year basis. As a group, research analysts predict that Charter Communications, Inc. will post 41.43 earnings per share for the current fiscal year.

About Charter Communications

(Get Free Report)

Charter Communications, Inc provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations.

The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.

Founded in 1993, Charter expanded significantly through its 2016 acquisitions of Time Warner Cable and Bright House Networks, bringing those operations under the Spectrum brand.

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