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

Charter Communications (NASDAQ:CHTR) was upgraded by equities researchers at Raymond James from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday,Briefing.com Automated Import reports.

Several other equities analysts have also weighed in on the stock. Morgan Stanley upped their price objective on shares of Charter Communications from $385.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, April 28th. Oppenheimer upgraded shares of Charter Communications from a “market perform” rating to an “outperform” rating and set a $500.00 price objective on the stock in a report on Friday. Barclays upped their price objective on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd. Wells Fargo & Company upped their target price on shares of Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Finally, Royal Bank of Canada upped their target price on shares of Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a report on Monday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Charter Communications currently has an average rating of “Hold” and a consensus target price of $409.39.

Charter Communications Stock Up 1.8%

Shares of NASDAQ:CHTR opened at $427.25 on Monday. The company has a fifty day moving average of $365.54 and a 200-day moving average of $366.33. The company has a market capitalization of $59.97 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications has a 52-week low of $266.06 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data 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). The company had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $7.55 earnings per share. On average, equities analysts predict that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Hedge funds and other institutional investors have recently bought and sold shares of the business. SouthState Corp purchased a new stake in Charter Communications in the first quarter worth about $25,000. Avior Wealth Management LLC grew its holdings 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 purchasing an additional 45 shares during the period. ST Germain D J Co. Inc. grew its holdings 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 purchasing an additional 77 shares during the period. SBI Securities Co. Ltd. grew its holdings 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 purchasing an additional 41 shares during the period. Finally, Sierra Ocean LLC bought a new position in shares of Charter Communications in the fourth quarter worth approximately $32,000. Hedge funds and other institutional investors 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.