Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Charter Communications (NASDAQ:CHTR) had its price target increased by research analysts at JPMorgan Chase & Co. from $385.00 to $400.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 4.61% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Royal Bank of Canada initiated coverage on Charter Communications in a report on Thursday, September 19th. They set a “sector perform” rating and a $345.00 target price for the company. Barclays lifted their target price on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday. TD Cowen lifted their target price on Charter Communications from $488.00 to $525.00 and gave the company a “buy” rating in a report on Monday, July 29th. Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target for the company. in a research report on Monday, September 30th. Finally, Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target for the company in a research report on Wednesday, September 11th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $379.06.

Charter Communications Stock Up 1.7 %

Shares of NASDAQ CHTR opened at $382.38 on Monday. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market cap of $54.58 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.66 and a beta of 1.03. Charter Communications has a 52 week low of $236.08 and a 52 week high of $422.92. The business has a 50-day simple moving average of $333.90 and a two-hundred day simple moving average of $314.01.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.25 EPS. Research analysts anticipate that Charter Communications will post 32.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Hedge funds have recently made changes to their positions in the business. Reston Wealth Management LLC purchased a new position in shares of Charter Communications during the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications in the third quarter worth $28,000. CVA Family Office LLC boosted its holdings in Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after acquiring an additional 110 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in Charter Communications in the first quarter worth $34,000. Finally, Grove Bank & Trust boosted its holdings in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after acquiring an additional 34 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.