Wells Fargo & Company Increases Charter Communications (NASDAQ:CHTR) Price Target to $400.00

Charter Communications (NASDAQ:CHTR) had its price objective increased by investment analysts at Wells Fargo & Company from $350.00 to $400.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 4.61% from the company’s previous close.

A number of other equities research analysts have also issued reports on CHTR. Royal Bank of Canada initiated coverage on shares of Charter Communications in a research note on Thursday, September 19th. They set a “sector perform” rating and a $345.00 target price for the company. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Morgan Stanley lifted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday. Rosenblatt Securities lifted their price objective on shares of Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Finally, Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and a consensus price target of $379.06.

Charter Communications Trading Up 1.7 %

NASDAQ CHTR opened at $382.38 on Monday. Charter Communications has a twelve month low of $236.08 and a twelve month high of $422.92. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.39 and a current ratio of 0.34. The stock has a market cap of $54.58 billion, a price-to-earnings ratio of 11.98, a PEG ratio of 0.66 and a beta of 1.03. The firm’s 50 day moving average price is $333.90 and its two-hundred day moving average price is $314.01.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Savant Capital LLC raised its stake in Charter Communications by 1.7% in the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after buying an additional 31 shares during the period. US Bancorp DE increased its stake in shares of Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after purchasing an additional 31 shares during the period. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Charter Communications by 3.1% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after purchasing an additional 32 shares in the last quarter. Grove Bank & Trust boosted its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares in the last quarter. Finally, CVA Family Office LLC boosted its holdings in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after acquiring an additional 35 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

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.