Charter Communications (NASDAQ:CHTR) Raised to “Buy” at Bank of America

Bank of America upgraded shares of Charter Communications (NASDAQ:CHTR) from a neutral rating to a buy rating in a research note issued to investors on Monday, Marketbeat.com reports. The firm currently has $450.00 target price on the stock, up from their prior target price of $385.00.

A number of other research analysts have also recently weighed in on CHTR. Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft boosted their target price on Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a report on Monday, July 29th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a report on Wednesday, September 11th. 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 price objective for the company. Finally, Pivotal Research raised their target price on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $379.06.

Charter Communications Trading Down 3.7 %

NASDAQ CHTR opened at $393.04 on Monday. The company has a market cap of $56.10 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.68 and a beta of 1.03. Charter Communications has a 12 month low of $236.08 and a 12 month high of $421.16. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.39. The company has a 50-day moving average of $334.95 and a 200-day moving average of $314.67.

Charter Communications (NASDAQ:CHTR) last released 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 firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.25 earnings per share. As a group, equities analysts predict that Charter Communications will post 32.49 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

Hedge funds have recently bought and sold shares of the business. Norden Group LLC acquired a new stake in shares of Charter Communications during the first quarter worth approximately $828,000. Private Advisor Group LLC increased its position in shares of Charter Communications by 31.2% in the 1st quarter. Private Advisor Group LLC now owns 6,301 shares of the company’s stock worth $1,831,000 after purchasing an additional 1,500 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Charter Communications by 23.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,614 shares of the company’s stock worth $2,213,000 after purchasing an additional 1,437 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Charter Communications by 9.1% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,403 shares of the company’s stock valued at $698,000 after purchasing an additional 200 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in shares of Charter Communications during the first quarter worth about $90,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Company Profile

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.