Charter Communications’ (CHTR) Buy Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Charter Communications (NASDAQ:CHTR) in a report issued on Friday morning,Benzinga reports. Benchmark currently has a $450.00 target price on the stock.

A number of other research analysts also recently weighed in on the company. Pivotal Research raised their price target on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Barclays raised their target price on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Morgan Stanley upped their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Wells Fargo & Company lifted their price objective on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. Finally, Royal Bank of Canada cut their target price on shares of Charter Communications from $390.00 to $380.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $383.89.

Charter Communications Trading Up 2.6 %

CHTR opened at $345.49 on Friday. Charter Communications has a 1-year low of $236.08 and a 1-year high of $415.27. The firm has a 50-day moving average price of $363.28 and a two-hundred day moving average price of $352.96. The stock has a market capitalization of $49.13 billion, a PE ratio of 10.82, a PEG ratio of 0.47 and a beta of 1.10. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. During the same period in the prior year, the business posted $7.07 EPS. As a group, equities analysts anticipate that Charter Communications will post 34.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its stake in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after purchasing an additional 13,430 shares in the last quarter. FMR LLC boosted its position in shares of Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after buying an additional 230,817 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Charter Communications by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after buying an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP raised its position in Charter Communications by 8.0% in the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after buying an additional 39,334 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

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.