Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, Barclays Analyst Says

Charter Communications (NASDAQ:CHTR) had its price objective upped by research analysts at Barclays from $315.00 to $320.00 in a report issued on Monday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Barclays‘s target price indicates a potential downside of 5.95% from the company’s previous close.

Other analysts have also issued research reports about the company. KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price target on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Pivotal Research increased their price target on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Finally, Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $385.00 to $450.00 in a report on Monday, November 4th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Charter Communications has an average rating of “Hold” and an average target price of $384.42.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $340.26 on Monday. The firm has a fifty day simple moving average of $362.42 and a two-hundred day simple moving average of $353.26. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market capitalization of $48.38 billion, a P/E ratio of 9.73, a PEG ratio of 0.46 and a beta of 1.11. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter in the previous year, the company earned $7.07 EPS. On average, analysts expect that Charter Communications will post 36.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in CHTR. Assenagon Asset Management S.A. grew its stake in Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after purchasing an additional 247,789 shares during the last quarter. FMR LLC raised its holdings in Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after purchasing an additional 230,817 shares during the period. Fernbridge Capital Management LP purchased a new position in Charter Communications during the third quarter worth approximately $48,200,000. Franklin Resources Inc. boosted its position in Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Charter Communications in the third quarter valued at approximately $244,720,000. 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.