Royal Bank of Canada Increases Charter Communications (NASDAQ:CHTR) Price Target to $385.00

Charter Communications (NASDAQ:CHTR) had its price target boosted by investment analysts at Royal Bank of Canada from $380.00 to $385.00 in a report issued on Monday,Benzinga reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 13.15% from the stock’s current price.

CHTR has been the topic of several other reports. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research note on Thursday, December 12th. Benchmark reaffirmed a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Bank of America upgraded Charter Communications from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $385.00 to $450.00 in a report on Monday, November 4th. BNP Paribas upgraded 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. Finally, Wells Fargo & Company lifted their price target 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. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $384.42.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $340.26 on Monday. The company has a current ratio of 0.31, a quick ratio of 0.34 and a debt-to-equity ratio of 4.73. The stock has a market cap of $48.38 billion, a price-to-earnings ratio of 9.73, a PEG ratio of 0.46 and a beta of 1.11. The company’s 50-day moving average price is $362.42 and its 200 day moving average price is $353.26. 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 (EPS) 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 prior year, the company posted $7.07 earnings per share. As a group, research analysts forecast that Charter Communications will post 36.73 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Reston Wealth Management LLC bought a new position in shares of Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications during the third quarter valued at approximately $28,000. Avior Wealth Management LLC lifted its holdings in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Charter Communications in the 4th quarter worth approximately $32,000. Finally, Grove Bank & Trust increased 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 acquiring an additional 34 shares during the last quarter. Institutional investors 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.