Citigroup Begins Coverage on Charter Communications (NASDAQ:CHTR)

Equities research analysts at Citigroup started coverage on shares of Charter Communications (NASDAQ:CHTR) in a research report issued on Friday, MarketBeat Ratings reports. The firm set a “buy” rating and a $425.00 price target on the stock. Citigroup’s price target would suggest a potential upside of 20.91% from the company’s current price.

Several other research analysts have also issued reports on CHTR. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research report on Tuesday, November 26th. Benchmark reaffirmed a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Royal Bank of Canada raised their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $388.37.

Charter Communications Stock Up 1.8 %

Shares of CHTR opened at $351.50 on Friday. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27. The stock has a market capitalization of $49.98 billion, a price-to-earnings ratio of 10.05, a PEG ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a fifty day moving average of $355.59 and a 200-day moving average of $354.72.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business posted $7.07 earnings per share. As a group, sell-side analysts anticipate that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

A number of hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. lifted its position in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after buying an additional 29 shares in the last quarter. Chemistry Wealth Management LLC lifted its position in shares of Charter Communications by 4.8% during the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company’s stock worth $226,000 after buying an additional 30 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Charter Communications by 3.4% during the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company’s stock worth $310,000 after buying an additional 30 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Charter Communications by 4.2% during the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company’s stock worth $254,000 after buying an additional 30 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Charter Communications by 5.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company’s stock worth $213,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

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.