Charter Communications (NASDAQ:CHTR) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Charter Communications (NASDAQ:CHTR) from a hold rating to a buy rating in a research note released on Tuesday morning.

Several other research firms have also recently issued reports on CHTR. KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a research note on Thursday, December 12th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target for the company in a research note on Tuesday, November 26th. Barclays lifted their price target on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Citigroup started coverage on shares of Charter Communications in a research report on Friday, March 14th. They issued a “buy” rating and a $425.00 price target on the stock. Finally, Royal Bank of Canada upped their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $389.39.

Charter Communications Trading Up 0.1 %

CHTR opened at $354.45 on Tuesday. The stock has a market capitalization of $50.40 billion, a PE ratio of 10.14, a P/E/G ratio of 0.44 and a beta of 1.13. The firm’s fifty day moving average price is $355.82 and its 200 day moving average price is $354.78. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior year, the company posted $7.07 EPS. As a group, research analysts expect that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Atria Investments Inc boosted its holdings in Charter Communications by 46.3% in the third quarter. Atria Investments Inc now owns 1,121 shares of the company’s stock worth $363,000 after purchasing an additional 355 shares in the last quarter. Natixis Advisors LLC raised its holdings in Charter Communications by 13.8% in the 3rd quarter. Natixis Advisors LLC now owns 35,529 shares of the company’s stock worth $11,515,000 after acquiring an additional 4,302 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Charter Communications by 146.3% during the third quarter. Thrivent Financial for Lutherans now owns 9,734 shares of the company’s stock valued at $3,154,000 after acquiring an additional 5,782 shares during the period. AMG National Trust Bank bought a new stake in Charter Communications during the third quarter valued at about $1,111,000. Finally, Quest Partners LLC acquired a new stake in shares of Charter Communications in the third quarter valued at about $616,000. 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.