Charter Communications (NASDAQ:CHTR) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Charter Communications, Inc. (NASDAQ:CHTR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $344.58 and traded as high as $345.00. Charter Communications shares last traded at $342.77, with a volume of 472,715 shares trading hands.

Analyst Ratings Changes

Several equities analysts have issued reports on CHTR shares. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective 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 target price for the company in a research report on Tuesday, November 26th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Citigroup raised Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective for the company in a report on Wednesday, September 11th. Finally, Pivotal Research lifted their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $384.42.

Charter Communications Stock Down 0.1 %

The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $48.74 billion, a PE ratio of 10.74, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The firm’s 50-day simple moving average is $373.02 and its 200 day simple moving average is $344.58.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the previous year, the firm earned $8.25 earnings per share. The firm’s revenue was up 1.6% on a year-over-year basis. As a group, equities research analysts forecast that Charter Communications, Inc. will post 32.87 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

Hedge funds and other institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its position in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Pzena Investment Management LLC grew its stake in Charter Communications by 6.1% in the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after acquiring an additional 175,130 shares during the last quarter. Geode Capital Management LLC increased its holdings in Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after acquiring an additional 13,430 shares in the last quarter. FMR LLC raised its position in Charter Communications by 27.7% during the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after acquiring an additional 230,817 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Charter Communications by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after purchasing an additional 7,008 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

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.