Charter Communications (NASDAQ:CHTR) Raised to “Buy” at StockNews.com

Charter Communications (NASDAQ:CHTR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other analysts have also commented on the stock. 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 report on Thursday, December 12th. Barclays upped their price target on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Benchmark reiterated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Citigroup began coverage on shares of Charter Communications in a report on Friday, March 14th. They set a “buy” rating and a $425.00 target price on the stock. Finally, BNP Paribas upgraded shares of 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. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $389.39.

Charter Communications Price Performance

CHTR opened at $353.02 on Tuesday. 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 market capitalization of $50.20 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The stock’s 50 day moving average price is $355.90 and its 200-day moving average price is $354.77. 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, beating 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 quarter in the prior year, the company posted $7.07 EPS. On average, equities research analysts predict that Charter Communications will post 38.16 EPS for the current year.

Institutional Trading of Charter Communications

A number of institutional investors and hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC boosted its position in shares of Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the last quarter. Sierra Ocean LLC purchased a new stake in shares of Charter Communications during the 4th quarter valued at about $32,000. Generali Asset Management SPA SGR bought a new stake in shares of Charter Communications in the fourth quarter worth approximately $36,000. Brown Brothers Harriman & Co. raised its holdings in shares of Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after purchasing an additional 29 shares during the last quarter. Finally, Wingate Wealth Advisors Inc. bought a new position in Charter Communications during the fourth quarter valued at approximately $45,000. Institutional investors 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.