Charter Communications (NASDAQ:CHTR) Rating Increased to Overweight at KeyCorp

KeyCorp upgraded shares of Charter Communications (NASDAQ:CHTR) from a sector weight rating to an overweight rating in a research note released on Thursday morning, Marketbeat.com reports. KeyCorp currently has $500.00 price objective on the stock.

A number of other brokerages have also recently issued reports on CHTR. Wolfe Research cut shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a report on Monday, September 30th. Morgan Stanley boosted their target price on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Citigroup upgraded shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a research report on Wednesday, September 11th. Finally, BNP Paribas upgraded shares of 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. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $384.42.

Charter Communications Trading Down 2.2 %

Shares of CHTR stock opened at $379.78 on Thursday. The business’s fifty day moving average price is $366.42 and its 200 day moving average price is $337.71. The firm has a market capitalization of $54.00 billion, a PE ratio of 11.89, a P/E/G ratio of 0.60 and a beta of 1.08. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications has a 1-year low of $236.08 and a 1-year high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share 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 business had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same period in the prior year, the company posted $8.25 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. As a group, sell-side analysts forecast that Charter Communications will post 32.87 EPS for the current fiscal year.

Institutional Trading of Charter Communications

Several hedge funds and other institutional investors have recently bought and sold shares of CHTR. Reston Wealth Management LLC acquired a new stake in shares of Charter Communications during the third quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the 3rd quarter worth about $28,000. Grove Bank & Trust grew its holdings in 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 buying an additional 34 shares during the period. CVA Family Office LLC increased its stake in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after acquiring an additional 35 shares during the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Charter Communications by 28.7% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after acquiring an additional 35 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.