Charter Communications (NASDAQ:CHTR) Coverage Initiated at Citigroup

Research analysts at Citigroup initiated coverage on shares of Charter Communications (NASDAQ:CHTR) in a report issued on Friday, MarketBeat.com reports. The brokerage set a “buy” rating and a $425.00 price target on the stock. Citigroup’s price objective suggests a potential upside of 20.91% from the stock’s current price.

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

Charter Communications Trading Up 1.8 %

Shares of CHTR stock opened at $351.50 on Friday. The company’s fifty day simple moving average is $355.59 and its two-hundred day simple moving average is $354.72. 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 1 year low of $236.08 and a 1 year 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.

Charter Communications (NASDAQ:CHTR) last issued its earnings results 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 previous year, the business posted $7.07 EPS. As a group, analysts anticipate that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Trading of Charter Communications

Several institutional investors have recently added to or reduced their stakes in the business. Siemens Fonds Invest GmbH boosted its position in Charter Communications by 179.9% during the fourth quarter. Siemens Fonds Invest GmbH now owns 15,665 shares of the company’s stock valued at $5,369,000 after buying an additional 10,068 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Charter Communications during the fourth quarter valued at about $30,663,000. Challenger Wealth Management purchased a new stake in Charter Communications during the fourth quarter valued at about $206,000. Ascent Group LLC purchased a new stake in Charter Communications during the fourth quarter valued at about $362,000. Finally, Forum Financial Management LP raised its stake in shares of Charter Communications by 13.3% during the fourth quarter. Forum Financial Management LP now owns 1,235 shares of the company’s stock valued at $423,000 after acquiring an additional 145 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

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.