Charter Communications (CHTR) Price Target Increased to $427.00 by Analysts at Citigroup

Charter Communications (NASDAQ:CHTR) had its price objective raised by analysts at Citigroup from $390.00 to $427.00 in a report released on Monday, May 6th, BenzingaRatingsTable reports. The brokerage presently has a “buy” rating on the stock. Citigroup‘s price objective points to a potential upside of 12.60% from the company’s previous close.

A number of other equities analysts also recently weighed in on the company. UBS Group upped their price target on Charter Communications from $383.00 to $421.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. Macquarie downgraded Charter Communications from an “outperform” rating to a “neutral” rating in a research report on Tuesday, April 9th. They noted that the move was a valuation call. Royal Bank of Canada downgraded Charter Communications from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $400.00 to $375.00 in a research report on Friday, March 29th. Finally, Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $391.00 price target for the company in a research report on Tuesday, February 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $365.88.

NASDAQ CHTR traded up $3.85 during trading hours on Monday, reaching $379.22. 995,734 shares of the company’s stock were exchanged, compared to its average volume of 1,213,409. Charter Communications has a one year low of $259.48 and a one year high of $387.41. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $84.22 billion, a price-to-earnings ratio of 72.68, a PEG ratio of 1.21 and a beta of 1.40.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.23). Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. The business had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the previous year, the company posted $0.70 earnings per share. Charter Communications’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts predict that Charter Communications will post 7.21 EPS for the current year.

In other news, Director Craig A. Jacobson sold 1,325 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the completion of the sale, the director now owns 12,773 shares of the company’s stock, valued at approximately $4,792,174.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.84% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHTR. First Pacific Advisors LP lifted its holdings in Charter Communications by 4.0% during the 1st quarter. First Pacific Advisors LP now owns 1,094,858 shares of the company’s stock valued at $379,817,000 after purchasing an additional 42,485 shares during the last quarter. OTA Financial Group L.P. acquired a new stake in Charter Communications during the 1st quarter valued at $11,911,000. Horizon Investments LLC acquired a new stake in Charter Communications during the 1st quarter valued at $384,000. Kore Private Wealth LLC acquired a new stake in Charter Communications during the 1st quarter valued at $60,000. Finally, BlueCrest Capital Management Ltd lifted its holdings in Charter Communications by 135.7% during the 1st quarter. BlueCrest Capital Management Ltd now owns 5,018 shares of the company’s stock valued at $1,741,000 after purchasing an additional 2,889 shares during the last quarter. 71.92% of the stock is owned by institutional investors.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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