Rosenblatt Securities Boosts Charter Communications (NASDAQ:CHTR) Price Target to $482.00

Charter Communications (NASDAQ:CHTR) had its price target lifted by Rosenblatt Securities from $477.00 to $482.00 in a research note published on Tuesday, MarketBeat reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on CHTR. Morgan Stanley reiterated an equal weight rating and issued a $460.00 price target on shares of Charter Communications in a report on Monday, July 31st. Loop Capital increased their price target on shares of Charter Communications from $390.00 to $405.00 and gave the company a hold rating in a report on Monday, July 31st. StockNews.com initiated coverage on shares of Charter Communications in a report on Thursday, August 17th. They issued a hold rating for the company. JPMorgan Chase & Co. increased their price objective on shares of Charter Communications from $450.00 to $500.00 in a research note on Friday, July 28th. Finally, Wells Fargo & Company increased their price objective on shares of Charter Communications from $410.00 to $450.00 and gave the company an equal weight rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Charter Communications currently has a consensus rating of Moderate Buy and a consensus target price of $499.64.

Charter Communications Stock Up 2.3 %

Shares of Charter Communications stock opened at $449.37 on Tuesday. The company has a market cap of $67.26 billion, a P/E ratio of 15.09, a PEG ratio of 0.69 and a beta of 1.12. The company has a debt-to-equity ratio of 6.84, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications has a one year low of $297.66 and a one year high of $452.25. The firm has a fifty day moving average of $411.04 and a two-hundred day moving average of $367.93.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 28th. The company reported $8.05 EPS for the quarter, topping analysts’ consensus estimates of $7.66 by $0.39. The company had revenue of $13.66 billion during the quarter, compared to the consensus estimate of $13.84 billion. Charter Communications had a net margin of 8.48% and a return on equity of 35.69%. Charter Communications’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.80 EPS. On average, analysts forecast that Charter Communications will post 31.33 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Craig A. Jacobson sold 2,104 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $418.16, for a total value of $879,808.64. Following the transaction, the director now owns 10,249 shares in the company, valued at $4,285,721.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.32% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Colonial Trust Co SC raised its stake in shares of Charter Communications by 111.1% during the first quarter. Colonial Trust Co SC now owns 76 shares of the company’s stock valued at $27,000 after purchasing an additional 40 shares during the period. AM Squared Ltd purchased a new stake in shares of Charter Communications during the fourth quarter valued at approximately $34,000. West Branch Capital LLC purchased a new stake in shares of Charter Communications during the second quarter valued at approximately $36,000. Capital Advisors Ltd. LLC raised its stake in shares of Charter Communications by 307.4% during the second quarter. Capital Advisors Ltd. LLC now owns 110 shares of the company’s stock valued at $40,000 after purchasing an additional 83 shares during the period. Finally, Elequin Securities LLC raised its stake in shares of Charter Communications by 536.8% during the fourth quarter. Elequin Securities LLC now owns 121 shares of the company’s stock valued at $41,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 93.84% 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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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.