Charter Communications (NASDAQ:CHTR) Upgraded by Sanford C. Bernstein to “Outperform”

Charter Communications (NASDAQ:CHTRGet Free Report) was upgraded by research analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, FinViz reports. The firm currently has a $370.00 price objective on the stock. Sanford C. Bernstein’s price objective would indicate a potential upside of 27.30% from the stock’s current price.

Several other brokerages also recently issued reports on CHTR. Pivotal Research reduced their price target on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Wells Fargo & Company lowered shares of Charter Communications from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $460.00 to $340.00 in a research report on Monday, February 5th. Benchmark dropped their price target on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. UBS Group dropped their price target on shares of Charter Communications from $415.00 to $360.00 and set a “neutral” rating for the company in a research report on Monday, February 5th. Finally, JPMorgan Chase & Co. lowered shares of Charter Communications from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $445.00 to $370.00 in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $410.94.

Check Out Our Latest Research Report on Charter Communications

Charter Communications Stock Down 2.1 %

CHTR stock opened at $290.65 on Monday. Charter Communications has a one year low of $270.41 and a one year high of $458.30. The stock has a market capitalization of $42.21 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 0.45 and a beta of 0.96. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The company has a fifty day moving average of $322.04 and a 200-day moving average of $380.89.

Charter Communications (NASDAQ:CHTRGet Free Report) last released its earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by ($1.69). The firm had revenue of $13.71 billion during the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The firm’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted $7.69 EPS. As a group, analysts expect that Charter Communications will post 33.33 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

A number of institutional investors have recently modified their holdings of CHTR. Fairfield Bush & CO. acquired a new stake in shares of Charter Communications in the 1st quarter valued at $94,000. American Century Companies Inc. raised its holdings in shares of Charter Communications by 10.6% in the first quarter. American Century Companies Inc. now owns 3,363 shares of the company’s stock valued at $1,834,000 after buying an additional 322 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Charter Communications by 12,010.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,211 shares of the company’s stock valued at $660,000 after buying an additional 1,201 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Charter Communications by 4.5% in the first quarter. Cetera Investment Advisers now owns 860 shares of the company’s stock valued at $469,000 after buying an additional 37 shares during the last quarter. Finally, Moors & Cabot Inc. raised its holdings in shares of Charter Communications by 19.4% in the first quarter. Moors & Cabot Inc. now owns 727 shares of the company’s stock valued at $397,000 after buying an additional 118 shares during the last quarter. Institutional investors own 93.84% of the company’s stock.

Charter Communications Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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