Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Charter Communications (NASDAQ:CHTR) had its target price boosted by Morgan Stanley from $385.00 to $415.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 7.42% from the company’s previous close.

CHTR has been the topic of several other research reports. Citigroup began coverage on Charter Communications in a report on Friday, March 14th. They issued a “buy” rating and a $425.00 target price on the stock. StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, April 22nd. Royal Bank of Canada upped their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research report on Monday, February 3rd. BNP Paribas reaffirmed an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a research note on Thursday, April 10th. Finally, Barclays upped their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research report on Monday, February 3rd. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $399.35.

Charter Communications Trading Up 2.5 %

NASDAQ:CHTR opened at $386.33 on Monday. The firm has a market cap of $54.84 billion, a P/E ratio of 11.05, a PEG ratio of 0.44 and a beta of 1.13. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications has a 12-month low of $252.93 and a 12-month high of $415.27. The stock’s 50 day simple moving average is $356.13 and its 200-day simple moving average is $359.39.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The business had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.67 billion. During the same period in the prior year, the business earned $7.55 earnings per share. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts anticipate that Charter Communications will post 38.16 EPS for the current year.

Institutional Trading of Charter Communications

A number of institutional investors and hedge funds have recently modified their holdings of CHTR. Avior Wealth Management LLC grew its stake in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after purchasing an additional 77 shares during the period. Sierra Ocean LLC bought a new position in Charter Communications during the fourth quarter valued at about $32,000. Generali Asset Management SPA SGR bought a new position in shares of Charter Communications during the 4th quarter valued at about $36,000. Finally, Brown Brothers Harriman & Co. grew its position in Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock worth $36,000 after buying an additional 29 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

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.