Charter Communications (NASDAQ:CHTR) Given New $320.00 Price Target at Barclays

Charter Communications (NASDAQ:CHTR) had its price objective raised by Barclays from $315.00 to $320.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an underweight rating on the stock.

Other analysts have also issued research reports about the stock. Morgan Stanley boosted their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research note on Thursday, December 12th. Wells Fargo & Company boosted their price objective on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research report on Tuesday, November 26th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $341.50 on Monday. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34. Charter Communications has a 1-year low of $236.08 and a 1-year high of $415.27. The business has a 50-day moving average of $363.28 and a 200-day moving average of $353.12. The company has a market capitalization of $48.56 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 0.46 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the company earned $7.07 earnings per share. On average, equities analysts anticipate that Charter Communications will post 36.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CHTR. Reston Wealth Management LLC bought a new stake in Charter Communications during the third quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the 3rd quarter valued at $28,000. Avior Wealth Management LLC lifted its stake in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after purchasing an additional 45 shares during the period. Sierra Ocean LLC acquired a new stake in Charter Communications in the 4th quarter valued at $32,000. Finally, Grove Bank & Trust grew its holdings in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 81.76% 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; 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.