Charter Communications (CHTR) Now Covered by Buckingham Research

Buckingham Research started coverage on shares of Charter Communications (NASDAQ:CHTR) in a research note released on Wednesday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $415.00 price objective on the stock.

A number of other brokerages have also weighed in on CHTR. Robert W. Baird reaffirmed a hold rating and set a $365.00 target price on shares of Charter Communications in a research note on Wednesday, October 4th. Royal Bank of Canada reaffirmed a buy rating and set a $400.00 target price on shares of Charter Communications in a research note on Thursday, November 2nd. Citigroup lifted their target price on shares of Charter Communications from $378.00 to $456.00 and gave the company a buy rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Charter Communications from a sell rating to a hold rating in a research note on Friday, November 10th. Finally, SunTrust Banks reaffirmed a buy rating and set a $380.00 target price on shares of Charter Communications in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $383.21.

Shares of Charter Communications (NASDAQ:CHTR) traded down $6.37 during trading on Wednesday, reaching $322.31. 3,540,000 shares of the company’s stock were exchanged, compared to its average volume of 1,902,527. The company has a market cap of $80,129.49, a price-to-earnings ratio of 200.19, a PEG ratio of 6.00 and a beta of 1.05. Charter Communications has a 1-year low of $282.54 and a 1-year high of $408.83. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.40 and a current ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.77). The company had revenue of $10.46 billion for the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a net margin of 1.93% and a return on equity of 0.91%. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. sell-side analysts expect that Charter Communications will post 2.21 earnings per share for the current year.

In other news, CFO Christopher L. Winfrey bought 3,100 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was acquired at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the acquisition, the chief financial officer now owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.56% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in Charter Communications by 43.3% in the second quarter. Parallel Advisors LLC now owns 308 shares of the company’s stock worth $121,000 after buying an additional 93 shares during the last quarter. Huntington National Bank purchased a new position in Charter Communications in the third quarter worth about $128,000. Bessemer Group Inc. raised its holdings in Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock worth $152,000 after buying an additional 151 shares during the last quarter. CLS Investments LLC raised its holdings in Charter Communications by 4,733.3% in the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock worth $158,000 after buying an additional 426 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new position in Charter Communications in the third quarter worth about $180,000. 72.22% of the stock is owned by institutional investors and hedge funds.

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Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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