Charter Communications (NASDAQ:CHTR) Now Covered by Citigroup

Analysts at Citigroup assumed coverage on shares of Charter Communications (NASDAQ:CHTR) in a research report issued on Thursday, The Fly reports. The brokerage set a “buy” rating and a $480.00 price target on the stock. Citigroup‘s price target indicates a potential upside of 23.17% from the company’s previous close.

CHTR has been the subject of a number of other reports. BidaskClub lowered Charter Communications from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered Charter Communications from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. ValuEngine raised Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, May 14th. Rosenblatt Securities reaffirmed a “buy” rating and set a $480.00 price target on shares of Charter Communications in a research note on Thursday. Finally, UBS Group increased their price target on Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $380.44.

CHTR stock traded down $1.44 on Thursday, reaching $389.72. The company’s stock had a trading volume of 652,808 shares, compared to its average volume of 1,208,940. Charter Communications has a 52 week low of $271.56 and a 52 week high of $397.68. The firm has a market capitalization of $87.50 billion, a price-to-earnings ratio of 74.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.29. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.23). The firm had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.20 billion. Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. On average, equities analysts anticipate that Charter Communications will post 7.22 EPS for the current fiscal year.

In other news, Director Craig A. Jacobson sold 1,325 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $375.18, for a total transaction of $497,113.50. Following the completion of the sale, the director now directly owns 12,773 shares of the company’s stock, valued at approximately $4,792,174.14. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.84% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Longview Partners Guernsey LTD purchased a new stake in shares of Charter Communications in the fourth quarter valued at $846,691,000. Egerton Capital UK LLP lifted its holdings in shares of Charter Communications by 21.4% in the first quarter. Egerton Capital UK LLP now owns 2,846,860 shares of the company’s stock valued at $987,604,000 after purchasing an additional 502,358 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 2.5% in the first quarter. Geode Capital Management LLC now owns 2,274,515 shares of the company’s stock valued at $787,619,000 after purchasing an additional 56,403 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Charter Communications by 1.5% in the fourth quarter. Northern Trust Corp now owns 1,998,946 shares of the company’s stock valued at $569,640,000 after purchasing an additional 28,704 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Charter Communications in the fourth quarter valued at $360,022,000. 71.92% of the stock is owned by institutional investors and hedge funds.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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