Pivotal Research Raises Charter Communications (NASDAQ:CHTR) Price Target to $500.00

Charter Communications (NASDAQ:CHTR) had its target price boosted by Pivotal Research from $425.00 to $500.00 in a research note issued on Friday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Pivotal Research’s target price points to a potential upside of 20.68% from the stock’s current price.

A number of other brokerages have also weighed in on CHTR. Royal Bank of Canada upped their target price on shares of PVH to $145.00 and gave the stock an “outperform” rating in a research note on Friday, March 29th. Macquarie assumed coverage on shares of Charter Communications in a research note on Wednesday, June 19th. They issued a “hold” rating and a $390.00 target price for the company. Rosenblatt Securities assumed coverage on shares of Charter Communications in a research note on Thursday, June 13th. They issued a “buy” rating and a $480.00 target price for the company. BidaskClub raised shares of Westport Fuel Systems from a “hold” rating to a “buy” rating in a research note on Friday. Finally, UBS Group lowered shares of Advanced Disposal Services from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Wednesday, May 1st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $389.73.

Shares of NASDAQ CHTR opened at $414.31 on Friday. The firm has a market cap of $92.56 billion, a price-to-earnings ratio of 73.20, a PEG ratio of 1.34 and a beta of 1.24. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.31 and a current ratio of 0.31. Charter Communications has a 1-year low of $271.56 and a 1-year high of $415.14. The business has a fifty day moving average of $391.61.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). The company had revenue of $11.21 billion during the quarter, compared to analyst estimates of $11.20 billion. Charter Communications had a return on equity of 2.94% and a net margin of 2.98%. Charter Communications’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.70 earnings per share. Analysts expect that Charter Communications will post 7.12 earnings per share for the current fiscal year.

In other Charter Communications news, Director Lance Conn sold 927 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total transaction of $370,800.00. Following the sale, the director now directly owns 9,552 shares of the company’s stock, valued at approximately $3,820,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Craig A. Jacobson sold 1,325 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $375.18, for a total transaction of $497,113.50. Following the sale, the director now directly owns 12,773 shares in the company, valued at $4,792,174.14. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Asset Dedication LLC raised its holdings in shares of Charter Communications by 5.5% in the 1st quarter. Asset Dedication LLC now owns 534 shares of the company’s stock valued at $183,000 after purchasing an additional 28 shares during the period. Lindbrook Capital LLC raised its holdings in shares of Charter Communications by 8.6% in the 1st quarter. Lindbrook Capital LLC now owns 353 shares of the company’s stock valued at $122,000 after purchasing an additional 28 shares during the period. Connable Office Inc. raised its holdings in shares of Charter Communications by 0.7% in the 1st quarter. Connable Office Inc. now owns 4,426 shares of the company’s stock valued at $1,535,000 after purchasing an additional 30 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Charter Communications by 0.6% in the 4th quarter. Nuveen Asset Management LLC now owns 4,927 shares of the company’s stock valued at $1,404,000 after purchasing an additional 31 shares during the period. Finally, Huntington National Bank raised its holdings in shares of Charter Communications by 31.1% in the 1st quarter. Huntington National Bank now owns 135 shares of the company’s stock valued at $47,000 after purchasing an additional 32 shares during the period. 71.91% of the stock is currently owned by institutional investors.

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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