Jefferies Group assumed coverage on shares of Charter Communications (NASDAQ:CHTR) in a research note issued to investors on Thursday. The brokerage issued a hold rating and a $300.00 price target on the stock. Jefferies Group also issued estimates for Charter Communications’ FY2019 earnings at $6.47 EPS.
Several other analysts have also weighed in on the company. ValuEngine lowered Charter Communications from a sell rating to a strong sell rating in a report on Friday, June 1st. KeyCorp began coverage on Charter Communications in a report on Wednesday, May 16th. They issued an equal weight rating on the stock. Macquarie restated a buy rating on shares of Charter Communications in a research report on Sunday, May 13th. Barclays restated a sell rating and issued a $254.00 price objective on shares of Charter Communications in a research report on Monday, April 30th. Finally, Buckingham Research reduced their price objective on Charter Communications from $425.00 to $397.00 and set a buy rating on the stock in a research report on Monday, April 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $383.89.
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Charter Communications traded up $0.34, hitting $278.53, during trading hours on Thursday, MarketBeat reports. The stock had a trading volume of 10,696 shares, compared to its average volume of 1,535,722. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $65.32 billion, a price-to-earnings ratio of 104.98, a price-to-earnings-growth ratio of 3.28 and a beta of 1.16. Charter Communications has a 1-year low of $250.10 and a 1-year high of $408.83.
Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 27th. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.26. The company had revenue of $10.66 billion for the quarter, compared to analyst estimates of $10.62 billion. Charter Communications had a return on equity of 1.15% and a net margin of 23.55%. Charter Communications’s revenue was up 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.57 earnings per share. sell-side analysts forecast that Charter Communications will post 4 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its holdings in shares of Charter Communications by 234.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,597 shares of the company’s stock worth $1,880,000 after purchasing an additional 3,923 shares during the period. Mackay Shields LLC purchased a new position in shares of Charter Communications in the 1st quarter worth about $16,367,000. Icon Wealth Partners LLC purchased a new position in shares of Charter Communications in the 4th quarter worth about $151,000. Virtu Financial LLC raised its holdings in shares of Charter Communications by 44.5% in the 4th quarter. Virtu Financial LLC now owns 1,883 shares of the company’s stock worth $632,000 after purchasing an additional 580 shares during the period. Finally, Hengistbury Investment Partners LLP raised its holdings in shares of Charter Communications by 158.7% in the 4th quarter. Hengistbury Investment Partners LLP now owns 379,288 shares of the company’s stock worth $127,426,000 after purchasing an additional 232,650 shares during the period. Hedge funds and other institutional investors own 69.53% of the company’s stock.
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, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.