Charter Communications (NASDAQ:CHTR) Given New $390.00 Price Target at Royal Bank of Canada

Charter Communications (NASDAQ:CHTR) had its price target raised by Royal Bank of Canada from $345.00 to $390.00 in a research report sent to investors on Monday morning,Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the stock.

CHTR has been the topic of several other research reports. Morgan Stanley increased their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $300.00 to $325.00 and gave the company a “hold” rating in a research note on Monday, July 29th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a research note on Monday, September 30th. TD Cowen boosted their target price on Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Finally, Rosenblatt Securities increased their target price on shares of Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications currently has a consensus rating of “Hold” and a consensus target price of $379.06.

Charter Communications Trading Down 3.7 %

Shares of NASDAQ:CHTR opened at $393.04 on Monday. The business’s 50 day simple moving average is $334.95 and its 200 day simple moving average is $314.67. Charter Communications has a 1 year low of $236.08 and a 1 year high of $421.16. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.39. The company has a market capitalization of $56.10 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.68 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter last year, the business earned $8.25 earnings per share. Charter Communications’s revenue was up 1.6% on a year-over-year basis. On average, research analysts anticipate that Charter Communications will post 32.49 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors have recently made changes to their positions in CHTR. Reston Wealth Management LLC acquired a new position in shares of Charter Communications in the third quarter worth approximately $26,000. Ashton Thomas Securities LLC bought a new position in Charter Communications during the 3rd quarter worth approximately $28,000. CVA Family Office LLC lifted its position in shares of Charter Communications by 5,500.0% in the 2nd quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. bought a new stake in shares of Charter Communications in the 1st quarter valued at $34,000. Finally, Grove Bank & Trust raised its stake in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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.