Today: The Telsey Advisory Group Boosts Charter Communications, Inc. (CHTR) Price Target to $302.00

The Telsey Advisory Group Boosts Charter Communications, Inc. (CHTR) Price Target to $302.00

Charter Communications, Inc. (NASDAQ:CHTR) had its price target upped by Telsey Advisory Group from $246.00 to $302.00 in a research note issued to investors on Monday. Telsey Advisory Group currently has an outperform rating on the stock.

CHTR has been the topic of a number of other reports. Guggenheim began coverage on shares of Charter Communications in a research note on Monday, August 29th. They set a buy rating and a $300.00 target price on the stock. Argus began coverage on shares of Charter Communications in a research note on Wednesday, July 20th. They set a buy rating and a $300.00 target price on the stock. Citigroup Inc. restated a buy rating and set a $270.00 target price on shares of Charter Communications in a research note on Thursday, June 16th. Morgan Stanley began coverage on shares of Charter Communications in a research note on Tuesday, June 14th. They set an overweight rating and a $265.00 target price on the stock. Finally, Zacks Investment Research upgraded shares of Charter Communications from a hold rating to a strong-buy rating and set a $297.00 target price on the stock in a research note on Friday, August 12th. Five analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $287.86.

Shares of Charter Communications (NASDAQ:CHTR) opened at 256.89 on Monday. The firm has a market capitalization of $69.60 billion, a PE ratio of 11.47 and a beta of 0.67. The company has a 50-day moving average of $266.33 and a 200-day moving average of $234.62. Charter Communications has a 1-year low of $156.13 and a 1-year high of $279.95.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Tuesday, August 9th. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.28. Charter Communications had a net margin of 20.59% and a return on equity of 0.19%. The firm had revenue of $9.99 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the firm earned ($1.09) earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that Charter Communications will post $0.60 EPS for the current fiscal year.

In related news, Director Craig A. Jacobson sold 3,000 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $258.15, for a total transaction of $774,450.00. Following the completion of the sale, the director now directly owns 16,563 shares of the company’s stock, valued at $4,275,738.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mauricio Ramos purchased 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were bought at an average cost of $255.00 per share, with a total value of $255,000.00. Following the completion of the acquisition, the director now owns 1,997 shares of the company’s stock, valued at $509,235. The disclosure for this purchase can be found here. Corporate insiders own 1.51% of the company’s stock.

Several large investors have recently modified their holdings of the company. CKW Financial Group bought a new stake in shares of Charter Communications during the second quarter valued at $103,000. Brave Asset Management Inc bought a new stake in shares of Charter Communications during the second quarter valued at $104,000. Glenmede Trust Co. NA bought a new stake in shares of Charter Communications during the second quarter valued at $107,000. Daiwa SB Investments Ltd. bought a new stake in shares of Charter Communications during the second quarter valued at $110,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Charter Communications during the second quarter valued at $110,000. 77.10% of the stock is owned by hedge funds and other institutional investors.

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