Charter Communications, Inc. (CHTR) Given Market Perform Rating at Wells Fargo & Company

Charter Communications, Inc. (NASDAQ:CHTR)‘s stock had its “market perform” rating reiterated by stock analysts at Wells Fargo & Company in a research report issued to clients and investors on Wednesday, June 28th.

Other equities analysts have also recently issued research reports about the stock. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of Charter Communications in a research report on Wednesday, June 28th. BidaskClub cut shares of Charter Communications from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. SunTrust Banks, Inc. assumed coverage on shares of Charter Communications in a report on Tuesday, April 18th. They set a “buy” rating and a $380.00 price target for the company. Wunderlich downgraded shares of Charter Communications from a “buy” rating to a “hold” rating and lowered their price target for the stock from $360.00 to $350.00 in a report on Wednesday, May 3rd. Finally, Macquarie reiterated a “buy” rating and set a $365.00 price target on shares of Charter Communications in a report on Tuesday, May 2nd. Eleven investment analysts have rated the stock with a hold rating, fourteen have given 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 price target of $333.92.

Charter Communications (NASDAQ:CHTR) traded up 0.92% during trading on Wednesday, reaching $370.26. The company had a trading volume of 1,600,282 shares. The stock has a market capitalization of $97.55 billion, a P/E ratio of 106.06 and a beta of 1.07. Charter Communications has a 12-month low of $233.00 and a 12-month high of $372.37. The stock has a 50 day moving average of $340.47 and a 200-day moving average of $329.75.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Thursday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by $0.29. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.38 billion. Charter Communications had a return on equity of 1.15% and a net margin of 2.29%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, analysts forecast that Charter Communications will post $0.60 earnings per share for the current fiscal year.

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In related news, EVP Jonathan Hargis sold 6,000 shares of the company’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $325.75, for a total value of $1,954,500.00. Following the sale, the executive vice president now directly owns 13,049 shares of the company’s stock, valued at $4,250,711.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $323.62, for a total transaction of $323,620.00. Following the completion of the sale, the director now directly owns 13,436 shares in the company, valued at $4,348,158.32. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. S&CO Inc. raised its stake in Charter Communications by 1.0% in the second quarter. S&CO Inc. now owns 19,982 shares of the company’s stock valued at $6,731,000 after buying an additional 190 shares during the last quarter. Sterling Investment Management Inc. acquired a new stake in Charter Communications during the second quarter valued at $2,621,000. Bessemer Group Inc. raised its stake in Charter Communications by 50.7% in the second quarter. Bessemer Group Inc. now owns 449 shares of the company’s stock valued at $152,000 after buying an additional 151 shares during the last quarter. CAPROCK Group Inc. acquired a new stake in Charter Communications during the second quarter valued at $200,000. Finally, CIBC Asset Management Inc raised its stake in Charter Communications by 4.0% in the second quarter. CIBC Asset Management Inc now owns 29,941 shares of the company’s stock valued at $10,086,000 after buying an additional 1,162 shares during the last quarter. Hedge funds and other institutional investors own 74.44% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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