Charter Communications Inc (NASDAQ:CHTR) insider John Bickham sold 14,017 shares of Charter Communications stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $340.86, for a total value of $4,777,834.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
CHTR stock traded down $6.34 during trading on Monday, reaching $337.82. 1,173,886 shares of the stock traded hands, compared to its average volume of 1,483,814. Charter Communications Inc has a 52-week low of $250.10 and a 52-week high of $370.09. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.57. The company has a market cap of $77.56 billion, a PE ratio of 64.72, a price-to-earnings-growth ratio of 1.26 and a beta of 1.32.
Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Thursday, January 31st. The company reported $1.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.49 by ($0.20). Charter Communications had a net margin of 2.82% and a return on equity of 2.70%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $11.15 billion. Equities analysts forecast that Charter Communications Inc will post 7.19 EPS for the current fiscal year.
CHTR has been the subject of a number of recent analyst reports. BidaskClub raised Charter Communications from a “hold” rating to a “buy” rating in a research report on Wednesday, October 17th. Cowen lifted their price objective on Charter Communications from $337.00 to $357.00 and gave the company an “outperform” rating in a research report on Friday, December 7th. Zacks Investment Research raised Charter Communications from a “hold” rating to a “buy” rating and set a $338.00 price objective for the company in a research report on Tuesday, January 8th. UBS Group lowered their price objective on Charter Communications from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Monday, October 29th. Finally, Buckingham Research lowered their price objective on Charter Communications from $418.00 to $383.00 and set a “buy” rating for the company in a research report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $361.21.
About Charter Communications
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.
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