Charter Communications (NASDAQ:CHTR) Rating Reiterated by Oppenheimer
Charter Communications (NASDAQ:CHTR)‘s stock had its “hold” rating reaffirmed by investment analysts at Oppenheimer in a research note issued to investors on Friday, AnalystRatings.com reports.
CHTR has been the topic of several other research reports. Nomura Instinet raised Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $500.00 to $600.00 in a research note on Friday, July 10th. Pivotal Research reissued a “buy” rating and issued a $700.00 target price (up previously from $625.00) on shares of Charter Communications in a report on Friday, May 1st. TD Securities lifted their price target on Charter Communications from $515.90 to $560.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. BidaskClub raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Friday, July 17th. Finally, KeyCorp raised their target price on shares of Charter Communications from $576.00 to $604.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Six analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Charter Communications currently has an average rating of “Buy” and an average target price of $567.68.
Shares of NASDAQ CHTR opened at $580.00 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.44 and a current ratio of 0.44. Charter Communications has a one year low of $345.67 and a one year high of $594.31. The firm has a market capitalization of $135.83 billion, a P/E ratio of 54.21, a PEG ratio of 1.36 and a beta of 1.03. The company’s fifty day moving average is $535.61 and its two-hundred day moving average is $505.74.
In related news, CFO Christopher L. Winfrey sold 9,239 shares of the business’s stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $508.51, for a total value of $4,698,123.89. Following the completion of the sale, the chief financial officer now directly owns 149,917 shares in the company, valued at $76,234,293.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Kevin D. Howard sold 9,241 shares of the company’s stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $550.03, for a total transaction of $5,082,827.23. Following the transaction, the chief accounting officer now directly owns 12,081 shares of the company’s stock, valued at approximately $6,644,912.43. The disclosure for this sale can be found here. Insiders have sold 55,779 shares of company stock worth $28,911,716 over the last quarter. 1.18% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. bought a new position in shares of Charter Communications during the fourth quarter worth about $6,683,000. Baystate Wealth Management LLC increased its stake in shares of Charter Communications by 360.0% during the second quarter. Baystate Wealth Management LLC now owns 69 shares of the company’s stock valued at $35,000 after acquiring an additional 54 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in Charter Communications by 82.1% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 71 shares of the company’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. BDO Wealth Advisors LLC acquired a new stake in shares of Charter Communications during the 1st quarter valued at $32,000. Finally, Gemmer Asset Management LLC boosted its holdings in shares of Charter Communications by 122.2% in the first quarter. Gemmer Asset Management LLC now owns 80 shares of the company’s stock worth $35,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 62.78% of the company’s stock.
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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.
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