Deutsche Bank Aktiengesellschaft Raises Charter Communications (NASDAQ:CHTR) Price Target to $365.00

Charter Communications (NASDAQ:CHTR) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $340.00 to $365.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 4.55% from the company’s previous close.

Several other analysts have also recently issued reports on CHTR. Wells Fargo & Company upped their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday. Barclays upped their price target on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday. Raymond James cut shares of Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. Morgan Stanley upped their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a report on Wednesday, September 11th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Charter Communications presently has an average rating of “Hold” and an average target price of $379.06.

Charter Communications Price Performance

Shares of CHTR stock opened at $382.38 on Monday. The company has a market capitalization of $54.58 billion, a PE ratio of 11.98, a price-to-earnings-growth ratio of 0.66 and a beta of 1.03. The firm has a fifty day simple moving average of $333.90 and a 200-day simple moving average of $314.01. The company has a current ratio of 0.34, a quick ratio of 0.39 and a debt-to-equity ratio of 5.24. Charter Communications has a twelve month low of $236.08 and a twelve month high of $422.92.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.25 earnings per share. Equities research analysts anticipate that Charter Communications will post 32.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. grew its position in shares of Charter Communications by 50.8% during the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after acquiring an additional 3,080 shares during the last quarter. AustralianSuper Pty Ltd bought a new position in shares of Charter Communications during the second quarter worth about $7,171,000. Cetera Investment Advisers grew its position in shares of Charter Communications by 432.3% during the first quarter. Cetera Investment Advisers now owns 7,399 shares of the company’s stock worth $2,150,000 after acquiring an additional 6,009 shares during the last quarter. CX Institutional grew its position in Charter Communications by 41.5% in the 2nd quarter. CX Institutional now owns 10,905 shares of the company’s stock valued at $3,260,000 after buying an additional 3,199 shares in the last quarter. Finally, Cornerstone Capital Inc. grew its position in Charter Communications by 40.7% in the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after buying an additional 10,950 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

About Charter Communications

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.