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Charter Communications (CHTR) Earns "Hold" Rating from Robert W. Baird
May 23 2018, 01:18 | Alonzo Simpson
This might be the missing peace in the jigsaw: Charter Communications, Inc. (CHTR)
Twelve analysts surveyed by Zacks expected $10.63 billion. Charter Comm has $45000 highest and $204 lowest target. The ratio is positive, as 3 funds increased and opened new positions, while 3 decreased and sold their holdings in Charter Communications Inc. (NASDAQ:CHTR), we could notice that the shares are trading close to the $301.28 level. CHTR was included in 13 notes of analysts from December 4, 2017. Jefferies Group analyst S. Goldman now anticipates that the company will earn $0.84 per share for the quarter, up from their previous estimate of $0.72.
SunTrust maintained the shares of CHTR in report on Friday, February 2 with "Buy" rating. The company reported $0.70 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.44 by $0.26, MarketWatch Earnings reports. The company has market cap of $260.16 million.
Charter Communications, Inc. registered $9.85 million net activity with 0 insider buys and 1 insider sale since February 6, 2018.
The company's Average Revenue Estimate for the current quarter is $3.94 Billion, while Low and High Revenue Estimates are $3.88 Billion and $4 Billion respectively.
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A number of brokerages have recently commented on CHTR. Barclays lifted their price target on shares of Charter Communications from $283.00 to $300.00 and gave the company an "underweight" rating in a research note on Monday, February 5th. Buckingham Research initiated coverage on shares of Charter Communications in a report on Wednesday, December 13th. Finally, Citigroup reiterated a "buy" rating and issued a $436.00 target price (down from $453.00) on shares of Charter Communications in a report on Wednesday, February 7th. Finally, TheStreet raised Charter Communications from a "c" rating to a "b+" rating in a report on Friday, February 2nd.
Among 10 analysts covering Charter Communications (NASDAQ:CHTR), 6 have Buy rating, 1 Sell and 3 Hold. The stock presently has a consensus rating of "Hold" and an average price target of $405.50. (NASDAQ:CHTR) for 1,650 shares. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 1.43. The 6 months bearish chart indicates high risk for the $73.75 billion company.
In other news, EVP Jonathan Hargis sold 27,000 shares of Charter Communications stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $364.76, for a total transaction of $9,848,520.00.
Shares of Charter were down 16 percent, dragging down other pay-TV companies such as Dish Network Corp (DISH.O), Altice USA (ATUS.N) and Comcast, whose shares fell as much as 7 percent. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Northwestern Mutual Wealth Management Co. now owns 409 shares of the company's stock valued at $137,000 after buying an additional 214 shares during the last quarter. Cibc World Mkts Corp has invested 0.27% of its portfolio in Charter Communications, Inc. Franklin Resources Inc. now owns 2,794,891 shares of the company's stock worth $938,985,000 after purchasing an additional 22,408 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Charter Communications by 25.7% during the third quarter. California Public Employees Retirement System now owns 619,620 shares of the company's stock worth $208,168,000 after purchasing an additional 156,169 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Charter Communications by 109.7% during the fourth quarter. Triple Frond Partners LLC increased its stake in Charter Communications by 55.1% in the 4th quarter.