Stocks of Charter Communications Inc. (NASDAQ:CHTR) traded higher last session on Wall Street, up 1.63% to $400.99.
According to the data, Charter Communications Inc. (NASDAQ:CHTR) has 25 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $665.00 and a low of $273.00, we find $450.00. Given the previous closing price of $394.57, this indicates a potential upside of 14.05 percent. CHTR stock price is now 13.71% away from the 50-day moving average and 11.92% away from the 200-day moving average. The market capitalization of the company currently stands at $60.53B.
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A total of 14 analysts have issued a hold rating and 9 have given it a buy rating. Brokers who have rated the stock have averaged $455.90 as their price target over the next twelve months.
In other news, Rutledge Thomas, Executive Chairman sold 30,000 shares of the company’s stock on Feb 22. The stock was sold for $11,509,350 at an average price of $383.64. Upon completion of the transaction, the Executive Chairman now directly owns 17,493 shares in the company, valued at $7.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 31, Director Miron Steven A bought 2,500 shares of the business’s stock. A total of $960,875 was incurred on buying the stock at an average price of $384.35. This leaves the insider owning 9,173 shares of the company worth $3.68 million. Insiders disposed of 2,393,928 shares of company stock worth roughly $959.94 million over the past 1 year. A total of 12.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CHTR stock. A new stake in Charter Communications Inc. shares was purchased by PZENA INVESTMENT MANAGEMENT LLC during the first quarter worth $235,997,000. WESTFIELD CAPITAL MANAGEMENT CO LP invested $52,763,000 in shares of CHTR during the first quarter. In the first quarter, JUNTO CAPITAL MANAGEMENT LP acquired a new stake in Charter Communications Inc. valued at approximately $34,731,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in CHTR for approximately $25,130,000. WOODLINE PARTNERS LP purchased a new stake in CHTR valued at around $24,010,000 in the second quarter. In total, there are 1,256 active investors with 67.80% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $400.14 for Charter Communications Inc. (NASDAQ: CHTR). During the past 12 months, Charter Communications Inc. has had a low of $297.66 and a high of $484.27. As of last week, the company has a debt-to-equity ratio of 10.40, a current ratio of 0.30, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $158.11B, which is based on a 13.14 price-to-earnings ratio, a 0.82 price-to-earnings-growth ratio, and a beta of 1.13. The fifty day moving average price for CHTR is $353.80 and a two-hundred day moving average price translates $358.74 for the stock.
The latest earnings results from Charter Communications Inc. (NASDAQ: CHTR) was released for Mar, 2023. According to the Telecom Services Company, earnings per share came in at $6.65, missing analysts’ expectations of $7.48 by -0.83. This compares to $7.96 EPS in the same period last year. The net profit margin was 8.90% and return on equity was 52.30% for CHTR. The company reported revenue of $13.65 billion for the quarter, compared to $13.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.43 percent. For the current quarter, analysts expect CHTR to generate $13.84B in revenue.
Charter Communications Inc.(CHTR) Company Profile
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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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. The company also offers voice communications services using voice over internet protocol technology; and broadband communications solutions, such as internet access, data networking, fiber connectivity, video entertainment, and business telephone services to cellular towers and office buildings for business and carrier organizations. In addition, it provides mobile services; video programming, static IP and business WiFi, and e-mail and security services; sells local advertising across various platforms for networks, such as TBS, CNN, and ESPN; sells advertising inventory to local sports and news channels; and offers Audience App to create data-driven linear TV campaigns for local advertisers. Further, the company offers communications products and managed service solutions; data connectivity services to mobile and wireline carriers on a wholesale basis; and owns and operates regional sports and news networks. It serves approximately 32 million customers in 41 states. The company was founded in 1993 and is headquartered in Stamford, Connecticut.
