In yesterday’s Wall Street session, Charter Communications Inc. (NASDAQ:CHTR) shares traded at $272.78, up 1.78% from the previous session.
CHTR stock price is now -1.49% away from the 50-day moving average and -25.61% away from the 200-day moving average. The market capitalization of the company currently stands at $39.39B.
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With the price target reduced from $450 to $400, Pivotal Research Group maintained Buy rating for Charter Communications Inc. (NASDAQ: CHTR). On March 18, 2024, Bernstein Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $370, while ‘Rosenblatt’ rates the stock as ‘Neutral’
In other news, Jacobson Craig A, Director sold 918 shares of the company’s stock on Feb 28 ’24. The stock was sold for $265,518 at an average price of $289.24. Upon completion of the transaction, the Director now directly owns 9,331 shares in the company, valued at $2.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 06 ’24, President and CEO Winfrey Christopher L bought 5,050 shares of the business’s stock. A total of $1,491,214 was incurred on buying the stock at an average price of $295.29. This leaves the insider owning 57,703 shares of the company worth $15.74 million. A total of 32.32% of the company’s stock is owned by insiders.
During the past 12 months, Charter Communications Inc. has had a low of $236.08 and a high of $458.30. As of last week, the company has a debt-to-equity ratio of 8.25, a current ratio of 0.40, and a quick ratio of 0.40.
According to the Telecom Services Company, earnings per share came in at 8.05, beating analysts’ expectations of 7.96 by 0.09. This compares to $7.70 EPS in the same period last year. The net profit margin was 8.50% and return on equity was 43.60% for CHTR. The company reported revenue of $13.68 billion for the quarter, compared to $13.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.19 percent. For the current quarter, analysts expect CHTR to generate $13.59B in revenue.
