The stock of Charter Communications, Inc. (NASDAQ:CHTR) reached all time high today, Nov, 29 and still has $295.66 target or 6.00% above today’s $278.92 share price. This indicates more upside for the $73.30B company. This technical setup was reported by Barchart.com. If the $295.66 PT is reached, the company will be worth $4.40 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.48 million shares traded hands. Charter Communications, Inc. (NASDAQ:CHTR) has risen 28.92% since April 26, 2016 and is uptrending. It has outperformed by 23.66% the S&P500.
Analysts await Charter Communications, Inc. (NASDAQ:CHTR) to report earnings on February, 2. They expect $1.06 earnings per share, up 187.60% or $2.27 from last year’s $-1.21 per share. CHTR’s profit will be $278.57M for 65.78 P/E if the $1.06 EPS becomes a reality. After $0.69 actual earnings per share reported by Charter Communications, Inc. for the previous quarter, Wall Street now forecasts 53.62% EPS growth.
Charter Communications, Inc. (NASDAQ:CHTR) Ratings Coverage
Out of 20 analysts covering Charter Comm (NASDAQ:CHTR), 17 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 85% are positive. Charter Comm has been the topic of 28 analyst reports since August 5, 2015 according to StockzIntelligence Inc. MoffettNathanson upgraded it to “Neutral” rating and $210 target price in Wednesday, August 19 report. JP Morgan maintained the stock with “Overweight” rating in Wednesday, May 18 report. The firm has “Buy” rating given on Tuesday, May 24 by Pivotal Research. The stock has “Buy” rating given by UBS on Wednesday, August 10. The rating was maintained by Jefferies on Wednesday, August 10 with “Hold”. The rating was upgraded by Raymond James to “Strong Buy” on Wednesday, June 1. The stock of Charter Communications, Inc. (NASDAQ:CHTR) earned “Buy” rating by Bank of America on Tuesday, August 2. Argus Research initiated Charter Communications, Inc. (NASDAQ:CHTR) on Wednesday, July 20 with “Buy” rating. As per Tuesday, August 16, the company rating was maintained by Barclays Capital. On Tuesday, June 14 the stock rating was reinitiated by Morgan Stanley with “Overweight”.
According to Zacks Investment Research, “Charter Communications is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet access, and Charter Spectrum Voice. Spectrum Business similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter’s advertising sales and production services are sold under the Charter Media brand.”
Insitutional Activity: The institutional sentiment increased to 0.09 in 2016 Q2. Its up 0.06, from 0.03 in 2016Q1. The ratio increased, as 309 funds sold all Charter Communications, Inc. shares owned while 5 reduced positions. 8 funds bought stakes while 2 increased positions. They now own 160,570 shares or 99.87% less from 120.69 million shares in 2016Q1.
Capwealth Advsr Ltd Limited Liability Company reported 24 shares or 0% of all its holdings. Hanson Doremus Mgmt holds 0.11% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR) for 1,091 shares. Dorsey Whitney Limited Liability Company, a South Dakota-based fund reported 2,647 shares. Tradewinds Cap Mngmt Limited Liability owns 90 shares or 0.02% of their US portfolio. Burney Com has 0.04% invested in the company for 2,361 shares. Nebula Capital Mngmt Limited Partnership accumulated 4.17% or 2,305 shares. Great West Life Assurance Company Can has invested 0.03% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR). Levin Cap Strategies Ltd Partnership has 0.01% invested in the company for 2,962 shares. Covey Advsr Limited Liability Corporation holds 0.93% or 7,428 shares in its portfolio. Wellington Shields Limited Company, a New York-based fund reported 2,673 shares. Burt Wealth Advsrs holds 0.09% or 355 shares in its portfolio. Kemnay Advisory accumulated 6.56% or 36,997 shares. Texas Yale Cap Corp accumulated 0.24% or 10,630 shares. Eidelman Virant, a Missouri-based fund reported 904 shares. Selkirk Mgmt Lc has invested 6.9% of its portfolio in Charter Communications, Inc. (NASDAQ:CHTR).
Insider Transactions: Since August 11, 2016, the stock had 1 buy, and 4 insider sales for $13.97 million net activity. $1.83M worth of Charter Communications, Inc. (NASDAQ:CHTR) shares were sold by Hargis Jonathan. On Thursday, August 18 Ramos Mauricio bought $255,000 worth of the stock or 1,000 shares. Bickham John sold $9.46M worth of Charter Communications, Inc. (NASDAQ:CHTR) on Tuesday, August 16. Another trade for 8,380 shares valued at $2.15 million was made by Dykhouse Richard R on Thursday, August 11. Another trade for 3,000 shares valued at $774,454 was sold by Jacobson Craig A.
More news for Charter Communications, Inc. (NASDAQ:CHTR) were recently published by: Wsj.com, which released: “Charter Communications’ Revenue Rises 7.4%” on November 03, 2016. Zacks.com‘s article titled: “Charter Communications: Prospects Bright, Competition Rife” and published on November 25, 2016 is yet another important article.
CHTR Company Profile
Charter Communications, Inc. (Charter), incorporated on July 22, 1999, is a well-known provider of cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers. The Firm operates through broadband services segment. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services. The Company’s infrastructure consists of a hybrid of fiber and coaxial cable plant with approximately 12.8 million estimated passings, with over 98% at approximately 550 megahertz (MHz), over 99% of plant miles two-way active and approximately 100% of plant all-digital. The Firm sells its video, Internet and voice services primarily on a subscription basis, often in a bundle of two or more services. It offers Charter Spectrum brand in its all-digital markets. Digital video enables its clients to access advanced video services, such as high definition (HD) television, video on demand programming, an interactive program guide and digital video recorder (DVR) service. Through Spectrum Business, it provides tailored broadband communications solutions to business and carrier organizations, such as video entertainment services, Internet access, business telephone services, data networking and fiber connectivity to cellular towers and office buildings. The Company’s advertising sales division, Spectrum Reach, provides local, regional and national businesses with a focus on advertising in individual markets on cable television networks. Through its hybrid fiber and coaxial cable network, the Company offers its clients traditional cable video services, as well as advanced video services (such as video on demand, HD television, and DVR service), Internet services and voice services. The Company’s voice services are provided using voice over Internet protocol (VoIP) technology, to transmit digital voice signals over the Company’s systems.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.