Revenue Update on Charter Communications(NASDAQ:CHTR)

Charter Communications(NASDAQ:CHTR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $6.16B. Analysts estimated a revenue of $1.66B. Earnings per share were $15.17.

In a different note, Bank of America said it Initiates Coverage on Charter Communications, according to a research note issued on Aug 2, 2016. The shares have been rated ‘Buy’ by the firm. Argus Research said it Initiates Coverage on Charter Communications, according to a research note issued on Jul 20, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 16, 2016, Citigroup said it Maintains its rating on Charter Communications. The shares have been rated ‘Buy’ by the firm. On Jun 14, 2016, Morgan Stanley said it Assumes its rating on Charter Communications. The shares have been rated ‘Overweight’ by the firm. On May 18, 2016, JP Morgan said it Maintains its rating on Charter Communications. In the research note, the firm Raises the price-target to $236.00 per share. The shares have been rated ‘Overweight’ by the firm. On May 12, 2016, Deutsche Bank said it Maintains its rating on Charter Communications. In the research note, the firm Raises the price-target to $230.00 per share. The shares have been rated ‘Buy’ by the firm.

Charter Communications (CHTR) made into the market gainers list on Wednesdays trading session with the shares advancing 0.11% or 0.29 points. Due to strong positive momentum, the stock ended at $257.43, which is also near the day’s high of $258.9. The stock began the session at $256.3 and the volume stood at 11,08,672 shares. The 52-week high of the shares is $261.75 and the 52 week low is $172.67198. The company has a current market capitalization of $69,745 M and it has 27,09,27,830 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 3, 2016, Jonathan Hargis (EVP/Chief Marketing Officer) sold 6,350 shares at $215.04 per share price.Also, On Apr 6, 2016, John D Jr Markley (director) sold 2,000 shares at $205.13 per share price.On Aug 28, 2015, Richard R Dykhouse (EVP/Gen Counsel/Corp Secretary) sold 7,000 shares at $180.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Charter Communications Inc. (Charter) is a provider of cable services in the United States offering a variety of entertainment information and communications solutions to residential and commercial customers. The Company sells its video Internet and voice services primarily on a subscription basis often in a bundle of two or more services. The Company provides 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. Through its hybrid fiber and coaxial cable network the Company offers its customers traditional cable video services as well as advanced video services Internet services and voice services. The Company’s voice services are primarily provided using voice over Internet protocol (VoIP) technology to transmit digital voice signals over the Company’s systems.

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