Analyst Rating Update on Charter Communications (CHTR)

Charter Communications (NASDAQ:CHTR) : The consensus on Charter Communications (NASDAQ:CHTR) based on 11 analyst recommendation on the company stock is 1.77, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Charter Communications (NASDAQ:CHTR) : 9 Wall Street analysts covering Charter Communications (NASDAQ:CHTR) believe that the average level the stock could reach for the short term is $264.36. The maximum price target given is $285 and the minimum target for short term is around $230, hence the standard deviation is calculated at $24.07.

For this week, the average consensus of the company shares are rated as a Strong Buy. Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Charter Communications (NASDAQ:CHTR). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup maintains a current price target of $270 per share. The rating by the firm was issued on June 16, 2016.

Charter Communications (NASDAQ:CHTR): stock turned positive on Tuesday. Though the stock opened at $217.52, the bulls momentum made the stock top out at $220.62 level for the day. The stock recorded a low of $216.09 and closed the trading day at $218.38, in the green by 0.97%. The total traded volume for the day was 1,573,185. The stock had closed at $216.28 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Hargis Jonathan, officer (EVP/Chief Marketing Officer) of Charter Communications, Inc. /Mo/, had unloaded 6,350 shares at an average price of $215.04 in a transaction dated on May 2, 2016. The total value of the transaction was worth $1,365,504.

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 Companys voice services are primarily provided using voice over Internet protocol (VoIP) technology, to transmit digital voice signals over the Companys systems.

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