Brokerage Firm Rating Update on Charter Communications (CHTR)

Charter Communications (CHTR) : Zacks Investment Research ranks Charter Communications (CHTR) as 3, which is a Hold recommendation. 8 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 1.65, which indicates as a Buy.

Charter Communications (CHTR) : The highest short term price target forecast on Charter Communications (CHTR) is $300 and the lowest target price is $240. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $279.08 with a standard deviation of $21.66.


Also, Guggenheim Securities assumes their rating on the shares of Charter Communications (NASDAQ:CHTR). The current rating of the shares is Buy. The rating by the firm was issued on August 29, 2016.

Charter Communications (NASDAQ:CHTR): The stock opened at $273.42 and touched an intraday high of $277.69 on Wednesday. During the day, the stock corrected to an intraday low of $272.65, however, the bulls stepped in and pushed the price higher to close in the green at $277.56 with a gain of 1.05% for the day. The total traded volume for the day was 35,466,604. The stock had closed at $274.67 in the previous trading session.

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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