Charter Communications (CHTR) : Traders are bullish on Charter Communications (CHTR) as it has outperformed the S&P 500 by a wide margin of 8.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 10.09%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 10.15% in the last 1 week, and is up 10.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.85% and the 50-Day Moving Average is 11.55%. Charter Communications (NASDAQ:CHTR): stock turned positive on Friday. Though the stock opened at $256.53, the bulls momentum made the stock top out at $258.8999 level for the day. The stock recorded a low of $255.04 and closed the trading day at $258.62, in the green by 0.22%. The total traded volume for the day was 948,296. The stock had closed at $258.06 in the previous days trading.
The company Insiders own 1.51% of Charter Communications shares according to the proxy statements. Institutional Investors own 49.94% of Charter Communications shares. During last six month period, the net percent change held by insiders has seen a change of -17.17%. Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Charter Communications (NASDAQ:CHTR). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank raises the price target from $285 per share to $300 per share. The rating by the firm was issued on August 11, 2016.
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.