Citigroup Maintains Charter Communications to Buy with Price Target $318.00

Brokerage firm Citigroup Maintains its rating on Charter Communications(NASDAQ:CHTR). In a research note issued to the investors, the brokerage major Raises the price-target to $318.00 per share. The shares have been rated Buy. The rating by Citigroup was issued on Sep 30, 2016.

In a different note, On Sep 28, 2016, Macquarie said it Maintains its rating on Charter Communications. In the research note, the firm Raises the price-target to $286.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 29, 2016, Guggenheim Securities said it Assumes its rating on Charter Communications. The shares have been rated ‘Buy’ by the firm. On Aug 16, 2016, Barclays said it Maintains its rating on Charter Communications. In the research note, the firm Raises the price-target to $238.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 11, 2016, Deutsche Bank said it Maintains its rating on Charter Communications. In the research note, the firm Raises the price-target to $285.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Jefferies said it Maintains its rating on Charter Communications. In the research note, the firm Raises the price-target to $210.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 10, 2016, UBS said it Maintains its rating on Charter Communications. In the research note, the firm Raises the price-target to $278.00 per share. The shares have been rated ‘Buy’ by the firm.

Charter Communications (CHTR) shares turned negative on Tuesdays trading session with the shares closing down -0.75 points or -0.28% at a volume of 17,45,311. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $269.56. The peak price level was also seen at $269.56 while the days lowest was $265.93. Finally the shares closed at $267.41. The 52-week high of the shares is $279.95 while the 52-week low is $172.67198. According to the latest information available, the market cap of the company is $72,449 M.

Charter Communications(CHTR) last announced its earnings results on Aug 9, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $6.16B. Analysts had an estimated revenue of $1.66B. Earnings per share were $15.17.

Several Insider Transactions has been reported to the SEC. On Sep 13, 2016, John Bickham (President and COO) sold 36,825 shares at $257.02 per share price.Also, On Aug 19, 2016, Mauricio Ramos (director) purchased 1,000 shares at $255.00 per share price.On Aug 15, 2016, Richard R Dykhouse (EVP/Gen Counsel/Corp Secretary) sold 8,380 shares at $256.73 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Charter Communications - Is it time to Sell?

Top Brokerage Firms are advising their investors on Charter Communications. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.