Citigroup Maintains Charter Communications to Buy

Brokerage firm Citigroup Maintains its rating on Charter Communications(NASDAQ:CHTR). The shares have been rated Buy. The rating by Citigroup was issued on Jun 16, 2016.

In a different note, 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. On May 2, 2016, Wunderlich said it Maintains its rating on Charter Communications. In the research note, the firm Raises the price-target to $221.00 per share. The shares have been rated ‘Buy’ by the firm.

Charter Communications (CHTR) made into the market gainers list on Tuesdays trading session with the shares advancing 0.76% or 1.69 points. Due to strong positive momentum, the stock ended at $222.81, which is also near the day’s high of $223. The stock began the session at $220.35 and the volume stood at 16,55,166 shares. The 52-week high of the shares is $242.8445 and the 52 week low is $172.67198. The company has a current market capitalization of $22,658 M and it has 10,16,93,652 shares in outstanding.

Charter Communications(CHTR) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.53B. Analysts had an estimated revenue of $1.66B. Earnings per share were $-1.68.

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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