Charter Communications (CHTR) is Initiated by BofA/Merrill to Buy, Price Target at $300

Charter Communications (CHTR) was Initiated by BofA/Merrill to “Buy” and the brokerage firm has set the Price Target at $300. BofA/Merrill advised their investors in a research report released on Aug 2, 2016.

Many Wall Street Analysts have commented on Charter Communications. Argus Initiated Charter Communications on Jul 20, 2016 to “Buy”, Price Target of the shares are set at $300.Company shares were Reiterated by Wunderlich on Jun 20, 2016 to “Buy”, Firm has raised the Price Target to $ 280 from a previous price target of $254 .Citigroup Resumed Charter Communications on Jun 16, 2016 to “Buy”, Price Target of the shares are set at $270.

On the company’s financial health, Charter Communications reported $-1.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.32 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $-1.36. The company had revenue of $2530.00 million for the quarter, compared to analysts expectations of $2533.54 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.73 EPS.

Charter Communications closed down -2.93 points or -1.23% at $234.87 with 10,08,086 shares getting traded on Friday. Post opening the session at $238.55, the shares hit an intraday low of $234.77 and an intraday high of $238.8899 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on May 3, 2016, Jonathan Hargis (EVP/Chief Marketing Officer) sold 6,350 shares at $215.04 per share price. According to the SEC, 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.

Charter Communications

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