Charter Communications (CHTR) was Reiterated by Pivotal Research Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 285 from a previous price target of $250 . Pivotal Research Group advised their investors in a research report released on May 24, 2016.
Many Wall Street Analysts have commented on Charter Communications. Company shares were Reiterated by Deutsche Bank on May 12, 2016 to “Buy”, Firm has raised the Price Target to $ 260 from a previous price target of $230 .Company shares were Reiterated by UBS on Mar 29, 2016 to “Buy”, Firm has raised the Price Target to $ 250 from a previous price target of $220 .Charter Communications was Upgraded by JP Morgan to ” Overweight” on Feb 25, 2016.
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 opened for trading at $227.46 and hit $233.6999 on the upside on Friday, eventually ending the session at $233.11, with a gain of 2.43% or 5.54 points. The heightened volatility saw the trading volume jump to 55,19,402 shares. Company has a market cap of $26,217,415 M.
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 Companys voice services are primarily provided using voice over Internet protocol (VoIP) technology to transmit digital voice signals over the Companys systems.