Charter Communications (CHTR) : Analyst Rating Update

Charter Communications (CHTR) : 6 brokerage houses believe that Charter Communications (CHTR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Charter Communications (CHTR). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 1.77.

Charter Communications (CHTR) : Average target price received by Charter Communications (CHTR) is $264.36 with an expected standard deviation of $24.07. The most aggressive target on the stock is $285, whereas the most downbeat target is $230. 9 financial analysts are currently covering the stock.

Charter Communications (NASDAQ:CHTR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $231.00 and $229.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $232.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $232.78, notching a gain of 0.44% for the day. The total traded volume was 1,312,965 . The stock had closed at $231.77 on the previous day.

Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Charter Communications (NASDAQ:CHTR). Citigroup has a Buy rating on the shares. As per the latest report, the brokerage house maintains the price target to $270 per share. The rating by the firm was issued on June 16, 2016. The company shares have rallied 34.54% from its 1 Year high price. On Jul 5, 2016, the shares registered one year high at $234.47 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $223.31 and the 200 Day Moving Average price is recorded at $197.22.

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.

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