Charter Communications (CHTR) has risen sharply, recording gains of 6.84% in the past 4 weeks. However, the stock has corrected -0.67% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.06% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a twenty day Moving Average of 0.98% and the fifty day Moving Average is 5.34%. Charter Communications, Inc. is up 14.07% in the last three month period. Year-to-Date the stock performance stands at 37.05%.
Charter Communications (CHTR) stock is expected to deviate a maximum of $21.64 from the average target price of $277.18 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $300 and the most muted being $240.
Charter Communications (NASDAQ:CHTR): On Fridays trading session , Opening price of the stock was $252.73 with an intraday high of $253.34. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $249.125. However, the stock managed to close at $250.93, a loss of 0.45% for the day. On the previous day, the stock had closed at $252.07. The total traded volume of the day was 926,490 shares.
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.