Charter Communications (CHTR) was Downgraded by MoffettNathanson to ” Neutral”. Earlier the firm had a rating of “Buy ” on the company shares. MoffettNathanson advised their investors in a research report released on Oct 11, 2016.
Many Wall Street Analysts have commented on Charter Communications. Company shares were Reiterated by Telsey Advisory Group on Oct 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 302 from a previous price target of $246 .Company shares were Reiterated by Pivotal Research Group on Sep 26, 2016 to “Buy”, Firm has raised the Price Target to $ 350 from a previous price target of $333 .Guggenheim Resumed Charter Communications on Aug 29, 2016 to “Buy”, Price Target of the shares are set at $300.
On the company’s financial health, Charter Communications reported $0.99 EPS for the quarter, beating the analyst consensus estimate by $ 0.28 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.71. The company had revenue of $9988.00 million for the quarter, compared to analysts expectations of $9958.47 million. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.09 EPS.
Charter Communications closed down -1.2 points or -0.45% at $266.97 with 13,73,526 shares getting traded on Friday. Post opening the session at $269.04, the shares hit an intraday low of $266.92 and an intraday high of $269.04 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Sep 13, 2016, John Bickham (President and COO) sold 36,825 shares at $257.02 per share price. According to the SEC, on Aug 19, 2016, Mauricio Ramos (director) purchased 1,000 shares at $255.00 per share price. On Aug 15, 2016, Richard R Dykhouse (EVP/Gen Counsel/Corp Secretary) sold 8,380 shares at $256.73 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.