Charter Communications (NASDAQ:CHTR) Issues Quarterly Earnings Results

Charter Communications (NASDAQ:CHTR) posted its quarterly earnings results on Friday. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96, RTT News reports. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. During the same quarter in the prior year, the firm posted $7.07 EPS.

Charter Communications Price Performance

Shares of Charter Communications stock traded up $8.80 during mid-day trading on Friday, reaching $345.42. 1,542,342 shares of the stock traded hands, compared to its average volume of 1,235,984. The business has a 50-day moving average of $364.14 and a 200 day moving average of $352.64. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The stock has a market capitalization of $49.12 billion, a PE ratio of 10.81, a PEG ratio of 0.47 and a beta of 1.10. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24.

Wall Street Analyst Weigh In

CHTR has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and set a $450.00 price target on shares of Charter Communications in a research note on Friday. Barclays boosted their price objective on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday, November 4th. Pivotal Research boosted their price objective on Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, Morgan Stanley boosted their price objective on Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Charter Communications has a consensus rating of “Hold” and a consensus target price of $383.89.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.