Charter Communications Inc. [CHTR] stock is trading at $258.03, up 0.18%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CHTR shares have lost -1.83% over the last week, with a monthly amount drifted -12.88%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Charter Communications Inc. [NASDAQ: CHTR] stock has seen the most recent analyst activity on March 18, 2024, when Bernstein upgraded its rating to a Outperform but kept the price target unchanged to $370 for it. Previously, Rosenblatt downgraded its rating to Neutral on February 20, 2024. On February 05, 2024, Pivotal Research Group reiterated its Buy rating and revised its price target to $450 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $340 on February 05, 2024. JP Morgan downgraded its rating to a Neutral and reduced its price target to $370 on February 05, 2024. Bernstein started tracking with a Mkt Perform rating for this stock on October 06, 2023, and assigned it a price target of $463. In a note dated September 22, 2023, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $450 to $550.
Charter Communications Inc. [CHTR] stock has fluctuated between $254.31 and $458.30 over the past year. Currently, Wall Street analysts expect the stock to reach $575.08 within the next 12 months. Charter Communications Inc. [NASDAQ: CHTR] shares were valued at $258.03 at the most recent close of the market. An investor can expect a potential return of 122.87% based on the average CHTR price forecast.
Analyzing the CHTR fundamentals
Charter Communications Inc. [NASDAQ:CHTR] reported sales of 54.61B for the trailing twelve months, which represents a growth of 0.27%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.43 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of8.82.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 255.35 points at the first support level, and at 252.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 262.99, and for the 2nd resistance point, it is at 267.94.
Ratios To Look Out For
For context, Charter Communications Inc.’s Current Ratio is 0.31. Also, the Quick Ratio is 0.31, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 3.38 and price to earnings (TTM) ratio is 8.59.
Transactions by insiders
Recent insider trading involved Jacobson Craig A, Director, that happened on Feb 28 ’24 when 918.0 shares were sold. President and CEO, Winfrey Christopher L completed a deal on Feb 06 ’24 to buy 5050.0 shares. Meanwhile, Executive Chairman Rutledge Thomas sold 83970.0 shares on Nov 17 ’23.
