In a report released today, Alan Gould from Loop Capital Markets maintained a Hold rating on Charter Communications (CHTR – Research Report), with a price target of $335.00. The company’s shares closed last Friday at $319.21.
According to TipRanks, Gould is a 4-star analyst with an average return of 5.4% and a 54.71% success rate. Gould covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Walt Disney, and Netflix.
In addition to Loop Capital Markets, Charter Communications also received a Hold from Oppenheimer’s Timothy Horan in a report issued today. However, on the same day, Pivotal Research reiterated a Buy rating on Charter Communications (NASDAQ: CHTR).
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Based on Charter Communications’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $13.71 billion and a net profit of $1.06 billion. In comparison, last year the company earned a revenue of $13.67 billion and had a net profit of $1.2 billion
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CHTR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Charter Communications (CHTR) Company Description:
Founded in 1993, Charter Communications, Inc. provides cable and broadband communications services to more than 30 million customers in the United States through its Spectrum brand. The company’s services include internet access, data networking, video programming, voice communications, and local advertising services. The company also provides regional sports networks and local sports, news, and original programming to its customers. The company is headquartered in Stamford, Connecticut.
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