A statement released earlier today by Citigroup about Charter Communications Inc. (NASDAQ:CHTR) bumps the target price to $318.00
- Updated: September 30, 2016
Stating a potential upside of 0.18%, Citigroup upped the price target of Charter Communications Inc. (NASDAQ:CHTR) to $318.00
Previously on 9/28/2016, Macquarie Research reported on Charter Communications Inc. (NASDAQ:CHTR) increased the target price from $286.00 to $289.00. At the time, this indicated a possible upside of 0.05%.
Just yesterday Charter Communications Inc. (NASDAQ:CHTR) traded -0.45% lower at $270.51. Charter Communications Inc.’s 50-day moving average is $263.87 and its 200-day moving average is $230.27. The last closing price is up 17.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,133,954 shares of CHTR traded hands, down from an average trading volume of 2,304,470
Recent Performance Chart
Charter Communications Inc. has 52 week low of $156.13 and a 52 week high of $279.95 with a PE ratio of 12.08 and has a market capitalization of $0.
In addition to Citigroup reporting its stock price target, a total of 1 broker has issued a research note on the company. The average stock price target is $0.50 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Charter Communications Inc. (NASDAQ:CHTR)
Charter Communications, Inc. (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company's services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services. Its infrastructure consists of a hybrid of fiber and coaxial cable plant with approximately 12.8 million estimated passings, with over 98% at approximately 550 megahertz (MHz) or greater, over 99% of plant miles two-way active and approximately 100% of plant all-digital. It sells its video, Internet and voice services primarily on a subscription basis, often in a bundle of two or more services. It offers Charter Spectrum brand in its all-digital markets. Digital video enables its customers to access advanced video services, such as high definition (HD) television, video on demand programming, an interactive program guide and digital video recorder (DVR) service.
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