Charter Communications (CHTR) Gets a Hold Rating from Oppenheimer


Oppenheimer analyst Timothy Horan assigned a Hold rating to Charter Communications (CHTR) today. The company’s shares opened today at $340.60.

According to TipRanks.com, Horan is a top 100 analyst with an average return of 14.9% and a 70.3% success rate. Horan covers the Technology sector, focusing on stocks such as Zayo Group Holdings, Limelight Networks, and GTT Communications.

Currently, the analyst consensus on Charter Communications is a Strong Buy with an average price target of $390.18, a 14.6% upside from current levels. In a report issued on February 1, Credit Suisse also maintained a Hold rating on the stock with a $345 price target.

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Charter Communications’ market cap is currently $76.71B and has a P/E ratio of 64.84. The company has a Price to Book ratio of 2.11.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Richard Dykhouse, the EVP of CHTR sold 11,000 shares for a total of $3,747,920.

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, Inc. provides broadband communications services. Its services include Spectrum TV, Spectrum Internet access, and Spectrum Voice. It offers business-to-business Internet access, data networking, business telephone, video and music entertainment services and wireless backhaul. It operates through Cable Services segment.

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