In a report released today, Frank Louthan from Raymond James maintained a Buy rating on Charter Communications (NASDAQ: CHTR), with a price target of $365. The company’s shares opened today at $318.36.
According to TipRanks.com, Louthan is a 4-star analyst with an average return of 3.4% and a 53.3% success rate. Louthan covers the Technology sector, focusing on stocks such as Consolidated Comms, GTT Communications, and GDS Holdings Ltd.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Charter Communications with a $355.78 average price target, implying an 11.8% upside from current levels. In a report issued on October 23, Guggenheim also initiated coverage with a Buy rating on the stock with a $400 price target.
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Based on Charter Communications’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $10.89 billion and net profit of $493 million. In comparison, last year the company earned revenue of $10.46 billion and had a net profit of $48 million.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2018, Jonathan Hargis, the EVP of CHTR sold 7,046 shares for a total of $2,095,621.
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.
