In a report released yesterday, Kannan Venkateshwar from Barclays maintained a Sell rating on Charter Communications (CHTR), with a price target of $338.00. The company’s shares closed last Monday at $422.96, close to its 52-week high of $432.16.
According to TipRanks.com, Venkateshwar is a 3-star analyst with an average return of 1.7% and a 52.4% success rate. Venkateshwar covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Altice Usa Inc, and Dish Network.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Charter Communications with a $441.60 average price target.
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Based on Charter Communications’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $11.35 billion and net profit of $314 million. In comparison, last year the company earned revenue of $10.89 billion and had a net profit of $493 million.
Based on the recent corporate insider activity of 34 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.
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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.