Morgan Stanley analyst Benjamin Swinburne maintained a Buy rating on Charter Communications (CHTR) today and set a price target of $600.00. The company’s shares closed last Monday at $517.20, close to its 52-week high of $546.54.
According to TipRanks.com, Swinburne is a 5-star analyst with an average return of 9.1% and a 57.0% success rate. Swinburne covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Interpublic Group of Companies, and Madison Square Garden Sports.
Charter Communications has an analyst consensus of Strong Buy, with a price target consensus of $556.95, representing an 8.3% upside. In a report issued on April 20, UBS also maintained a Buy rating on the stock with a $575.00 price target.
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Charter Communications’ market cap is currently $119.4B and has a P/E ratio of 86.10. The company has a Price to Book ratio of -1.41.
Based on the recent corporate insider activity of 66 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, Inc. engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. It operates through Cable Services segment. Its advertising sales and production services are sold under the Spectrum Reach brand. The company was founded in 1993 and is headquartered in Stamford, CT.
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