Fintel reports that on September 22, 2023, Wells Fargo upgraded their outlook for Charter Communications Inc. – (NASDAQ:CHTR) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 9.48% Upside
As of August 31, 2023, the average one-year price target for Charter Communications Inc. – is 489.16. The forecasts range from a low of 293.91 to a high of $698.25. The average price target represents an increase of 9.48% from its latest reported closing price of 446.82.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Charter Communications Inc. – is 56,325MM, an increase of 3.28%. The projected annual non-GAAP EPS is 37.16.
What is the Fund Sentiment?
There are 1771 funds or institutions reporting positions in Charter Communications Inc. -. This is a decrease of 134 owner(s) or 7.03% in the last quarter. Average portfolio weight of all funds dedicated to CHTR is 0.38%, a decrease of 7.47%. Total shares owned by institutions decreased in the last three months by 4.28% to 87,490K shares. The put/call ratio of CHTR is 0.72, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 8,567K shares representing 5.72% ownership of the company. In it’s prior filing, the firm reported owning 8,683K shares, representing a decrease of 1.35%. The firm decreased its portfolio allocation in CHTR by 0.74% over the last quarter.
Capital International Investors holds 6,999K shares representing 4.68% ownership of the company. In it’s prior filing, the firm reported owning 6,990K shares, representing an increase of 0.12%. The firm decreased its portfolio allocation in CHTR by 3.53% over the last quarter.
DODGX – Dodge & Cox Stock Fund holds 5,317K shares representing 3.55% ownership of the company. In it’s prior filing, the firm reported owning 5,297K shares, representing an increase of 0.36%. The firm decreased its portfolio allocation in CHTR by 1.14% over the last quarter.
Berkshire Hathaway holds 3,829K shares representing 2.56% ownership of the company. No change in the last quarter.
Massachusetts Financial Services holds 3,538K shares representing 2.36% ownership of the company. In it’s prior filing, the firm reported owning 3,718K shares, representing a decrease of 5.11%. The firm decreased its portfolio allocation in CHTR by 5.87% over the last quarter.
Charter Communications Background Information
(This description is provided by the company.)
Charter Communications, Inc. is a leading broadband connectivity company and cable operator serving more than 31 million customers in 41 states through its Spectrum brand. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.
This article originally appeared on Fintel
It’s Your Money, Your Future—Own It (sponsor)
Are you ahead, or behind on retirement? For families with more than $500,000 saved for retirement, finding a financial advisor who puts your interest first can be the difference, and today it’s easier than ever. SmartAsset’s free tool matches you with up to three fiduciary financial advisors who serve your area in minutes. Each advisor has been carefully vetted and must act in your best interests. Start your search now.
If you’ve saved and built a substantial nest egg for you and your family, don’t delay; get started right here and help your retirement dreams become a retirement reality.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.