Charter Communications, Inc. stock performance trend indicates that the stock price has rallied 12.18% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 20.68% . Looking at the past 52 week period, the stock price is up at 46.57% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Charter Communications, Inc. has a positive value of 38.01 compared to overall market.Charter Communications, Inc. is having a Relative Strength Index of 59.82 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Charter Communications, Inc. (NASDAQ:CHTR) rallied by 0.72% during the past week but lost 0.23% on a 4-week basis. The company has outperformed the S&P 500 by 0.48% in the past week but underperformed the index by 1.36% in the last 4 weeks.
Charter Communications, Inc. (NASDAQ:CHTR) : On Friday heightened volatility was witnessed in Charter Communications, Inc. (NASDAQ:CHTR) which led to swings in the share price. The stock opened for trading at $324.95 and hit $326.27 on the upside , eventually ending the session at $325.81, with a gain of 0.65% or 2.09 points. The heightened volatility saw the trading volume jump to 1,450,970 shares. The 52-week high of the share price is $341.5 and the company has a market cap of $100,131 million. The 52-week low of the share price is at $214.06 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Charter Communications was Downgraded by MoffettNathanson on Feb 22, 2017 to Neutral, Price Target of the shares are set at $337.Company shares were Downgraded by Telsey Advisory Group on Feb 17, 2017 to Market Perform, Raises Price Target to $ 345 from a previous price target of $308 .Company shares were Reiterated by Pivotal Research Group on Feb 16, 2017 to Buy, Raises Price Target to $ 400 from a previous price target of $350 .Charter Communications was Initiated by HSBC Securities to Hold on Jan 19, 2017.
Company has reported several Insider transactions to the SEC, on Feb 23, 2017, Jonathan Hargis (EVP/Chief Marketing Officer) sold 20,000 shares at 324.30 per share price.On Sep 13, 2016, John Bickham (President and COO) sold 36,825 shares at 257.02 per share price.On Aug 19, 2016, Mauricio Ramos (director) purchased 1,000 shares at 255.00 per share price.
Charter Communications Last issued its quarterly earnings results on Feb 16, 2017. The company reported $1.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.58. Analyst had a consensus of $1.09. The company had revenue of $10275.00 million for the quarter, compared to analysts expectations of $10234.06 million. The companys revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.09 EPS.
Charter Communications is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including advanced Charter Spectrum TV video entertainment programming, Charter Spectrum Internet access, and Charter Spectrum Voice. Spectrum Business similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charters advertising sales and production services are sold under the Charter Media brand.