MoffettNathanson Believes CHTR Won’t Stop Here

By Jason Carr

Charter Communications (NASDAQ: CHTR) received a Buy rating from MoffettNathanson analyst Craig Moffett today. The company’s shares closed yesterday at $269.83, close to its 52-week high of $279.95.

Moffett has an average return of 55.4% when recommending Charter Communications.

According to TipRanks.com, Moffett is ranked #2627 out of 4205 analysts.

Currently, the analyst consensus on Charter Communications is Strong Buy and the average price target is $309.38, representing a 14.7% upside.

In a report issued on November 3, J.P. Morgan also reiterated a Buy rating on the stock with a $327 price target.

The company has a one year high of $279.95 and a one year low of $156.13. Currently, Charter Communications has an average volume of 2.5M.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2016, John Bickham, the EVP of CHTR sold 36,825 shares for a total of $9,464,762.

Charter Communications, Inc. provides broadband communications services. Its services include Spectrum TV video entertainment programming, 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. Its advertising sales and production services are sold under the Spectrum Reach brand. The company was founded on July 22, 1999 and is headquartered in Stamford, CT.