Charter Communications (CHTR) Receives a Buy from Guggenheim

By Jason Carr

In a report released today, Mike McCormack from Guggenheim maintained a Buy rating on Charter Communications (CHTRResearch Report), with a price target of $488. The company’s shares closed last Monday at $425.42, close to its 52-week high of $431.43.

McCormack has an average return of 27.4% when recommending Charter Communications.

According to TipRanks.com, McCormack is ranked #91 out of 5554 analysts.

Charter Communications has an analyst consensus of Moderate Buy, with a price target consensus of $437.92.

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The company has a one-year high of $431.43 and a one-year low of $272.91. Currently, Charter Communications has an average volume of 1.05M.

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.