Charter Communications Inc. (NASDAQ:CHTR) a Buy: Wunderlich

In a research note issued to investors, Matthew Harrigan at Wunderlich Reiterated their Buy rating on Charter Communications, Inc. (NASDAQ:CHTR). The analyst placed a $217.00 price target on the stock which indicates a 15.51% upside to the last closing price. In the year following Matthew’s ratings, the stocks covered yield an average return of 9.8% according to TipRanks.com. In the past year 79 out of 110 recommendations or 72% were successful.

Charter Communications, Inc. (NASDAQ:CHTR) shares opened the most recent trading session at 189.84 and at the time of writing the last Bid was at N/A. In the current trading session the stock reached as high as 190.00 and dipped down to 188.70. Charter Communications, Inc., a NMS listed company, has a current market cap of 21.17B and on average over the past 3 months has seen 915017 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 177.74. Based on a recent trade, this puts the equity at +6.36% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -3.55% away from it’s 52-week high of 196.00 and +61.88% away from the stock’s low point over the past 52 weeks, which was 116.78. On a consensus basis, analysts have a one year target price of 192.63. The company last reported earnings per share of -1.69.

The consensus analyst estimates according to First Call for the next quarter is 0.19. The current year EPS estimate on the stock is 0.88 and the EPS estimate for next year sits at 2.92. In looking at the fundamentals, CHTR has a P/E ratio of N/A and a price to book ratio of 144.31. The company’s Book Value is 1.30 and most recently reported EBITDA of 3.14B. The price compared to next year’s EPS estimate in the current year is 64.74.

Company Profile

Charter Communications, Inc. (CHTR) provides cable services offering a range of entertainment, information and communications solutions to residential and commercial customers. It sells its video, Internet and telephone services on a subscription basis, often in a bundle of two or more services, providing savings and convenience to its customers. Digital video enables its customers to access advanced video services, such as high definition (HD) television, Charter OnDemand (OnDemand) video programming, an interactive program guide and digital video recorder (DVR) service. Its Internet service is available in a range of download speeds up to 100 megabits per second and upload speeds of up to five megabits per second. It provides scalable, tailored broadband communications solutions to business and carrier organizations, such as Internet access, data networking, fiber connectivity to cellular towers and office buildings, video entertainment services and business telephone services.