Charter Communications Inc (NASDAQ: CHTR) has reported E.P.S. of $8.58 for its second fiscal quarter (ending June 30) versus $8.15 for the same period a year ago. E.P.S. were $31.89 for the latest four quarters through June 30 versus $30.19 for the same period a year ago.
Recent Price Action
On 7/26/24, Charter Communications Inc (NASDAQ: CHTR) stock enjoyed a major increase of 16.6%, closing at $367.62. Moreover, trading volume in this advance was exceptionally high at 377% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 14.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CHTR is expected to continue to be a major Value Builder.
Charter Communications has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Charter Communications has a neutral Appreciation Score of 54 but a very low Power Rating of 1, triggering the Lowest Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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