Analysts Expect Charter Stock to Rise
Of the 28 Reuters-surveyed analysts covering Charter Communications (CHTR) on November 29, 75% recommended “buy,” 21% recommended “hold,” and 4% recommended “sell.” Charter stock has fallen ~0.4% in the last 12 months and ~1.7% year-to-date. Based on the stock’s November 29 price of $330.33, analysts’ target price of $372.36 implies they expect the stock to rise ~12.7% over the next 12 months. Their target price has risen from $370.72 a month ago.