Morgan Stanley Sticks to Its Hold Rating for Charter Communications (CHTR)

In a report released today, Benjamin Swinburne from Morgan Stanley maintained a Hold rating on Charter Communications (CHTRResearch Report), with a price target of $600.00. The company’s shares closed last Wednesday at $495.38.

According to, Swinburne is a 5-star analyst with an average return of 8.7% and a 55.9% success rate. Swinburne covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Endeavor Group Holdings Inc, and Paramount Global Class B.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Charter Communications with a $583.50 average price target.

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The company has a one-year high of $825.62 and a one-year low of $410.33. Currently, Charter Communications has an average volume of 1.53M.

Based on the recent corporate insider activity of 69 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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Founded in 1993, Charter Communications, Inc. provides cable and broadband communications services to more than 30 million customers in the United States through its Spectrum brand. The company’s services include internet access, data networking, video programming, voice communications, and local advertising services. The company also provides regional sports networks and local sports, news, and original programming to its customers. The company is headquartered in Stamford, Connecticut.

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