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Argus Research Remains a Hold on Charter Communications (CHTR)

Tipranks - Tipranks - Fri May 1, 7:56AM CDT

In a report released yesterday, from Argus Research maintained a Hold rating on Charter Communications. The company’s shares closed yesterday at $158.65.

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In addition to Argus Research, Charter Communications also received a Hold from J.P. Morgan’s Sebastiano Petti in a report issued yesterday. However, on April 28, Citi assigned a Buy rating to Charter Communications (NASDAQ: CHTR).

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Based on Charter Communications’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $13.6 billion and a net profit of $1.16 billion. In comparison, last year the company earned a revenue of $13.74 billion and had a net profit of $1.22 billion

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CHTR in relation to earlier this year. Earlier this month, Wade Davis, a Director at CHTR bought 5,728.00 shares for a total of $995,068.16.

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