Charter Communications (CHTR) in Focus: Stock Moves 5.2% Higher

Charter Communications, Inc.CHTR was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $328.67 to $350.07 in the past one-month time frame.

The move came after the company reported second-quarter 2017 results.

The company has seen a mixed track record when it comes to estimate revisions of three increases and three decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Charter Communications currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Charter Communications, Inc. Price and Consensus

Charter Communications, Inc. Price and Consensus | Charter Communications, Inc. Quote

A better-ranked stock in the Cable Television industry is Rogers Communication, Inc. RCI , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here .

Is CHTR going up? Or down? Predict to see what others think: Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it’s predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce “the world’s first trillionaires,” but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks’ 3 Best Stocks to Play This Trend

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Rogers Communication, Inc. (RCI): Free Stock Analysis Report

Charter Communications, Inc. (CHTR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research


comments powered by Disqus