Investors Still Aren’t Entirely Convinced By Charter Communications, Inc.’s (NASDAQ:CHTR) Earnings Despite 26% Price Jump
Charter Communications, Inc. (NASDAQ:CHTR) shares have had a really impressive month, gaining 26% after a shaky period beforehand. The last 30 days bring the annual gain to a very sharp 56%.
Although its price has surged higher, given about half the companies in the United States have price-to-earnings ratios (or “P/E’s”) above 19x, you may still consider Charter Communications as an attractive investment with its 11.5x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
Our free stock report includes 1 warning sign investors should be aware of before investing in Charter Communications. Read for free now.
Recent times have been advantageous for Charter…
