Charter Rises On Unusually High Volume (CHTR)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Charter Communications (Nasdaq: CHTR) is trading at unusually high volume Friday with 2.4 million shares changing hands. It is currently at three times its average daily volume and trading up $5.63 (+4.9%) at $119.68 as of 4 p.m. ET.

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Charter has a market cap of $11.93 billion and is part of the services sector and media industry. Shares are up 49.6% year to date as of the close of trading on Thursday.

Charter Communications, Inc., through its subsidiaries, provides entertainment, information, and communications solutions to residential and commercial customers in the United States.

TheStreet Ratings rates Charter as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, disappointing return on equity and poor profit margins. You can view the full Charter Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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