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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
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Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Stock market today: Wall Street dips to send S&P 500 to its longest losing streak since January
Abbott Laboratories Outlook is Healthy: Buy the Dip
Prologis Stock Leading U.S. Logistics Boom

Charter Communications (CHTR) Stock Price, News & Analysis

$258.03
+0.46 (+0.18%)
(As of 04/17/2024 ET)
Today's Range
$257.62
$265.26
50-Day Range
$256.90
$299.42
52-Week Range
$254.31
$458.30
Volume
997,483 shs
Average Volume
1.61 million shs
Market Capitalization
$37.47 billion
P/E Ratio
8.60
Dividend Yield
N/A
Price Target
$380.80

Charter Communications MarketRank™ Stock Analysis

Analyst Rating
Hold
2.27 Rating Score
Upside/​Downside
47.6% Upside
$380.80 Price Target
Short Interest
Bearish
11.62% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.97
Upright™ Environmental Score
News Sentiment
0.04mentions of Charter Communications in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.27%
From $32.58 to $34.95 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.74 out of 5 stars

Consumer Discretionary Sector

9th out of 260 stocks

Cable & Other Pay Television Services Industry

1st out of 16 stocks

CHTR stock logo

About Charter Communications Stock (NASDAQ:CHTR)

Charter Communications Inc is a mass media and telecommunications company in Stamford, Connecticut. The company has become one of the largest cable and internet service providers in the United States since it was founded in 1993. Charter Communications serves over 30 million customers across 41 states. In addition to providing cable television and internet services, Charter offers home phone services, mobile services and advertising solutions. Key highlights of the company include its acquisition of Time Warner Cable in 2016, which made it the second-largest cable operator in the US and its launch of Spectrum Mobile, a mobile virtual network operator, in 2018.

Charter has seen steady growth in its financial metrics over the past few years. However, the company's debt levels have increased recently, with long-term debt rising from $64.2 billion in 2020 to $96 billion in 2023. This rise in debt is coupled with a stock price decrease of close to fifty percent from the third quarter of 2021 to the third quarter of 2022. 

Charter operates in the highly competitive telecommunications industry, undergoing significant changes due to technological advancements and shifting consumer preferences. The industry is dominated by a few prominent players, including Comcast, AT&T and Verizon. In addition, there has been a trend towards cord-cutting in recent years, as consumers increasingly opt for streaming services over traditional cable television. This trend has pressured cable companies to adapt and offer customers more flexible and affordable options. The industry is also subject to regulatory and political forces, with ongoing debates around net neutrality and the role of telecom companies in shaping public discourse.

Charter's leadership team changed hands in the fourth quarter of 2022 when Charter appointed previous COO Christopher Winfrey to the CEO lead, replacing CEO Thomas Rutledge, who had been at the helm for ten years. 

One of the key growth opportunities for Charter is its expansion into the mobile services market through Spectrum Mobile. The company launched Spectrum Mobile in 2018, leveraging its existing infrastructure to offer customers affordable mobile plans. Spectrum Mobile represents a significant growth opportunity for Charter as the demand for mobile services continues to grow. The company is also investing in its broadband network, with plans to extend its coverage and increase internet speeds in underserved areas.

One of the critical risks facing Charter is the ongoing trend towards cord-cutting, as customers increasingly opt for streaming services over traditional cable television. This trend has pressured cable companies to adapt and offer customers more flexible and affordable options. The industry is also subject to regulatory and political pressures, with ongoing debates around net neutrality and the role of telecom companies in shaping public discourse. As a result, Charter could face increased regulatory scrutiny, impacting its operations and financial performance. Another challenge for Charter is the potential for increased competition, particularly from new entrants to the market. The telecom industry is constantly evolving, with new technologies and players emerging. Charter must continue to innovate and invest in its network to remain competitive.

CHTR Stock Price History

CHTR Stock News Headlines

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Company Calendar

Last Earnings
2/02/2024
Today
4/17/2024
Next Earnings (Confirmed)
4/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
Cable & Satellite
Current Symbol
NASDAQ:CHTR
CUSIP
16117M30
Employees
101,100
Year Founded
1993

Price Target and Rating

Average Stock Price Target
$380.80
High Stock Price Target
$565.00
Low Stock Price Target
$250.00
Potential Upside/Downside
+47.5%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
15 Analysts

Profitability

Net Income
$4.56 billion
Pretax Margin
12.55%

Debt

Sales & Book Value

Annual Sales
$54.61 billion
Cash Flow
$91.57 per share
Book Value
$101.35 per share

Miscellaneous

Free Float
144,165,000
Market Cap
$37.50 billion
Optionable
Optionable
Beta
0.96

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Key Executives

Should I Buy Charter Communications Stock? CHTR Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Charter Communications, Inc.:

  • Charter Communications, Inc. operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States, providing a wide range of services including internet, video, mobile, and voice services.
  • The company offers a suite of broadband connectivity services, such as fixed internet, WiFi, and mobile, catering to the increasing demand for high-speed internet services in both residential and commercial sectors.
  • Charter Communications has shown consistent revenue growth, with the latest reported revenue of $13.71 billion for the quarter, indicating a stable financial performance.
  • Institutional investors have been increasing their positions in Charter Communications, with notable firms like Capital International Investors and State Street Corp showing confidence in the company's future prospects.
  • Despite missing analysts' consensus estimates for EPS in the latest quarter, Charter Communications has a strong return on equity of 32.32%, reflecting efficient utilization of shareholder equity.

Cons

Investors should be bearish about investing in Charter Communications, Inc. for these reasons:

  • Charter Communications reported an EPS of $7.07 for the quarter, missing analysts' consensus estimates, which may indicate potential volatility in the company's earnings performance.
  • The company's net margin of 8.35% raises concerns about profitability, as it indicates that Charter Communications retains only a small portion of its revenue as profit after accounting for all expenses.
  • While the company's revenue was up slightly year-over-year, the marginal increase of 0.3% may suggest challenges in achieving significant revenue growth in a competitive market environment.
  • Charter Communications faces competition in the cable and broadband industry, which could impact its market share and pricing power, potentially affecting its financial performance.
  • With sell-side analysts predicting an EPS of 33.33 for the current year, there may be uncertainties regarding the company's ability to meet or exceed these expectations, leading to potential market reactions.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, April 10, 2024. Please send any questions or comments about these Charter Communications pros and cons to contact@marketbeat.com.

CHTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Charter Communications stock right now?

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Charter Communications in the last twelve months. There are currently 1 sell rating, 9 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CHTR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CHTR, but not buy additional shares or sell existing shares.
View CHTR analyst ratings
or view top-rated stocks.

What is Charter Communications' stock price target for 2024?

15 brokerages have issued 12-month price targets for Charter Communications' shares. Their CHTR share price targets range from $250.00 to $565.00. On average, they predict the company's stock price to reach $380.80 in the next twelve months. This suggests a possible upside of 47.6% from the stock's current price.
View analysts price targets for CHTR
or view top-rated stocks among Wall Street analysts.

How have CHTR shares performed in 2024?

Charter Communications' stock was trading at $388.68 at the start of the year. Since then, CHTR shares have decreased by 33.6% and is now trading at $258.03.
View the best growth stocks for 2024 here
.

Are investors shorting Charter Communications?

Charter Communications saw a increase in short interest in March. As of March 31st, there was short interest totaling 11,410,000 shares, an increase of 13.5% from the March 15th total of 10,050,000 shares. Based on an average daily volume of 1,680,000 shares, the short-interest ratio is presently 6.8 days. Approximately 11.6% of the company's stock are short sold.
View Charter Communications' Short Interest
.

When is Charter Communications' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
View our CHTR earnings forecast
.

How can I listen to Charter Communications' earnings call?

Charter Communications will be holding an earnings conference call on Friday, April 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Charter Communications' earnings last quarter?

Charter Communications, Inc. (NASDAQ:CHTR) released its earnings results on Friday, February, 2nd. The company reported $7.07 EPS for the quarter, missing the consensus estimate of $8.76 by $1.69. The firm earned $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a trailing twelve-month return on equity of 32.32% and a net margin of 8.35%. The business's revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company earned $7.69 earnings per share.
Read the conference call transcript
.

What other stocks do shareholders of Charter Communications own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Charter Communications investors own include Intel (INTC), NVIDIA (NVDA), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Netflix (NFLX), Alibaba Group (BABA), Verizon Communications (VZ), Walmart (WMT), Home Depot (HD) and Walt Disney (DIS).

Who are Charter Communications' major shareholders?

Charter Communications' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Douglas Lane & Associates LLC (0.16%), IMC Chicago LLC (0.00%), Caledonia Investments PLC (0.10%), Guyasuta Investment Advisors Inc. (0.03%), Czech National Bank (0.01%) and Sendero Wealth Management LLC (0.01%). Insiders that own company stock include Christopher L Winfrey, Craig A Jacobson, David C Merritt, David C Merritt, David Ellen, John Bickham, Jonathan Hargis, Richard R Dykhouse, S P Iv Johnson, Steven A Miron and Thomas Rutledge.
View institutional ownership trends
.

How do I buy shares of Charter Communications?

Shares of CHTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Charter Communications have any subsidiaries?
The following companies are subsidiares of Charter Communications: Bresnan Broadband Holdings LLC, Bresnan Broadband of Colorado LLC, Bresnan Broadband of Montana LLC, Bresnan Broadband of Utah LLC, Bresnan Broadband of Wyoming LLC, Bresnan Digital Services LLC, Bright House Networks, Bright House Networks Information Services Alabama LLC, Bright House Networks Information Services California LLLC, Bright House Networks Information Services Florida LLC, Bright House Networks Information Services Indiana LLC, Bright House Networks Information Services Michigan LLC, CC Fiberlink LLC, CC VI Fiberlink LLC, CC VII Fiberlink LLC, CCH Holding Company LLC, CCH I Holdings LLC, CCH II LLC, CCHC LLC, CCO Fiberlink LLC, CCO Holdings Capital Corp., CCO Holdings LLC, CCO NR Holdings LLC, Charter Advanced Services MO LLC, Charter Communications Holding Company LLC, Charter Communications Holdings LLC, Charter Communications Inc., Charter Communications LLC, Charter Communications Operating Capital Corp., Charter Communications Operating LLC, Charter Communications VI L.L.C., Charter Distribution LLC, Charter Fiberlink CA-CCO LLC, Charter Fiberlink CC VIII LLC, Charter Fiberlink CCO LLC, Charter Fiberlink CT-CCO LLC, Charter Fiberlink LA-CCO LLC, Charter Fiberlink MA-CCO LLC, Charter Fiberlink MS-CCVI LLC, Charter Fiberlink NC-CCO LLC, Charter Fiberlink NH-CCO LLC, Charter Fiberlink NV-CCVII LLC, Charter Fiberlink NY-CCO LLC, Charter Fiberlink OR-CCVII LLC, Charter Fiberlink SC-CCO LLC, Charter Fiberlink TX-CCO LLC, Charter Fiberlink VA-CCO LLC, Charter Fiberlink VT-CCO LLC, Charter Fiberlink WA-CCVII LLC, Charter Fiberlink – Alabama LLC, Charter Fiberlink – Georgia LLC, Charter Fiberlink – Illinois LLC, Charter Fiberlink – Maryland II LLC, Charter Fiberlink – Michigan LLC, Charter Fiberlink – Missouri LLC, Charter Fiberlink – Nebraska LLC, Charter Fiberlink – Tennessee LLC, Charter Gateway LLC, Charter Leasing Holding Company LLC, Charter Procurement Leasing LLC, Clearview Networks, DukeNet Communications LLC, Fanch Communications, Helicon Cable, Innovar Media LLC, Insight Blocker LLC, Marcus Cable Associates L.L.C., Renaissance Media LLC, SCI Aviation Inc., Spectrum Advanced Services LLC, Spectrum Captive Holdings LLC, Spectrum Communications Indemnity Inc., Spectrum Fiberlink Florida LLC, Spectrum Gulf Coast LLC, Spectrum Management Holding Company LLC, Spectrum Mid-America LLC, Spectrum Mobile Equipment LLC, Spectrum Mobile LLC, Spectrum NLP LLC, Spectrum New Jersey LLC, Spectrum New York Metro LLC, Spectrum Northeast LLC, Spectrum Oceanic LLC, Spectrum Originals Development LLC, Spectrum Originals LLC, Spectrum Pacific West LLC, Spectrum RSN LLC, Spectrum Reach LLC, Spectrum Security LLC, Spectrum Southeast LLC, Spectrum Stamford LLC, Spectrum Sunshine State LLC, Spectrum TV Essentials LLC, Spectrum Wireless Holdings LLC, SpectrumCo, TC Technology LLC, TWC Administration LLC, TWC Communications LLC, TWC Employee Disaster Relief Fund, TWC SEE Holdco LLC, TWCIS Holdco LLC, Time Warner Cable, Time Warner Cable Business LLC, Time Warner Cable Enterprises LLC, Time Warner Cable Information Services Alabama LLC, Time Warner Cable Information Services Arizona LLC, Time Warner Cable Information Services California LLC, Time Warner Cable Information Services Colorado LLC, Time Warner Cable Information Services Hawaii LLC, Time Warner Cable Information Services Idaho LLC, Time Warner Cable Information Services Illinois LLC, Time Warner Cable Information Services Indiana LLC, Time Warner Cable Information Services Kansas LLC, Time Warner Cable Information Services Kentucky LLC, Time Warner Cable Information Services Maine LLC, Time Warner Cable Information Services Massachusetts LLC, Time Warner Cable Information Services Michigan LLC, Time Warner Cable Information Services Missouri LLC, Time Warner Cable Information Services Nebraska LLC, Time Warner Cable Information Services New Hampshire LLC, Time Warner Cable Information Services New Jersey LLC, Time Warner Cable Information Services New Mexico LLC, Time Warner Cable Information Services New York LLC, Time Warner Cable Information Services North Carolina LLC, Time Warner Cable Information Services Ohio LLC, Time Warner Cable Information Services Pennsylvania LLC, Time Warner Cable Information Services South Carolina LLC, Time Warner Cable Information Services Tennessee LLC, Time Warner Cable Information Services Texas LLC, Time Warner Cable Information Services Virginia LLC, Time Warner Cable Information Services Washington LLC, Time Warner Cable Information Services West Virginia LLC, Time Warner Cable Information Services Wisconsin LLC, Time Warner Cable LLC, and Vista Broadband Communications.
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This page (NASDAQ:CHTR) was last updated on 4/17/2024 by MarketBeat.com Staff

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