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A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal
S&P 500   5,248.49
DOW   39,760.08
QQQ   444.83
Stock market today: World shares are mostly higher after S&P 500 sets another record
Mid-Cap Stocks to Outperform the Market This Cycle
Is DraftKings A Good Bet Ahead of Q1 Earnings?
Best Bear Market Funds: Top 3 Investment Options to Consider
Low VIX? 3 High Beta Stocks To Boost Your Returns
How and When to Roll Your Options Positions?
A UK financial trader dubbed the ringleader of an interest rate manipulation scandal loses an appeal

Charter Communications (CHTR) Stock Price, News & Analysis

$293.51
+5.62 (+1.95%)
(As of 03/27/2024 ET)
Today's Range
$288.19
$294.16
50-Day Range
$276.33
$382.34
52-Week Range
$270.41
$458.30
Volume
1.22 million shs
Average Volume
1.54 million shs
Market Capitalization
$42.63 billion
P/E Ratio
9.78
Dividend Yield
N/A
Price Target
$410.94

Charter Communications MarketRank™ Stock Analysis

Analyst Rating
Hold
2.31 Rating Score
Upside/​Downside
40.0% Upside
$410.94 Price Target
Short Interest
Healthy
10.23% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.97
Upright™ Environmental Score
News Sentiment
1.17mentions of Charter Communications in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.35%
From $33.33 to $36.78 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.

4.97 out of 5 stars

Consumer Discretionary Sector

1st out of 271 stocks

Cable & Other Pay Television Services Industry

1st out of 19 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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There's a new cancer treatment so precise, it's been called a "smart bomb." One that can deliver a toxic payload directly to tumors while bypassing healthy cells.
CHTR Apr 2024 430.000 call
CHTR Mar 2024 345.000 call
CHTR Mar 2024 295.000 put
Trump’s “Tax Free” Retirement Strategy
Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.
CHTR Mar 2024 327.500 call
CHTR Mar 2024 247.500 put
Charter Communications Inc. Cl A
CHTR Mar 2024 390.000 put
CHTR May 2024 150.000 put
CHTR Mar 2024 290.000 call
15 Worst Performing Stocks in S&P 500
CHTR Mar 2024 267.500 call
CHTR Aug 2024 560.000 call
CHTR Dec 2025 510.000 call
CHTR Jan 2026 490.000 call
See More Headlines
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Company Calendar

Last Earnings
2/02/2024
Today
3/28/2024
Next Earnings (Estimated)
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
$410.94
High Stock Price Target
$565.00
Low Stock Price Target
$280.00
Potential Upside/Downside
+40.0%
Consensus Rating
Hold
Rating Score (0-4)
2.31
Research Coverage
16 Analysts

Profitability

Net Income
$4.56 billion
Pretax Margin
12.55%

Debt

Sales & Book Value

Annual Sales
$54.61 billion
Cash Flow
$92.30 per share
Book Value
$101.35 per share

Miscellaneous

Free Float
144,165,000
Market Cap
$42.63 billion
Optionable
Optionable
Beta
0.96

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Key Executives

  • Mr. Christopher L. WinfreyMr. Christopher L. Winfrey (Age 48)
    President, CEO & Director
    Comp: $5.42M
  • Ms. Jessica M. Fischer (Age 37)
    Chief Financial Officer
    Comp: $1.75M
  • Mr. Magesh Srinivasan (Age 53)
    Executive Vice President of Network Operations
  • Mr. Jeff Murphy
    Senior Vice President of Corporate Finance & Development
  • Mr. Thomas Monaghan (Age 55)
    Executive Vice President of Field Operations
  • Keith Dardis
    Senior Vice President of Spectrum Community Solutions
  • Mr. Jacob H. Perlman (Age 47)
    Executive Vice President of Software Development & IT
  • Mr. Justin Colwell
    Executive Vice President of Connectivity Technology

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Charter Communications was last updated on Wednesday, March 27, 2024 at 11:14 PM.

Pros

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

  • Charter Communications, Inc. has shown consistent revenue growth over the past year, indicating a strong financial performance.
  • The company's focus on broadband connectivity services, including fixed internet, WiFi, and mobile, aligns with the increasing demand for high-speed internet services.
  • Charter Communications has a diverse range of services, including video, mobile, and voice services, providing multiple revenue streams.
  • Recent institutional inflows into Charter Communications stock suggest confidence from large investors in the company's future growth potential.
  • Despite missing analysts' EPS estimates in the last quarter, Charter Communications has a history of strong return on equity, indicating efficient use of shareholder funds.

Cons

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

  • Charter Communications reported lower-than-expected EPS in the last quarter, which may raise concerns about the company's ability to meet earnings forecasts.
  • The company operates in a competitive industry with other major players, potentially leading to pricing pressures and market share challenges.
  • Fluctuations in the cable and pay television services industry can impact Charter Communications' financial performance and stock price.
  • Investors should consider the current stock price of Charter Communications and evaluate whether it aligns with the company's growth prospects and industry dynamics.
  • While Charter Communications has a broad customer base, any shifts in consumer preferences towards alternative services could impact the company's revenue and profitability.

CHTR Stock Analysis - Frequently Asked Questions

Should I buy or sell Charter Communications stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Charter Communications in the last year. There are currently 1 sell rating, 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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?

16 brokerages have issued 12-month price objectives for Charter Communications' shares. Their CHTR share price targets range from $280.00 to $565.00. On average, they anticipate the company's stock price to reach $410.94 in the next year. This suggests a possible upside of 40.0% 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 stock has decreased by 24.5% and is now trading at $293.51.
View the best growth stocks for 2024 here
.

Are investors shorting Charter Communications?

Charter Communications saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 10,050,000 shares, a decrease of 8.3% from the February 29th total of 10,960,000 shares. Based on an average daily volume of 1,600,000 shares, the short-interest ratio is currently 6.3 days. Approximately 10.2% 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 were Charter Communications' earnings last quarter?

Charter Communications, Inc. (NASDAQ:CHTR) announced its quarterly earnings results on Friday, February, 2nd. The company reported $7.07 EPS for the quarter, missing analysts' consensus estimates of $8.76 by $1.69. The firm earned $13.71 billion during the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a net margin of 8.35% and a trailing twelve-month return on equity of 32.32%. The business's revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.69 EPS.
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 retail and institutional investors. Top institutional shareholders include Dodge & Cox (5.78%), Vanguard Group Inc. (5.68%), Vanguard Group Inc. (5.68%), Capital International Investors (4.73%), Massachusetts Financial Services Co. MA (1.70%) and Veritas Asset Management LLP (1.21%). 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.
Read More
This page (NASDAQ:CHTR) was last updated on 3/28/2024 by MarketBeat.com Staff

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