Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) PT at $605.81

Shares of Charter Communications, Inc. (NASDAQ:CHTRGet Rating) have been given a consensus recommendation of “Hold” by the twenty-two analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $605.81.

A number of analysts recently commented on the stock. Wolfe Research dropped their target price on shares of Charter Communications from $582.00 to $515.00 and set an “underperform” rating on the stock in a report on Thursday, June 2nd. Pivotal Research reduced their price objective on Charter Communications from $585.00 to $560.00 in a research note on Monday, August 1st. Rosenblatt Securities initiated coverage on Charter Communications in a report on Tuesday, April 19th. They issued a “buy” rating and a $732.00 target price on the stock. Royal Bank of Canada reduced their target price on Charter Communications from $700.00 to $575.00 in a report on Friday, June 17th. Finally, Barclays cut shares of Charter Communications from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $436.00 to $388.00 in a report on Monday, August 1st.

Institutional Investors Weigh In On Charter Communications

Several hedge funds and other institutional investors have recently modified their holdings of CHTR. abrdn plc increased its position in shares of Charter Communications by 5.4% during the fourth quarter. abrdn plc now owns 336,862 shares of the company’s stock valued at $219,624,000 after purchasing an additional 17,163 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Charter Communications by 14.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,878 shares of the company’s stock valued at $1,876,000 after buying an additional 374 shares during the period. IFM Investors Pty Ltd raised its stake in shares of Charter Communications by 17.2% in the 1st quarter. IFM Investors Pty Ltd now owns 20,064 shares of the company’s stock valued at $10,945,000 after buying an additional 2,938 shares in the last quarter. Vectors Research Management LLC boosted its position in shares of Charter Communications by 8.5% during the 4th quarter. Vectors Research Management LLC now owns 586 shares of the company’s stock valued at $382,000 after acquiring an additional 46 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in Charter Communications by 83.3% in the first quarter. Artemis Investment Management LLP now owns 16,500 shares of the company’s stock valued at $8,982,000 after acquiring an additional 7,500 shares during the period. Institutional investors and hedge funds own 83.63% of the company’s stock.

Charter Communications Trading Up 0.8 %

Shares of CHTR stock opened at $462.98 on Wednesday. The firm has a market capitalization of $77.71 billion, a PE ratio of 14.87, a price-to-earnings-growth ratio of 0.46 and a beta of 0.91. The company has a debt-to-equity ratio of 6.99, a quick ratio of 0.40 and a current ratio of 0.33. Charter Communications has a 1 year low of $407.75 and a 1 year high of $825.62. The stock has a fifty day moving average of $467.21 and a two-hundred day moving average of $518.80.

Charter Communications (NASDAQ:CHTRGet Rating) last issued its quarterly earnings results on Friday, July 29th. The company reported $8.80 earnings per share for the quarter, topping analysts’ consensus estimates of $6.82 by $1.98. Charter Communications had a net margin of 10.35% and a return on equity of 31.83%. The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.42 billion. During the same period in the prior year, the business posted $5.29 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, research analysts expect that Charter Communications will post 31.12 EPS for the current year.

Charter Communications Company Profile

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Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based video services, including video on demand, high-definition television, digital video recorder, pay-per-view services.

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