Charter Communications, Inc. (NASDAQ:CHTR) Receives Consensus Rating of “Hold” from Analysts

Charter Communications, Inc. (NASDAQ:CHTR) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $380.80.

CHTR has been the subject of a number of analyst reports. Barclays lowered their price objective on Charter Communications from $280.00 to $250.00 and set an “underweight” rating for the company in a research report on Tuesday, April 2nd. Sanford C. Bernstein upgraded Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price objective for the company in a research report on Monday, March 18th. Benchmark lowered their price objective on Charter Communications from $490.00 to $440.00 and set a “buy” rating for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. lowered their price objective on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Finally, Wells Fargo & Company lowered their target price on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a report on Friday, April 5th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC raised its holdings in Charter Communications by 4.8% during the third quarter. Proficio Capital Partners LLC now owns 595 shares of the company’s stock worth $262,000 after buying an additional 27 shares during the last quarter. CX Institutional raised its holdings in Charter Communications by 2.3% during the third quarter. CX Institutional now owns 1,185 shares of the company’s stock worth $521,000 after buying an additional 27 shares during the last quarter. Catalyst Capital Advisors LLC raised its holdings in Charter Communications by 32.1% during the third quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after buying an additional 27 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Charter Communications by 9.8% in the 3rd quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock worth $138,000 after acquiring an additional 28 shares in the last quarter. Finally, Harbour Investments Inc. grew its stake in shares of Charter Communications by 20.4% in the 3rd quarter. Harbour Investments Inc. now owns 165 shares of the company’s stock worth $73,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $259.91 on Friday. The business’s 50-day moving average price is $284.78 and its 200-day moving average price is $355.31. Charter Communications has a 12 month low of $254.31 and a 12 month high of $458.30. The firm has a market capitalization of $37.75 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 0.43 and a beta of 0.96. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The company had revenue of $13.71 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter last year, the business earned $7.69 earnings per share. Charter Communications’s revenue was up .3% compared to the same quarter last year. Equities research analysts forecast that Charter Communications will post 32.58 EPS for the current year.

About Charter Communications

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 internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.