Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) PT at $399.35

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been assigned a consensus recommendation of “Hold” from the eighteen brokerages that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $399.35.

Several research analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Charter Communications from $385.00 to $395.00 and gave the stock a “sector perform” rating in a research report on Monday. Loop Capital increased their price target on Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a research note on Monday. BNP Paribas restated an “underperform” rating and issued a $290.00 price target on shares of Charter Communications in a report on Thursday, April 10th. Wells Fargo & Company boosted their target price on shares of Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday. Finally, Benchmark reissued a “buy” rating and set a $450.00 price objective on shares of Charter Communications in a research note on Friday, January 31st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Avior Wealth Management LLC lifted its holdings in shares of Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares during the period. ST Germain D J Co. Inc. grew its holdings in shares of Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company’s stock worth $31,000 after acquiring an additional 77 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Charter Communications during the fourth quarter worth $32,000. Generali Asset Management SPA SGR acquired a new position in shares of Charter Communications in the 4th quarter valued at $36,000. Finally, Brown Brothers Harriman & Co. lifted its stake in Charter Communications by 37.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after buying an additional 29 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 $383.00 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications has a 12-month low of $260.03 and a 12-month high of $415.27. The company has a market cap of $54.37 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13. The stock has a 50 day simple moving average of $357.09 and a 200-day simple moving average of $359.97.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). The company had revenue of $13.74 billion for the quarter, compared to analysts’ expectations of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $7.55 EPS. On average, equities analysts forecast that Charter Communications will post 38.16 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.