Charter Communications, Inc. (NASDAQ:CHTR) Receives $409.42 Consensus Target Price from Analysts

Charter Communications, Inc. (NASDAQ:CHTR) has received an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $410.20.

A number of research firms have weighed in on CHTR. Citigroup lifted their price objective on shares of Charter Communications from $425.00 to $445.00 and gave the company a “buy” rating in a report on Monday, April 28th. Royal Bank Of Canada increased their price objective on shares of Charter Communications from $385.00 to $395.00 and gave the company a “sector perform” rating in a report on Monday, April 28th. BNP Paribas reiterated an “underperform” rating and issued a $290.00 price objective on shares of Charter Communications in a report on Thursday, April 10th. Wells Fargo & Company raised their price target on shares of Charter Communications from $380.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday, April 28th. Finally, Wall Street Zen upgraded shares of Charter Communications from a “hold” rating to a “buy” rating in a report on Thursday, May 1st.

Charter Communications Trading Up 2.4%

NASDAQ CHTR opened at $386.37 on Wednesday. Charter Communications has a 1 year low of $282.18 and a 1 year high of $437.06. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.36 and a quick ratio of 0.36. The company has a fifty day moving average of $386.49 and a 200 day moving average of $367.86. The company has a market capitalization of $54.23 billion, a PE ratio of 10.78, a P/E/G ratio of 0.41 and a beta of 1.07.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.42% and a return on equity of 27.70%. The firm had revenue of $13.74 billion during the quarter, compared to analysts’ expectations of $13.67 billion. During the same period in the previous year, the firm posted $7.55 EPS. The firm’s quarterly revenue was up .4% on a year-over-year basis. Research analysts forecast that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Charter Communications in the fourth quarter valued at approximately $1,032,236,000. Price T Rowe Associates Inc. MD grew its position in shares of Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after buying an additional 1,126,783 shares during the last quarter. GAMMA Investing LLC raised its stake in Charter Communications by 43,296.0% during the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company’s stock worth $316,176,000 after acquiring an additional 855,961 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company’s stock valued at $851,331,000 after acquiring an additional 806,145 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after acquiring an additional 609,554 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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.