Charter Communications, Inc. (NASDAQ:CHTR) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given a consensus recommendation of “Reduce” by the twenty-one analysts that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $310.8667.

Several equities analysts have issued reports on the stock. Zacks Research cut shares of Charter Communications from a “hold” rating to a “strong sell” rating in a research note on Friday, January 16th. KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a research report on Monday. Barclays decreased their target price on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating for the company in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on Charter Communications from $325.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, November 3rd. Finally, Benchmark reduced their price objective on Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a research report on Monday, November 3rd.

Insider Activity at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the transaction, the director owned 10,146 shares in the company, valued at $2,294,822.28. This represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp bought a new stake in shares of Charter Communications during the second quarter valued at approximately $25,000. Ameritas Advisory Services LLC bought a new stake in Charter Communications in the 2nd quarter valued at $28,000. Webster Bank N. A. purchased a new stake in Charter Communications in the 3rd quarter worth $28,000. Heritage Wealth Advisors purchased a new position in shares of Charter Communications during the second quarter valued at about $29,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of Charter Communications in the third quarter worth about $30,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $182.81 on Thursday. The firm has a market cap of $23.66 billion, a P/E ratio of 5.07, a PEG ratio of 0.51 and a beta of 1.06. Charter Communications has a twelve month low of $182.04 and a twelve month high of $437.06. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 4.89. The company has a 50 day moving average of $202.06 and a 200 day moving average of $245.50.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). The business had revenue of $13.67 billion during the quarter, compared to analysts’ expectations of $13.76 billion. Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.82 EPS. As a group, research analysts expect that Charter Communications will post 38.16 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.