Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Price Target at $335.11

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given an average recommendation of “Hold” by the twenty-two analysts that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $335.1111.

Several brokerages have issued reports on CHTR. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a report on Tuesday, February 3rd. Wells Fargo & Company increased their price target on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. New Street Research reduced their price target on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Williams Trading set a $437.00 price objective on shares of Charter Communications in a report on Monday, February 2nd. Finally, Sanford C. Bernstein set a $220.00 target price on Charter Communications in a research note on Wednesday, January 28th.

Institutional Investors Weigh In On Charter Communications

Large investors have recently bought and sold shares of the business. Dodge & Cox boosted its holdings in shares of Charter Communications by 23.7% during the 4th quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after acquiring an additional 2,801,671 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Charter Communications by 9.5% during the fourth quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock valued at $2,139,330,000 after purchasing an additional 885,935 shares during the last quarter. State Street Corp lifted its position in Charter Communications by 22.7% during the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock valued at $2,190,302,000 after purchasing an additional 1,475,383 shares during the period. Capital Research Global Investors lifted its position in Charter Communications by 304.9% during the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after purchasing an additional 3,626,135 shares during the period. Finally, First Eagle Investment Management LLC boosted its holdings in Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock worth $619,885,000 after purchasing an additional 1,617,148 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

Charter Communications stock opened at $213.00 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65. The company has a market capitalization of $26.97 billion, a P/E ratio of 5.87, a PEG ratio of 0.34 and a beta of 1.02. The stock’s 50 day moving average is $217.18 and its 200 day moving average is $226.57. Charter Communications has a twelve month low of $180.38 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The company had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.73 billion. During the same quarter in the previous year, the firm posted $10.10 EPS. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts predict that Charter Communications will post 38.16 earnings per share 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.