Charter Communications, Inc. (NASDAQ:CHTR) Receives $335.11 Consensus Target Price from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned a consensus rating of “Hold” from the twenty-two brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $335.1111.

A number of equities analysts recently issued reports on the company. Williams Trading set a $437.00 price target on Charter Communications in a report on Monday, February 2nd. UBS Group set a $425.00 price objective on Charter Communications in a report on Thursday, January 29th. Sanford C. Bernstein set a $220.00 price objective on Charter Communications in a report on Wednesday, January 28th. BNP Paribas Exane decreased their price objective on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a report on Tuesday, February 24th. Finally, Benchmark increased their price objective on Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a report on Thursday, January 29th.

Institutional Investors Weigh In On Charter Communications

Several hedge funds have recently modified their holdings of CHTR. Quarry LP lifted its holdings in shares of Charter Communications by 153.2% during the fourth quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the period. Altshuler Shaham Ltd purchased a new position in Charter Communications in the fourth quarter worth $25,000. DV Equities LLC purchased a new position in Charter Communications in the fourth quarter worth $25,000. Webster Bank N. A. purchased a new position in Charter Communications in the third quarter worth $28,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Charter Communications in the third quarter worth $30,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Up 7.1%

Shares of Charter Communications stock opened at $235.97 on Tuesday. 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 50 day moving average of $225.60 and a 200 day moving average of $221.31. The company has a market capitalization of $29.88 billion, a P/E ratio of 6.50, a P/E/G ratio of 0.37 and a beta of 1.03. Charter Communications has a 52-week low of $180.38 and a 52-week high of $437.06.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. During the same period last year, the company earned $10.10 EPS. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. As a group, research analysts forecast 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.