Charter Communications, Inc. (NASDAQ:CHTR) Receives Consensus Recommendation of “Hold” from Analysts

Charter Communications, Inc. (NASDAQ:CHTR) has been assigned an average rating of “Hold” from the twenty-two analysts that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $335.6667.

A number of research analysts have commented on CHTR shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research report on Monday, December 29th. Royal Bank Of Canada cut their price target on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. UBS Group set a $425.00 price objective on Charter Communications in a research report on Thursday, January 29th. TD Cowen upped their target price on shares of Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd.

Charter Communications Stock Down 0.6%

Shares of NASDAQ:CHTR opened at $230.16 on Monday. 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 firm has a market cap of $29.15 billion, a P/E ratio of 6.34, a P/E/G ratio of 0.36 and a beta of 1.05. Charter Communications has a 12 month low of $180.38 and a 12 month high of $437.06. The company’s 50-day moving average price is $211.00 and its two-hundred day moving average price is $232.45.

Charter Communications (NASDAQ:CHTR) last announced its earnings results 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). The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.Charter Communications’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.10 earnings per share. As a group, research analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Institutional investors have recently modified their holdings of the stock. Capital Research Global Investors boosted its stake in Charter Communications by 304.9% during the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock worth $1,005,222,000 after acquiring an additional 3,626,135 shares during the last quarter. Norges Bank acquired a new stake in Charter Communications in the second quarter worth $1,145,387,000. Dodge & Cox boosted its position in shares of Charter Communications by 23.7% during the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock worth $3,049,675,000 after purchasing an additional 2,801,671 shares in the last quarter. Voyager Global Management LP grew its holdings in shares of Charter Communications by 1,380.0% in the 4th quarter. Voyager Global Management LP now owns 1,850,000 shares of the company’s stock valued at $386,188,000 after buying an additional 1,725,000 shares during the period. Finally, First Eagle Investment Management LLC increased its position in shares of Charter Communications by 119.6% in the 4th quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after buying an additional 1,617,148 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Company Profile

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.