Charter Communications, Inc. (NASDAQ:CHTR) Given Average Recommendation of “Hold” by Brokerages

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received a consensus rating of “Hold” from the eighteen analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $356.41.

CHTR has been the topic of several recent research reports. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a research report on Monday, September 30th. The Goldman Sachs Group initiated coverage on Charter Communications in a research report on Monday, July 1st. They set a “sell” rating and a $250.00 target price on the stock. Pivotal Research boosted their target price on Charter Communications from $400.00 to $435.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Raymond James cut Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th. Finally, Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research report on Wednesday, September 11th.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Savant Capital LLC lifted its stake in shares of Charter Communications by 1.7% during the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock worth $556,000 after purchasing an additional 31 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock worth $314,000 after purchasing an additional 32 shares during the period. Grove Bank & Trust lifted its stake in shares of Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the period. CVA Family Office LLC lifted its stake in shares of Charter Communications by 31.3% during the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its stake in shares of Charter Communications by 3.1% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 1,215 shares of the company’s stock worth $363,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Down 0.8 %

Shares of NASDAQ CHTR opened at $327.53 on Friday. The company has a market capitalization of $47.17 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. The business has a 50-day moving average of $337.30 and a two-hundred day moving average of $306.85. Charter Communications has a 1 year low of $236.08 and a 1 year high of $454.87.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. During the same period in the previous year, the business earned $8.05 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. On average, analysts forecast that Charter Communications will post 32.42 earnings per share for the current fiscal year.

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.