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

Charter Communications, Inc. (NASDAQ:CHTR) has been assigned a consensus rating of “Hold” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $380.80.

Several equities research analysts have recently commented on the stock. Benchmark reduced their target price on shares of Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a research note on Monday, February 5th. Wells Fargo & Company dropped their price objective on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a report on Friday, April 5th. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 target price on the stock in a report on Monday, March 18th. UBS Group cut their price objective on Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Finally, Rosenblatt Securities lowered their target price on Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a research note on Monday, April 15th.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $259.10 on Friday. Charter Communications has a twelve month low of $254.31 and a twelve month high of $458.30. The company has a debt-to-equity ratio of 6.51, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $37.63 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 0.47 and a beta of 0.96. The firm’s 50-day simple moving average is $281.92 and its 200-day simple moving average is $349.44.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). The company had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $7.69 earnings per share. As a group, research analysts expect that Charter Communications will post 32.38 EPS for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

Several large investors have recently bought and sold shares of CHTR. Householder Group Estate & Retirement Specialist LLC acquired a new position in Charter Communications in the third quarter valued at about $31,000. Dynamic Advisor Solutions LLC bought a new stake in Charter Communications during the 3rd quarter worth approximately $363,000. CWM LLC raised its holdings in Charter Communications by 7.6% during the 3rd quarter. CWM LLC now owns 2,303 shares of the company’s stock worth $1,013,000 after buying an additional 162 shares during the period. AE Wealth Management LLC lifted its stake in Charter Communications by 59.1% in the third quarter. AE Wealth Management LLC now owns 2,445 shares of the company’s stock valued at $1,075,000 after buying an additional 908 shares in the last quarter. Finally, DnB Asset Management AS increased its position in shares of Charter Communications by 64.4% during the third quarter. DnB Asset Management AS now owns 30,454 shares of the company’s stock worth $13,394,000 after acquiring an additional 11,929 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

About Charter Communications

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.