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

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received an average rating of “Hold” from the twenty brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $383.89.

CHTR has been the topic of several research analyst reports. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research report on Thursday, December 12th. Barclays boosted their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price on the stock. in a research report on Monday, September 30th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and boosted their price target for the company from $385.00 to $450.00 in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th.

Charter Communications Trading Up 1.4 %

Shares of CHTR opened at $351.37 on Friday. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a market capitalization of $49.96 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. The stock has a fifty day moving average of $370.33 and a two-hundred day moving average of $349.10. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.25 earnings per share. As a group, analysts forecast that Charter Communications will post 34.46 EPS for the current year.

Institutional Trading of Charter Communications

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. grew its stake in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Charter Communications by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock worth $785,744,000 after buying an additional 13,430 shares in the last quarter. FMR LLC increased its stake in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Charter Communications by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock valued at $267,267,000 after acquiring an additional 7,008 shares in the last quarter. Finally, Cryder Capital Partners LLP boosted its stake in Charter Communications by 8.0% during the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock valued at $172,746,000 after acquiring an additional 39,334 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.