Charter Communications, Inc. (NASDAQ:CHTR) Receives $249.12 Consensus PT from Brokerages

Charter Communications, Inc. (NASDAQ:CHTR) has been given an average recommendation of “Reduce” by the nineteen brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $226.8750.

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a research report on Wednesday, June 24th. JPMorgan Chase & Co. lowered their target price on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a research note on Wednesday. Barclays dropped their target price on shares of Charter Communications from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Charter Communications from $235.00 to $215.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Finally, Wells Fargo & Company lowered their price objective on shares of Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a research report on Monday.

Insider Buying and Selling

In other news, Director Thomas Rutledge sold 69,633 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $144.45, for a total transaction of $10,058,486.85. Following the sale, the director directly owned 3,968 shares in the company, valued at approximately $573,177.60. This represents a 94.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mauricio Ramos purchased 9,929 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $140.93 per share, for a total transaction of $1,399,293.97. Following the acquisition, the director owned 19,309 shares in the company, valued at approximately $2,721,217.37. The trade was a 105.85% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Charter Communications

Several large investors have recently added to or reduced their stakes in CHTR. Capital Research Global Investors grew its position in shares of Charter Communications by 304.9% during the fourth 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. Dodge & Cox increased its holdings in shares of Charter Communications by 23.7% in the 4th quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock worth $3,049,675,000 after acquiring an additional 2,801,671 shares during the period. Norges Bank bought a new stake in Charter Communications in the 4th quarter valued at about $555,383,000. Voyager Global Management LP boosted its stake in Charter Communications by 1,380.0% during the 4th quarter. Voyager Global Management LP now owns 1,850,000 shares of the company’s stock valued at $386,188,000 after purchasing an additional 1,725,000 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Charter Communications by 119.6% during 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 purchasing an additional 1,617,148 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 3.7%

Shares of NASDAQ CHTR opened at $145.20 on Thursday. The stock’s 50 day moving average price is $135.79 and its two-hundred day moving average price is $182.35. Charter Communications has a 52-week low of $111.55 and a 52-week high of $285.96. The stock has a market capitalization of $17.86 billion, a P/E ratio of 3.77, a PEG ratio of 0.22 and a beta of 0.71. The company has a quick ratio of 0.40, a current ratio of 0.36 and a debt-to-equity ratio of 4.32.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping the consensus estimate of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The company had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. During the same quarter last year, the firm earned $9.18 EPS. The business’s revenue was down 1.7% on a year-over-year basis. On average, analysts anticipate that Charter Communications will post 42.65 earnings per share for the current fiscal year.

More Charter Communications News

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Citi maintained its Buy rating and set a $180 price target, implying meaningful potential upside from recent trading levels despite reducing its previous target. Citi Sticks to Their Buy Rating for Charter Communications
• Positive Sentiment: Charter recently exceeded quarterly EPS expectations, reporting $10.66 versus a $9.98 consensus estimate. Revenue was roughly in line with forecasts, which may be helping support the shares.
• Neutral Sentiment: JPMorgan lowered its price target from $200 to $150 and changed its rating to Neutral. The revised target still represents modest upside, but the downgrade signals limited near-term conviction. JPMorgan Lowers Charter Communications Price Target
• Neutral Sentiment: RBC Capital Markets assigned Charter a Hold rating, adding to the cautious analyst tone. RBC Capital Gives Charter Communications a Hold Rating
• Negative Sentiment: Wells Fargo lowered its expectations for Charter, while TD Cowen also reduced its price target to $380. These revisions reinforce concerns about the company’s outlook, even though TD Cowen’s target remains well above the current share price. Wells Fargo Lowers Expectations for Charter Communications TD Cowen Lowers Charter Communications Price Target
• Negative Sentiment: Analyst commentary is also highlighting a potential broadband test, including pressure from subscriber trends and competition. Charter’s high leverage and year-over-year revenue decline add to the investment risks. Charter Communications Faces a Broadband Test

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.