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

Charter Communications, Inc. (NASDAQ:CHTR) has been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $226.8750.

CHTR has been the subject of a number of research reports. Royal Bank Of Canada lowered their target price on Charter Communications from $160.00 to $150.00 and set a “sector perform” rating for the company in a research report on Monday, July 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $150.00 price target on shares of Charter Communications in a research note on Monday, July 27th. TD Cowen decreased their price target on shares of Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group dropped their price objective on shares of Charter Communications from $185.00 to $125.00 and set a “sell” rating for the company in a research note on Thursday, July 2nd.

Charter Communications Price Performance

Shares of Charter Communications stock opened at $154.27 on Monday. The firm has a market cap of $18.40 billion, a PE ratio of 4.01, a PEG ratio of 0.26 and a beta of 0.70. The stock has a 50 day moving average of $138.29 and a 200 day moving average of $178.67. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. Charter Communications has a 12 month low of $111.55 and a 12 month high of $285.82.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The business had revenue of $13.53 billion for the quarter, compared to the consensus estimate of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $9.18 EPS. On average, research analysts expect that Charter Communications will post 42.72 EPS for the current fiscal year.

Insider Activity at Charter Communications

In related news, Director Thomas Rutledge sold 69,633 shares of Charter Communications stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $144.45, for a total value of $10,058,486.85. Following the completion of the transaction, the director owned 3,968 shares in the company, valued at approximately $573,177.60. This trade represents a 94.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHTR. Geneos Wealth Management Inc. raised its position in Charter Communications by 141.0% during the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after purchasing an additional 55 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in shares of Charter Communications in the 1st quarter worth approximately $25,000. Quarry LP increased its position in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Altshuler Shaham Ltd bought a new position in shares of Charter Communications during the 4th quarter valued at approximately $25,000. Finally, DV Equities LLC purchased a new stake in Charter Communications during the 4th quarter valued at $25,000. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

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.