Charter Communications, Inc. (NASDAQ:CHTR) Stock Has Average Price Target of $202.53 According to Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been assigned a consensus rating of “Reduce” from the twenty-two analysts that are presently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $202.53.

A number of brokerages have issued reports on CHTR. BNP Paribas Exane lowered their target price on Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. Wolfe Research restated an “underperform” rating and set a $118.00 price target on shares of Charter Communications in a report on Monday, September 14th. Wells Fargo & Company lowered their price objective on Charter Communications from $160.00 to $101.00 and set an “underweight” rating for the company in a research note on Monday, July 27th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $150.00 target price on shares of Charter Communications in a report on Monday, July 27th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CHTR. Cassaday & Co Wealth Management LLC bought a new stake in Charter Communications during the first quarter valued at $25,000. Trust Co. of Vermont bought a new position in shares of Charter Communications in the 2nd quarter worth about $28,000. MCF Advisors LLC lifted its stake in shares of Charter Communications by 106.5% in the 2nd quarter. MCF Advisors LLC now owns 223 shares of the company’s stock valued at $32,000 after purchasing an additional 115 shares during the period. Raiffeisen Bank International AG grew its stake in Charter Communications by 259.7% during the second quarter. Raiffeisen Bank International AG now owns 223 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in Charter Communications by 1,600.0% in the fourth quarter. Manchester Capital Management LLC now owns 187 shares of the company’s stock worth $39,000 after purchasing an additional 176 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Trading Up 2.5%

CHTR opened at $109.67 on Tuesday. The company’s 50 day moving average is $138.32 and its 200-day moving average is $154.09. Charter Communications has a 1-year low of $104.91 and a 1-year high of $275.58. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. The company has a market cap of $13.08 billion, a P/E ratio of 2.85, a PEG ratio of 0.22 and a beta of 0.70.

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 during the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $9.18 EPS. Equities research analysts predict that Charter Communications will post 42.92 earnings per share for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that provides broadband connectivity and related communications services in the United States. Its consumer-facing operations are marketed primarily under the Spectrum brand and include high-speed internet, video entertainment, mobile wireless service and voice communications.

Charter also serves businesses and public-sector organizations with internet access, data networking, telephone, video and managed communications solutions.