Charter Communications (NASDAQ:CHTR) Stock Gets Price Target Boost from Citigroup

Charter Communications (NASDAQ:CHTR) had its target price hoisted by equities research analysts at Citigroup from $140.00 to $150.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup‘s target price would suggest a potential upside of 12.44% from the company’s current price.

Other research analysts also recently issued research reports about the company. Barclays cut their price target on Charter Communications from $130.00 to $115.00 and set an “underweight” rating on the stock in a research note on Monday, July 27th. Bank of America reaffirmed a “buy” rating on shares of Charter Communications in a research note on Monday, July 27th. BNP Paribas Exane dropped their price objective on Charter Communications from $150.00 to $120.00 and set an “underperform” rating for the company in a report on Tuesday, July 14th. The Goldman Sachs Group cut their target price on Charter Communications from $120.00 to $110.00 and set a “sell” rating on the stock in a research note on Friday, September 25th. Finally, Morgan Stanley reduced their target price on Charter Communications from $150.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $193.41.

Charter Communications Trading Up 10.1%

NASDAQ CHTR traded up $12.21 during trading hours on Tuesday, hitting $133.41. The company’s stock had a trading volume of 2,585,749 shares, compared to its average volume of 2,812,541. The stock has a fifty day moving average of $120.29 and a 200 day moving average of $163.00. Charter Communications has a twelve month low of $101.11 and a twelve month high of $254.11. The firm has a market capitalization of $15.91 billion, a P/E ratio of 13.74, a PEG ratio of 0.25 and a beta of 0.73. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 6th. The company reported ($20.50) EPS for the quarter, missing analysts’ consensus estimates of $8.94 by ($29.44). Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The business had revenue of $14.92 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period in the prior year, the firm posted $8.34 EPS. Charter Communications’s revenue was up 9.1% on a year-over-year basis. Equities research analysts forecast that Charter Communications will post 41.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Hedge funds and other institutional investors have recently made changes to their positions in the company. Danske Bank A S lifted its stake in Charter Communications by 187.4% in the third quarter. Danske Bank A S now owns 1,142,949 shares of the company’s stock valued at $128,145,000 after buying an additional 745,256 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Charter Communications by 507.4% during the third quarter. Russell Investments Group Ltd. now owns 767,841 shares of the company’s stock worth $85,154,000 after acquiring an additional 641,422 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Charter Communications by 1,547.4% during the first quarter. State of Michigan Retirement System now owns 431,582 shares of the company’s stock worth $93,170,000 after acquiring an additional 405,385 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Charter Communications by 2,327.9% during the third quarter. Public Sector Pension Investment Board now owns 371,124 shares of the company’s stock worth $39,989,000 after acquiring an additional 355,838 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Charter Communications by 443.8% during the third quarter. Assenagon Asset Management S.A. now owns 419,881 shares of the company’s stock worth $46,565,000 after acquiring an additional 342,668 shares during the period. 81.76% of the stock is owned by institutional investors.

Key Stories Impacting Charter Communications

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

• Neutral Sentiment: Charter’s subsidiaries launched cash tender offers for as much as $1.5 billion of notes across eight series. The buybacks could help manage outstanding debt, though the announcement does not specify the final amount accepted or the effect on leverage. Charter Announces Tender Offers for Eight Series of Notes
• Negative Sentiment: KeyCorp’s forecasts are notably below the provided consensus: it estimates $30.58 per share for FY2026 versus $41.43 consensus, and $15.09 for FY2027. The projections suggest analysts anticipate weaker earnings, potentially weighing on sentiment. The multiple reports repeat the same estimates. KeyCorp earnings estimates
• Negative Sentiment: A recent earnings-call account frames Charter’s outlook as a “costly growth reset,” highlighting concern that pursuing growth may involve significant costs. Charter Communications Earnings Call Signals Costly Growth Reset
• Negative Sentiment: Wells Fargo raised its price target slightly, from $101 to $103, but kept an “underweight” rating—still signaling downside in the firm’s view. Wells Fargo rating and price-target report
• Negative Sentiment: A separate report highlights a $6.3 billion impairment charge, a substantial noncash accounting hit that may reinforce concerns about the value of Charter’s assets and future earnings. Charter Communications Takes $6.3 Billion Impairment Charge

About Charter Communications

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.