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

Charter Communications, Inc. (NASDAQ:CHTR) has earned a consensus rating of “Hold” from the nineteen analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $226.8750.

Several analysts have issued reports on the company. Bank of America restated a “buy” rating on shares of Charter Communications in a report on Monday, July 27th. TD Cowen lowered 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 report on Monday, July 27th. Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Sanford C. Bernstein restated a “market perform” rating and set a $150.00 price objective on shares of Charter Communications in a research report on Monday, July 27th. Finally, Freedom Capital raised shares of Charter Communications to a “hold” rating in a research note on Friday, June 12th.

Hedge Funds Weigh In On Charter Communications

Institutional investors have recently bought and sold shares of the company. Sequoia Financial Advisors LLC grew its holdings in shares of Charter Communications by 10.8% in the second quarter. Sequoia Financial Advisors LLC now owns 4,745 shares of the company’s stock valued at $675,000 after purchasing an additional 463 shares in the last quarter. Tidal Investments LLC boosted its position in Charter Communications by 737.5% in the 2nd quarter. Tidal Investments LLC now owns 241,503 shares of the company’s stock valued at $34,344,000 after buying an additional 212,668 shares during the period. MCF Advisors LLC boosted its position in 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 buying an additional 115 shares during the period. Engineers Gate Manager LP boosted its holdings in Charter Communications by 569.0% in the second quarter. Engineers Gate Manager LP now owns 13,407 shares of the company’s stock valued at $1,907,000 after purchasing an additional 11,403 shares during the period. Finally, Cidel Asset Management Inc. grew its stake in Charter Communications by 36.3% during the 2nd quarter. Cidel Asset Management Inc. now owns 5,076 shares of the company’s stock worth $722,000 after purchasing an additional 1,351 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Trading Up 5.0%

Shares of Charter Communications stock opened at $140.56 on Friday. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36. The stock’s 50 day simple moving average is $143.48 and its 200-day simple moving average is $168.72. The stock has a market cap of $16.77 billion, a P/E ratio of 3.65, a P/E/G ratio of 0.28 and a beta of 0.69. Charter Communications has a 1-year low of $111.55 and a 1-year high of $285.82.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. The firm 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 firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $9.18 earnings per share. Analysts predict that Charter Communications will post 42.72 EPS for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.