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

Charter Communications, Inc. (NASDAQ:CHTR) has been given an average rating of “Hold” by the twenty brokerages that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $384.42.

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th. Morgan Stanley increased their price target on shares of Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th. Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Finally, KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Thursday, December 12th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CHTR. Reston Wealth Management LLC acquired a new position in shares of Charter Communications during the 3rd quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications in the third quarter valued at about $28,000. Avior Wealth Management LLC boosted its holdings in Charter Communications by 104.7% during the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new position in Charter Communications during the fourth quarter worth about $32,000. Finally, Generali Asset Management SPA SGR purchased a new position in Charter Communications in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $361.58 on Thursday. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27. The firm has a market capitalization of $51.42 billion, a P/E ratio of 10.34, a P/E/G ratio of 0.44 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. The company’s fifty day moving average price is $353.41 and its 200 day moving average price is $353.60.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same quarter last year, the business earned $7.07 EPS. As a group, sell-side analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.