Charter Communications, Inc. (NASDAQ:CHTR) Receives $310.87 Average Price Target from Brokerages

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been assigned a consensus recommendation of “Reduce” from the twenty-one ratings firms that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $323.6667.

CHTR has been the subject of several recent analyst reports. Exane BNP Paribas restated an “underperform” rating on shares of Charter Communications in a research report on Tuesday. The Goldman Sachs Group decreased their price target on Charter Communications from $215.00 to $210.00 and set a “sell” rating for the company in a research note on Thursday, December 18th. Barclays cut their price objective on Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, November 3rd. Royal Bank Of Canada reduced their target price on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating on the stock in a research note on Friday, January 16th. Finally, Sanford C. Bernstein set a $220.00 target price on shares of Charter Communications in a research note on Wednesday.

Insider Transactions at Charter Communications

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the transaction, the director directly owned 10,146 shares in the company, valued at $2,294,822.28. This represents a 10.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.83% of the stock is currently owned by company insiders.

Institutional Trading of Charter Communications

Large investors have recently modified their holdings of the company. AQR Capital Management LLC increased its holdings in Charter Communications by 129.1% during the 1st quarter. AQR Capital Management LLC now owns 11,875 shares of the company’s stock worth $4,356,000 after purchasing an additional 6,691 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Charter Communications by 16.3% in the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company’s stock worth $336,000 after acquiring an additional 128 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Charter Communications by 48.1% in the 1st quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company’s stock worth $493,000 after purchasing an additional 435 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of 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 in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Charter Communications by 451.1% in the first quarter. Acadian Asset Management LLC now owns 733 shares of the company’s stock worth $270,000 after buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Up 7.6%

Shares of CHTR opened at $206.12 on Thursday. The company’s fifty day simple moving average is $202.06 and its 200-day simple moving average is $242.80. The company has a market cap of $26.67 billion, a P/E ratio of 5.72, a P/E/G ratio of 0.53 and a beta of 1.06. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 4.89. Charter Communications has a twelve month low of $180.38 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The firm had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the prior year, the firm posted $10.10 earnings per share. Charter Communications’s revenue for the quarter was down 2.3% on a year-over-year basis. As a group, analysts expect that Charter Communications will post 38.16 EPS for the current year.

Key Charter Communications News

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

• Positive Sentiment: Charter reported a rare quarterly gain in pay-TV/video subscribers (added ~44,000) and shed fewer broadband customers than feared, which investors viewed as a sign of stabilizing customer trends. Read More.
• Positive Sentiment: Company results showed resilient EBITDA and free cash flow supported by mobile/Internet growth and cost controls; management flagged capex reductions that could free up roughly ~$2B of incremental FCF by 2027. These operational positives are a primary reason some bullish analysts call the shares undervalued. Read More.
• Neutral Sentiment: The full Q4 earnings release, slide deck and conference-call transcript are available for review — useful for digging into subscriber detail, margins and capex guidance. Read More.
• Neutral Sentiment: Charter added Wade Davis to its board; typically a governance/experience item with limited near-term stock impact but worth noting for institutional investors. Read More.
• Negative Sentiment: Charter missed consensus EPS ($10.34 vs $10.40) and revenue ($13.60B vs $13.73B); revenue fell ~2.3% year?over?year, partly due to a drop in political advertising — a revenue headwind. Read More.
• Negative Sentiment: Analyst sentiment is mixed-to-cautious: some shops have lowered recommendations or kept conservative ratings citing intensifying broadband competition and persistent revenue pressure. That keeps downside risk if subscriber trends reverse. Read More. and Read More.

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.