Charter Communications, Inc. (NASDAQ:CHTR) Receives $321.13 Average Target Price from Analysts

Charter Communications, Inc. (NASDAQ:CHTR) has been given an average rating of “Reduce” by the twenty ratings firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $321.1250.

Several equities research analysts have recently weighed in on CHTR shares. The Goldman Sachs Group lowered their target price on shares of Charter Communications from $215.00 to $210.00 and set a “sell” rating on the stock in a report on Thursday, December 18th. Royal Bank Of Canada decreased their price objective on shares of Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Monday, November 3rd. BNP Paribas Exane dropped their price objective on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a report on Tuesday, November 4th. Wells Fargo & Company reduced their target price on Charter Communications from $300.00 to $240.00 and set an “equal weight” rating on the stock in a report on Monday, November 3rd. Finally, Oppenheimer lowered Charter Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th.

Insider Buying and Selling

In other news, Director David C. Merritt sold 1,200 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $226.18, for a total transaction of $271,416.00. Following the sale, the director owned 10,146 shares in the company, valued at approximately $2,294,822.28. This represents a 10.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new position in shares of Charter Communications in the second quarter worth about $25,000. Salem Investment Counselors Inc. increased its holdings in shares of Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after purchasing an additional 61 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in Charter Communications in the 2nd quarter worth approximately $28,000. Webster Bank N. A. acquired a new position in Charter Communications during the 3rd quarter worth $28,000. Finally, Heritage Wealth Advisors bought a new position in Charter Communications in the 2nd quarter valued at $29,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Up 0.3%

NASDAQ CHTR opened at $210.60 on Friday. Charter Communications has a 1-year low of $193.00 and a 1-year high of $437.06. The company has a market capitalization of $27.25 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 0.57 and a beta of 1.06. The stock’s 50 day moving average is $208.59 and its two-hundred day moving average is $268.04. 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 (NASDAQ:CHTR) last posted its earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate of $9.66 by ($1.32). Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The company had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter last year, the business earned $8.82 EPS. Charter Communications’s quarterly revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Charter Communications will post 38.16 earnings per share for the current fiscal year.

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.