Charter Communications, Inc. (NASDAQ:CHTR) Receives $704.48 Average Price Target from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received an average rating of “Buy” from the twenty-seven analysts that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $708.17.

A number of brokerages have recently weighed in on CHTR. Wells Fargo & Company lifted their target price on shares of Charter Communications from $763.00 to $816.00 and gave the company an “overweight” rating in a research note on Monday, May 10th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reissued a “neutral” rating and set a $680.00 price target (down from $742.00) on shares of Charter Communications in a research report on Thursday, April 15th. TD Securities lifted their price target on shares of Charter Communications from $740.00 to $750.00 and gave the company a “hold” rating in a research report on Tuesday. Raymond James lifted their price target on shares of Charter Communications from $690.00 to $720.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Argus lifted their price target on shares of Charter Communications from $700.00 to $775.00 and gave the company a “buy” rating in a research report on Wednesday.

In related news, Director David C. Merritt sold 1,000 shares of the company’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of $697.45, for a total transaction of $697,450.00. Following the sale, the director now owns 8,907 shares of the company’s stock, valued at $6,212,187.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David Ellen sold 10,117 shares of the company’s stock in a transaction on Tuesday, March 9th. The shares were sold at an average price of $629.77, for a total transaction of $6,371,383.09. Following the sale, the insider now directly owns 38,710 shares in the company, valued at approximately $24,378,396.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,560 shares of company stock valued at $14,061,988. 1.18% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in CHTR. Norges Bank purchased a new stake in Charter Communications during the fourth quarter valued at $732,675,000. Boston Partners purchased a new stake in Charter Communications during the first quarter valued at $272,808,000. SG Americas Securities LLC raised its stake in Charter Communications by 103.8% during the first quarter. SG Americas Securities LLC now owns 10,716 shares of the company’s stock valued at $6,612,000 after purchasing an additional 295,258 shares in the last quarter. Sands Capital Management LLC raised its stake in shares of Charter Communications by 23.0% in the fourth quarter. Sands Capital Management LLC now owns 1,190,018 shares of the company’s stock valued at $787,256,000 after acquiring an additional 222,677 shares during the period. Finally, FMR LLC raised its stake in shares of Charter Communications by 7.9% in the fourth quarter. FMR LLC now owns 2,290,712 shares of the company’s stock valued at $1,515,420,000 after acquiring an additional 167,490 shares during the period. 70.05% of the stock is currently owned by institutional investors.

Charter Communications stock traded up $25.10 during trading hours on Monday, reaching $710.40. The stock had a trading volume of 1,089,945 shares, compared to its average volume of 1,116,924. The stock has a market cap of $134.03 billion, a PE ratio of 56.07, a PEG ratio of 0.67 and a beta of 1.00. Charter Communications has a 52 week low of $485.01 and a 52 week high of $712.41. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.40 and a quick ratio of 0.40. The company has a fifty day simple moving average of $646.51 and a 200-day simple moving average of $636.65.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, April 29th. The company reported $4.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.34 by ($0.23). The firm had revenue of $12.52 billion during the quarter, compared to the consensus estimate of $12.50 billion. Charter Communications had a return on equity of 7.50% and a net margin of 5.70%. Charter Communications’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $1.86 EPS. Research analysts predict that Charter Communications will post 14.28 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 provides Internet services, such as security suite that protects computers from viruses and spyware; in-home WiFi, which provides customers with high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; and Spectrum WiFi services, as well as video services.

Featured Story: What is meant by holder of record?

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.