Charter Communications, Inc. (NASDAQ:CHTR) Receives Average Recommendation of “Hold” from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been assigned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $343.13.

A number of research analysts recently issued reports on CHTR shares. Citigroup lowered their target price on shares of Charter Communications from $300.00 to $280.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Bank of America lowered their target price on shares of Charter Communications from $315.00 to $300.00 and set a “neutral” rating on the stock in a research note on Monday, April 29th. Pivotal Research reduced their price target on shares of Charter Communications from $450.00 to $400.00 and set a “buy” rating for the company in a report on Monday, April 29th. JPMorgan Chase & Co. reduced their price target on shares of Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a report on Monday, April 1st. Finally, The Goldman Sachs Group began coverage on shares of Charter Communications in a report on Monday. They issued a “sell” rating and a $250.00 price target for the company.

Hedge Funds Weigh In On Charter Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wetzel Investment Advisors Inc. bought a new position in Charter Communications during the 4th quarter valued at about $25,000. New Covenant Trust Company N.A. bought a new position in Charter Communications during the 1st quarter valued at about $34,000. Riverview Trust Co bought a new position in Charter Communications during the 1st quarter valued at about $40,000. Turtle Creek Wealth Advisors LLC bought a new position in Charter Communications during the 4th quarter valued at about $44,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in Charter Communications by 769.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

Shares of CHTR opened at $303.50 on Wednesday. Charter Communications has a 12 month low of $236.08 and a 12 month high of $458.30. The company’s fifty day moving average is $275.31 and its 200-day moving average is $304.41. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 6.28. The firm has a market cap of $43.71 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of 1.11 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, April 26th. The company reported $7.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $7.78 by ($0.23). Charter Communications had a net margin of 8.50% and a return on equity of 31.42%. The firm had revenue of $13.68 billion during the quarter, compared to analyst estimates of $13.75 billion. During the same quarter in the previous year, the business posted $6.65 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. Equities analysts expect that Charter Communications will post 32.51 EPS 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.