Charter Communications, Inc. (NASDAQ:CHTR) Receives $356.41 Consensus Target Price from Analysts

Charter Communications, Inc. (NASDAQ:CHTR) has received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $356.41.

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $300.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Royal Bank of Canada assumed coverage on Charter Communications in a research report on Thursday, September 19th. They set a “sector perform” rating and a $345.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Monday, July 29th. Rosenblatt Securities boosted their price objective on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Finally, Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a research report on Monday, July 29th.

Institutional Investors Weigh In On Charter Communications

Several large investors have recently added to or reduced their stakes in CHTR. CVA Family Office LLC grew its stake in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. acquired a new stake in Charter Communications in the first quarter valued at approximately $34,000. Grove Bank & Trust grew its stake in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after acquiring an additional 34 shares during the period. Riverview Trust Co acquired a new stake in Charter Communications in the first quarter valued at approximately $40,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Charter Communications by 109.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock valued at $48,000 after acquiring an additional 83 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Trading Down 0.8 %

Shares of CHTR opened at $326.05 on Friday. Charter Communications has a 52-week low of $236.08 and a 52-week high of $458.30. The business’s fifty day moving average is $339.63 and its 200-day moving average is $305.96. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market cap of $46.96 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 0.62 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.98 by $0.51. Charter Communications had a return on equity of 30.11% and a net margin of 8.51%. The company had revenue of $13.69 billion for the quarter, compared to analyst estimates of $13.59 billion. During the same quarter last year, the company posted $8.05 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. Equities analysts anticipate that Charter Communications will post 32.42 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.