Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) PT at $378.47

Charter Communications, Inc. (NASDAQ:CHTR) has earned an average rating of “Hold” from the eighteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $379.06.

Several equities analysts have recently weighed in on CHTR shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday. Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price target on the stock in a report on Wednesday, September 11th. Rosenblatt Securities boosted their price objective on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Royal Bank of Canada boosted their price target on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research note on Monday.

Institutional Trading of Charter Communications

Institutional investors and hedge funds have recently modified their holdings of the business. Savant Capital LLC boosted its stake in Charter Communications by 1.7% in the second quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after acquiring an additional 31 shares during the last quarter. US Bancorp DE raised its holdings in shares of Charter Communications by 0.4% in the 3rd quarter. US Bancorp DE now owns 7,370 shares of the company’s stock worth $2,388,000 after purchasing an additional 31 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Charter Communications by 3.1% in the second quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after purchasing an additional 32 shares during the last quarter. Grove Bank & Trust increased its position in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after buying an additional 34 shares during the last quarter. Finally, CVA Family Office LLC raised its stake in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares during the period. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Trading Down 3.7 %

NASDAQ CHTR opened at $393.04 on Tuesday. The stock has a market capitalization of $56.10 billion, a P/E ratio of 12.32, a P/E/G ratio of 0.68 and a beta of 1.03. The business has a 50 day simple moving average of $334.95 and a 200 day simple moving average of $314.67. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.39. Charter Communications has a one year low of $236.08 and a one year high of $421.16.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, beating the consensus estimate of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. Charter Communications’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.25 EPS. Research analysts expect that Charter Communications will post 32.49 earnings per share for the current year.

Charter Communications Company Profile

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.