Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Target Price at $378.00

Charter Communications, Inc. (NASDAQ:CHTR) has received an average recommendation of “Hold” from the nineteen research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $378.00.

A number of equities analysts have commented on CHTR shares. JPMorgan Chase & Co. boosted their price target on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Royal Bank of Canada raised their price objective on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research note on Monday, November 4th. Wells Fargo & Company boosted their price target on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Morgan Stanley lifted their price objective on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Pivotal Research boosted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.

Institutional Investors Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of CHTR. First Eagle Investment Management LLC lifted its stake in shares of Charter Communications by 172,425.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 348,501 shares of the company’s stock valued at $104,188,000 after acquiring an additional 348,299 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Charter Communications by 12,597.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after buying an additional 247,789 shares during the last quarter. FMR LLC increased its position in shares of Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after acquiring an additional 230,817 shares during the period. Pzena Investment Management LLC increased its holdings in Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after purchasing an additional 175,130 shares during the period. Finally, Fernbridge Capital Management LP bought a new position in Charter Communications during the 3rd quarter valued at approximately $48,200,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Down 0.6 %

Shares of Charter Communications stock opened at $394.43 on Friday. The company has a market cap of $56.09 billion, a P/E ratio of 12.35, a P/E/G ratio of 0.63 and a beta of 1.03. Charter Communications has a 1 year low of $236.08 and a 1 year high of $415.27. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The stock has a 50-day moving average price of $353.45 and a 200 day moving average price of $329.97.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. During the same period in the prior year, the company earned $8.25 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, analysts expect that Charter Communications will post 32.87 EPS for the current fiscal 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.