Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) Target Price at $356.41

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given a consensus recommendation of “Hold” by the eighteen research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $356.41.

A number of research analysts have recently weighed in on CHTR shares. Raymond James lowered Charter Communications from a “market perform” rating to an “underperform” rating in a report on Monday, July 29th. JPMorgan Chase & Co. raised their target price on Charter Communications from $300.00 to $385.00 and gave the company a “neutral” rating in a report on Monday, July 29th. Wells Fargo & Company lifted their price target on Charter Communications from $260.00 to $350.00 and gave the stock an “equal weight” rating in a report on Monday, July 29th. Rosenblatt Securities lifted their price target on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Finally, The Goldman Sachs Group started coverage on Charter Communications in a report on Monday, July 1st. They set a “sell” rating and a $250.00 price target on the stock.

Hedge Funds Weigh In On Charter Communications

Several hedge funds have recently made changes to their positions in CHTR. CVA Family Office LLC grew its position 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 buying an additional 110 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in Charter Communications during the first quarter worth about $34,000. Grove Bank & Trust lifted its stake in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the last quarter. Riverview Trust Co bought a new stake in Charter Communications during the first quarter worth about $40,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Charter Communications by 109.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after purchasing an additional 83 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Trading Down 0.8 %

Shares of Charter Communications stock 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 company has a debt-to-equity ratio of 5.84, a quick ratio of 0.39 and a current ratio of 0.39. The stock has a 50 day moving average price of $339.63 and a two-hundred day moving average price of $305.96. The stock has a market capitalization of $46.96 billion, a PE ratio of 10.54, a price-to-earnings-growth ratio of 0.62 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 earned $8.05 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts anticipate that Charter Communications will post 32.42 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 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.