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

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given an average rating of “Hold” by the twenty research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $384.42.

A number of equities analysts have weighed in on the company. Wells Fargo & Company boosted their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a research report on Monday, November 4th. Benchmark increased their price objective on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, November 4th. Finally, Morgan Stanley raised their price target on Charter Communications from $360.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Monday, November 4th.

Hedge Funds Weigh In On Charter Communications

Several institutional investors have recently added to or reduced their stakes in CHTR. First Eagle Investment Management LLC boosted its position in shares of Charter Communications by 172,425.2% during 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. lifted its position in Charter Communications by 12,597.3% during the third quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company’s stock valued at $80,941,000 after purchasing an additional 247,789 shares during the last quarter. FMR LLC grew its stake in shares of Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Charter Communications by 6.1% in the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after buying an additional 175,130 shares during the last quarter. Finally, Fernbridge Capital Management LP purchased a new stake in shares of Charter Communications during the 3rd quarter valued at about $48,200,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of CHTR opened at $352.19 on Wednesday. The company has a market capitalization of $50.08 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The firm has a 50 day moving average of $370.21 and a 200 day moving average of $341.52. Charter Communications has a twelve month low of $236.08 and a twelve month high of $415.27.

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