Charter Communications, Inc. (NASDAQ:CHTR) Receives $393.18 Average PT from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned an average rating of “Hold” from the eighteen analysts that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $393.18.

A number of equities analysts have recently commented on the company. Benchmark restated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. Royal Bank of Canada lifted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. Citigroup assumed coverage on shares of Charter Communications in a research report on Friday, March 14th. They set a “buy” rating and a $425.00 price target for the company. Finally, Barclays increased their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research note on Monday, February 3rd.

Institutional Trading of Charter Communications

Several institutional investors have recently added to or reduced their stakes in CHTR. Franklin Resources Inc. increased its position in shares of Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Norges Bank acquired a new position in Charter Communications in the fourth quarter worth about $1,032,236,000. Geode Capital Management LLC increased its holdings in Charter Communications by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock valued at $847,087,000 after buying an additional 45,045 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock valued at $433,167,000 after buying an additional 1,126,783 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after buying an additional 609,554 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Stock Down 8.2 %

CHTR stock opened at $338.29 on Friday. The company has a 50 day moving average price of $360.56 and a two-hundred day moving average price of $357.75. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $48.02 billion, a P/E ratio of 9.68, a PEG ratio of 0.44 and a beta of 1.12. Charter Communications has a one year low of $236.08 and a one year high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the business posted $7.07 earnings per share. As a group, sell-side analysts expect that Charter Communications will post 38.16 EPS 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.