Charter Communications, Inc. (NASDAQ:CHTR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $378.00.

Several equities research analysts have weighed in on CHTR shares. JPMorgan Chase & Co. upped their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research note on Monday, November 4th. Royal Bank of Canada upped their price objective on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a research report on Monday, November 4th. Benchmark lifted their target price on 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 cut 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 report on Monday, September 30th. Finally, Bank of America raised shares of Charter Communications from a “neutral” rating to a “buy” rating and lifted their price target for the company from $385.00 to $450.00 in a report on Monday, November 4th.

Institutional Trading of Charter Communications

Several institutional investors have recently added to or reduced their stakes in CHTR. First Eagle Investment Management LLC lifted its position 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 worth $104,188,000 after purchasing an additional 348,299 shares during the period. Assenagon Asset Management S.A. raised its stake 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 worth $80,941,000 after buying an additional 247,789 shares during the last quarter. FMR LLC lifted its holdings in 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 buying an additional 230,817 shares during the period. Pzena Investment Management LLC boosted its position in Charter Communications by 6.1% during the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock valued at $903,932,000 after acquiring an additional 175,130 shares during the last quarter. Finally, Fernbridge Capital Management LP acquired a new stake in Charter Communications during the 3rd quarter worth about $48,200,000. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Up 1.8 %

Shares of NASDAQ CHTR opened at $396.96 on Friday. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27. The stock’s fifty day moving average is $353.45 and its 200 day moving average is $329.20. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $56.45 billion, a P/E ratio of 12.43, a PEG ratio of 0.62 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR) last released 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 net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. During the same period last year, the firm earned $8.25 EPS. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. Sell-side analysts forecast that Charter Communications will post 32.87 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.