Charter Communications, Inc. (NASDAQ:CHTR) Receives $384.42 Consensus PT from Brokerages

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

A number of analysts recently issued reports on the company. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a research report on Tuesday, November 26th. Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Benchmark restated a “buy” rating and issued a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. 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. Finally, Royal Bank of Canada boosted their target price on Charter Communications from $380.00 to $385.00 and gave the company a “sector perform” rating in a research report on Monday, February 3rd.

Hedge Funds Weigh In On Charter Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new stake in shares of Charter Communications during the third quarter valued at about $28,000. Avior Wealth Management LLC raised its position in shares of Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock worth $30,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Charter Communications during the 4th quarter worth about $32,000. Generali Asset Management SPA SGR acquired a new stake in shares of Charter Communications in the 4th quarter worth approximately $36,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Charter Communications by 37.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company’s stock valued at $36,000 after acquiring an additional 29 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Down 1.7 %

CHTR opened at $349.75 on Monday. The company has a fifty day moving average of $355.81 and a two-hundred day moving average of $354.86. The stock has a market capitalization of $49.73 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 0.44 and a beta of 1.13. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.31 and a current ratio of 0.31.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $7.07 earnings per share. On average, research analysts expect that Charter Communications will post 38.16 earnings per share for the current 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.