Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Price Target at $360.93

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been assigned a consensus rating of “Hold” from the seventeen analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $360.93.

A number of research analysts have weighed in on the company. Loop Capital reduced their target price on Charter Communications from $335.00 to $285.00 and set a “hold” rating on the stock in a report on Monday, April 29th. Rosenblatt Securities raised their price objective on Charter Communications from $292.00 to $329.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Pivotal Research boosted their target price on shares of Charter Communications from $400.00 to $435.00 and gave the company a “buy” rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Charter Communications from $300.00 to $325.00 and gave the stock a “hold” rating in a research note on Monday, July 29th. Finally, Wolfe Research lowered shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st.

Charter Communications Price Performance

Shares of CHTR stock opened at $348.73 on Thursday. The company has a debt-to-equity ratio of 5.84, a quick ratio of 0.40 and a current ratio of 0.39. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $458.30. The firm has a market cap of $50.23 billion, a P/E ratio of 11.28, a P/E/G ratio of 0.70 and a beta of 1.04. The business’s 50 day moving average price is $326.42 and its 200-day moving average price is $295.45.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, July 26th. The company reported $8.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.98 by $0.51. The business had revenue of $13.69 billion for the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $8.05 EPS. On average, equities research analysts anticipate that Charter Communications will post 32.52 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

A number of large investors have recently added to or reduced their stakes in CHTR. Victory Capital Management Inc. boosted its stake in shares of Charter Communications by 2.9% in the 4th quarter. Victory Capital Management Inc. now owns 102,802 shares of the company’s stock worth $39,957,000 after buying an additional 2,940 shares during the last quarter. Bessemer Group Inc. boosted its position in Charter Communications by 50.8% in the first quarter. Bessemer Group Inc. now owns 9,147 shares of the company’s stock worth $2,658,000 after purchasing an additional 3,080 shares during the last quarter. Sands Capital Management LLC grew its stake in shares of Charter Communications by 5.7% during the 4th quarter. Sands Capital Management LLC now owns 319,860 shares of the company’s stock valued at $124,323,000 after purchasing an additional 17,112 shares during the period. Oakcliff Capital Partners LP increased its position in shares of Charter Communications by 8.2% during the 4th quarter. Oakcliff Capital Partners LP now owns 38,474 shares of the company’s stock valued at $14,954,000 after purchasing an additional 2,900 shares during the last quarter. Finally, FORA Capital LLC lifted its stake in shares of Charter Communications by 45.8% in the 1st quarter. FORA Capital LLC now owns 20,743 shares of the company’s stock worth $6,029,000 after purchasing an additional 6,519 shares during the period. Institutional investors own 81.76% of the company’s stock.

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.