Charter Communications, Inc. (NASDAQ:CHTR) Receives $378.47 Average PT from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned a consensus recommendation of “Hold” from the eighteen brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $379.06.

A number of equities research analysts recently weighed in on CHTR shares. Pivotal Research lifted their price objective on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Rosenblatt Securities upped their target price on Charter Communications from $292.00 to $329.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Barclays raised their price target on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research note on Monday, November 4th. Finally, TD Cowen upped their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the stock a “buy” rating in a research note on Monday, July 29th.

Hedge Funds Weigh In On Charter Communications

Several hedge funds have recently modified their holdings of the stock. Capital International Investors increased its position in shares of Charter Communications by 53.6% in the 1st quarter. Capital International Investors now owns 10,558,651 shares of the company’s stock valued at $3,068,661,000 after acquiring an additional 3,685,451 shares during the period. Pzena Investment Management LLC raised its stake in shares of Charter Communications by 6.1% in the second quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after purchasing an additional 175,130 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Charter Communications by 10.9% during the second quarter. Dimensional Fund Advisors LP now owns 712,550 shares of the company’s stock worth $212,998,000 after purchasing an additional 69,959 shares during the period. First Pacific Advisors LP boosted its position in Charter Communications by 2.0% in the second quarter. First Pacific Advisors LP now owns 612,604 shares of the company’s stock valued at $183,144,000 after buying an additional 12,218 shares during the last quarter. Finally, Cryder Capital Partners LLP increased its holdings in Charter Communications by 8.0% in the 3rd quarter. Cryder Capital Partners LLP now owns 533,036 shares of the company’s stock worth $172,746,000 after buying an additional 39,334 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $393.71 on Tuesday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.39 and a current ratio of 0.34. The stock’s fifty day moving average is $336.70 and its 200 day moving average is $316.11. The firm has a market capitalization of $55.98 billion, a PE ratio of 12.33, a PEG ratio of 0.65 and a beta of 1.03. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $421.16.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The business’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $8.25 EPS. On average, sell-side analysts anticipate that Charter Communications will post 32.87 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.