Charter Communications, Inc. (NASDAQ:CHTR) Receives $384.42 Average Target Price from Analysts

Charter Communications, Inc. (NASDAQ:CHTR) has received a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $384.42.

CHTR has been the topic of a number of recent research reports. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research note on Tuesday, November 26th. Benchmark raised their price target on shares of Charter Communications from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Royal Bank of Canada lifted their price target on Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research report on Monday, November 4th. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research report on Monday, September 30th. Finally, Citigroup upgraded Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 price objective on the stock in a report on Wednesday, September 11th.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $348.65 on Wednesday. The firm has a fifty day moving average price of $372.00 and a 200-day moving average price of $342.70. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. Charter Communications has a 1 year low of $236.08 and a 1 year high of $415.27. The stock has a market cap of $49.58 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08.

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

Institutional Investors Weigh In On Charter Communications

Several hedge funds have recently made changes to their positions in the business. Reston Wealth Management LLC acquired a new position in Charter Communications in the 3rd quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in shares of Charter Communications in the third quarter valued at approximately $28,000. Grove Bank & Trust raised its stake in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares during the last quarter. CVA Family Office LLC lifted its holdings in shares of Charter Communications by 31.3% during the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after purchasing an additional 35 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds 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.