Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) Target Price at $384.42

Charter Communications, Inc. (NASDAQ:CHTR) has been given a consensus rating of “Hold” by the twenty brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $388.37.

A number of analysts recently commented on CHTR shares. Citigroup started coverage on shares of Charter Communications in a report on Friday. They issued a “buy” rating and a $425.00 target price on the stock. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a report on Thursday, December 12th. Royal Bank of Canada boosted their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Barclays boosted their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a report on Monday, February 3rd. Finally, BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a report on Tuesday, November 26th.

Charter Communications Trading Up 1.8 %

Shares of NASDAQ:CHTR opened at $351.50 on Monday. The company has a 50 day moving average of $355.59 and a 200-day moving average of $354.71. The firm has a market cap of $49.98 billion, a P/E ratio of 10.05, a P/E/G ratio of 0.44 and a beta of 1.13. Charter Communications has a twelve month low of $236.08 and a twelve month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period last year, the company posted $7.07 earnings per share. As a group, analysts anticipate that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Norges Bank purchased a new position in Charter Communications during the fourth quarter valued at approximately $1,032,236,000. Price T Rowe Associates Inc. MD grew its position in Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after acquiring an additional 1,126,783 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after acquiring an additional 609,554 shares in the last quarter. FMR LLC grew its position in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after acquiring an additional 230,817 shares in the last quarter. Finally, LSV Asset Management grew its position in Charter Communications by 8,343.1% in the fourth quarter. LSV Asset Management now owns 177,305 shares of the company’s stock worth $60,775,000 after acquiring an additional 175,205 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.