Charter Communications, Inc. (NASDAQ:CHTR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $399.35.

Several brokerages recently weighed in on CHTR. Wells Fargo & Company raised their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday. StockNews.com raised shares of Charter Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, April 22nd. Loop Capital increased their target price on shares of Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a research report on Monday. Morgan Stanley boosted their price target on Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Barclays increased their price objective on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a report on Monday, February 3rd.

Institutional Investors Weigh In On Charter Communications

Several hedge funds have recently made changes to their positions in CHTR. Franklin Resources Inc. raised its holdings in Charter Communications by 4.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after acquiring an additional 148,003 shares in the last quarter. Norges Bank acquired a new position in shares of Charter Communications in the fourth quarter valued at $1,032,236,000. Geode Capital Management LLC lifted its position in Charter Communications by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock worth $847,087,000 after purchasing an additional 45,045 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Charter Communications by 822.8% during 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 buying an additional 1,126,783 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after buying an additional 609,554 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 0.9 %

CHTR stock opened at $376.87 on Tuesday. The company has a 50 day moving average of $355.67 and a two-hundred day moving average of $359.20. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications has a 12-month low of $252.93 and a 12-month high of $415.27. The company has a market cap of $53.50 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing analysts’ consensus estimates of $8.70 by ($0.28). Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The firm had revenue of $13.74 billion during the quarter, compared to analysts’ expectations of $13.67 billion. During the same quarter last year, the firm earned $7.55 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, equities analysts anticipate that Charter Communications will post 38.16 earnings per share for the current fiscal 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.