Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Target Price at $380.80

Charter Communications, Inc. (NASDAQ:CHTR) has been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $380.80.

A number of research analysts have issued reports on CHTR shares. Wells Fargo & Company cut their target price on shares of Charter Communications from $340.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Friday, April 5th. Barclays cut their target price on shares of Charter Communications from $280.00 to $250.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 2nd. Pivotal Research cut their target price on shares of Charter Communications from $500.00 to $450.00 and set a “buy” rating on the stock in a research report on Monday, February 5th. Rosenblatt Securities cut their target price on shares of Charter Communications from $334.00 to $297.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Charter Communications from $375.00 to $320.00 and set a “hold” rating on the stock in a research report on Tuesday, April 16th.

Charter Communications Stock Up 0.5 %

Shares of NASDAQ CHTR opened at $266.31 on Friday. The firm’s 50-day simple moving average is $283.08 and its 200 day simple moving average is $350.67. The company has a market cap of $38.68 billion, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 0.46 and a beta of 0.96. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51. Charter Communications has a 12-month low of $254.31 and a 12-month high of $458.30.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, February 2nd. The company reported $7.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.76 by ($1.69). The company had revenue of $13.71 billion for the quarter, compared to analyst estimates of $13.70 billion. Charter Communications had a return on equity of 32.32% and a net margin of 8.35%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $7.69 EPS. On average, research analysts expect that Charter Communications will post 32.38 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

A number of large investors have recently bought and sold shares of the business. Proficio Capital Partners LLC increased its stake in Charter Communications by 4.8% during the 3rd quarter. Proficio Capital Partners LLC now owns 595 shares of the company’s stock worth $262,000 after purchasing an additional 27 shares in the last quarter. CX Institutional grew its stake in shares of Charter Communications by 2.3% during the 3rd quarter. CX Institutional now owns 1,185 shares of the company’s stock worth $521,000 after acquiring an additional 27 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in shares of Charter Communications by 32.1% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 111 shares of the company’s stock worth $49,000 after acquiring an additional 27 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Charter Communications by 9.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 313 shares of the company’s stock worth $138,000 after acquiring an additional 28 shares in the last quarter. Finally, PDS Planning Inc grew its stake in shares of Charter Communications by 3.4% during the 3rd quarter. PDS Planning Inc now owns 870 shares of the company’s stock worth $383,000 after acquiring an additional 29 shares in the last quarter. 81.76% of the stock is owned by 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.