Charter Communications, Inc. (NASDAQ:CHTR) Stock Has Average Target Price of $202.53

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given a consensus rating of “Reduce” by the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $202.53.

Several analysts recently commented on the stock. Bank of America reissued a “buy” rating on shares of Charter Communications in a research report on Monday, July 27th. Zacks Research upgraded shares of Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a research note on Thursday, October 1st. JPMorgan Chase & Co. cut their price target on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating on the stock in a report on Wednesday, July 29th. Finally, Wolfe Research reissued an “underperform” rating and set a $118.00 price target on shares of Charter Communications in a research report on Monday, September 14th.

Charter Communications Trading Down 0.9%

NASDAQ CHTR opened at $102.48 on Tuesday. Charter Communications has a 12 month low of $101.63 and a 12 month high of $268.77. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. The stock’s fifty day moving average price is $136.65 and its 200-day moving average price is $152.49. The stock has a market cap of $12.22 billion, a P/E ratio of 2.66, a P/E/G ratio of 0.22 and a beta of 0.70.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 24th. The company reported $10.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.98 by $0.68. The firm had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. Charter Communications’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $9.18 EPS. As a group, equities analysts forecast that Charter Communications will post 42.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHTR. Pure Financial Advisors LLC boosted its holdings in Charter Communications by 4.1% in the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares during the last quarter. Gabelli Funds LLC raised its stake in Charter Communications by 0.3% during the 1st quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $6,476,000 after buying an additional 100 shares during the last quarter. V Square Quantitative Management LLC raised its stake in Charter Communications by 3.9% during the 1st quarter. V Square Quantitative Management LLC now owns 2,768 shares of the company’s stock valued at $598,000 after buying an additional 104 shares during the last quarter. NewEdge Advisors LLC raised its stake in Charter Communications by 6.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,762 shares of the company’s stock valued at $380,000 after buying an additional 104 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Charter Communications by 11.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the company’s stock valued at $229,000 after buying an additional 112 shares during the period. 81.76% of the stock is owned by institutional investors.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that provides broadband connectivity and related communications services in the United States. Its consumer-facing operations are marketed primarily under the Spectrum brand and include high-speed internet, video entertainment, mobile wireless service and voice communications.

Charter also serves businesses and public-sector organizations with internet access, data networking, telephone, video and managed communications solutions.