Charter Communications, Inc. (NASDAQ:CHTR) Receives Average Rating of “Hold” from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given an average recommendation of “Hold” by the twenty-two ratings firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $335.1111.

CHTR has been the subject of several analyst reports. TD Cowen raised their target price on shares of Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a research note on Monday, December 29th. Benchmark lifted their price objective on shares of Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Sanford C. Bernstein set a $220.00 price objective on shares of Charter Communications in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group dropped their target price on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a report on Monday, February 2nd.

Charter Communications Stock Performance

CHTR opened at $211.63 on Friday. The business’s 50-day simple moving average is $217.13 and its 200 day simple moving average is $227.44. Charter Communications has a 52-week low of $180.38 and a 52-week high of $437.06. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. The firm has a market capitalization of $26.80 billion, a PE ratio of 5.83, a PEG ratio of 0.33 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same period last year, the firm earned $10.10 EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

A number of hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its stake in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after acquiring an additional 55 shares during the period. Webster Bank N. A. acquired a new position in shares of Charter Communications during the 3rd quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. bought a new stake in Charter Communications in the 3rd quarter valued at $30,000. Quarry LP lifted its holdings in Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Finally, Altshuler Shaham Ltd acquired a new stake in Charter Communications during the 4th quarter valued at $25,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.