Charter Communications (NASDAQ:CHTR) Price Target Raised to $103.00

Charter Communications (NASDAQ:CHTR) had its target price hoisted by Wells Fargo & Company from $101.00 to $103.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Several other analysts have also recently weighed in on CHTR. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Morgan Stanley cut their target price on shares of Charter Communications from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, September 25th. TD Cowen reduced their target price on shares of Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a research note on Monday, July 27th. Arete Research upgraded shares of Charter Communications to a “strong sell” rating in a research report on Thursday, October 1st. Finally, Citigroup lowered their price target on shares of Charter Communications from $180.00 to $140.00 and set a “buy” rating for the company in a research report on Tuesday, November 3rd. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $193.41.

Charter Communications Stock Up 1.7%

Shares of CHTR opened at $136.31 on Monday. The business’s fifty day moving average price is $119.72 and its two-hundred day moving average price is $162.43. The firm has a market capitalization of $16.26 billion, a price-to-earnings ratio of 2.58, a PEG ratio of 0.71 and a beta of 0.73. Charter Communications has a 52 week low of $101.11 and a 52 week high of $254.11. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.36 and a current ratio of 0.37.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 6th. The company reported ($20.50) earnings per share for the quarter, missing analysts’ consensus estimates of $8.94 by ($29.44). Charter Communications had a return on equity of 27.11% and a net margin of 2.50%. The firm had revenue of $14.92 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the previous year, the firm earned $8.34 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Charter Communications will post 35.30 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

Large investors have recently modified their holdings of the business. Cassaday & Co Wealth Management LLC bought a new position in shares of Charter Communications during the 1st quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in shares of Charter Communications in the 2nd quarter valued at approximately $28,000. Raiffeisen Bank International AG increased its stake in Charter Communications by 259.7% during the 2nd quarter. Raiffeisen Bank International AG now owns 223 shares of the company’s stock worth $33,000 after purchasing an additional 161 shares in the last quarter. MCF Advisors LLC increased its stake in Charter Communications by 106.5% during the 2nd quarter. MCF Advisors LLC now owns 223 shares of the company’s stock worth $32,000 after purchasing an additional 115 shares in the last quarter. Finally, Legacies Wealth LLC acquired a new stake in Charter Communications during the 3rd quarter worth approximately $30,000. 81.76% of the stock is currently owned by institutional investors.

Latest Charter Communications News

Here’s some of the latest news about CHTR:

• Positive Sentiment: Charter subsidiaries launched cash tender offers for eight note series, with up to $1.5 billion in aggregate consideration. The announcement was associated with a sharp stock rally, suggesting investors welcomed the debt-management move. Charter Announces Tender Offers for Eight Series of Notes
• Positive Sentiment: Citigroup raised its price target to $150 from $140 and maintained a Buy rating, implying further potential upside. A Wells Fargo analyst also reportedly sees the shares rising, though the article details were limited. Citigroup rating information Wells Fargo analyst article
• Negative Sentiment: Kahn Swick & Foti announced an investigation into Charter’s officers and directors related to the company’s participation in the federal Affordable Connectivity Program, which ended in 2024. The announcement creates potential legal and reputational uncertainty; it does not establish wrongdoing. Investigation announcement

Charter Communications Company Profile

Charter Communications, Inc. provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations. The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.