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

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given a consensus rating of “Hold” by the twenty research firms that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $388.37.

Several equities research analysts recently issued reports on CHTR shares. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their price target on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research note on Thursday, December 12th. Citigroup started coverage on shares of Charter Communications in a research note on Friday. They set a “buy” rating and a $425.00 price target on the stock. Finally, Barclays lifted their price target on shares of Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd.

Charter Communications Stock Performance

Shares of CHTR stock opened at $351.50 on Monday. The company’s fifty day simple moving average is $355.59 and its 200-day simple moving average is $354.71. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The company has a market cap of $49.98 billion, a PE ratio of 10.05, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same period in the prior year, the firm posted $7.07 EPS. As a group, equities research analysts anticipate that Charter Communications will post 38.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Lind Value II ApS acquired a new position in shares of Charter Communications in the 4th quarter valued at about $9,743,000. Oddo BHF Asset Management Sas acquired a new position in Charter Communications during the 3rd quarter valued at about $1,345,000. Worldquant Millennium Advisors LLC boosted its stake in Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock valued at $12,993,000 after purchasing an additional 26,446 shares during the period. Caprock Group LLC boosted its stake in Charter Communications by 39.7% during the 4th quarter. Caprock Group LLC now owns 3,517 shares of the company’s stock valued at $1,206,000 after purchasing an additional 999 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Charter Communications by 4.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

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.