Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) Target Price at $360.93

Charter Communications, Inc. (NASDAQ:CHTR) has received an average recommendation of “Hold” from the eighteen analysts that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $359.94.

Several research analysts have weighed in on CHTR shares. Morgan Stanley lifted their target price on Charter Communications from $330.00 to $360.00 and gave the company an “equal weight” rating in a research note on Monday, July 29th. Wolfe Research cut shares of Charter Communications from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, July 31st. Bank of America upped their price objective on shares of Charter Communications from $360.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. Raymond James lowered shares of Charter Communications from a “market perform” rating to an “underperform” rating in a research note on Monday, July 29th. Finally, The Goldman Sachs Group assumed coverage on shares of Charter Communications in a report on Monday, July 1st. They set a “sell” rating and a $250.00 price target for the company.

Charter Communications Stock Down 0.3 %

CHTR stock opened at $330.40 on Monday. The company has a market cap of $47.59 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 0.61 and a beta of 1.05. The company has a fifty day moving average price of $344.81 and a 200 day moving average price of $302.50. The company has a debt-to-equity ratio of 5.84, a current ratio of 0.39 and a quick ratio of 0.39. Charter Communications has a 12 month low of $236.08 and a 12 month high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, July 26th. The company reported $8.49 earnings per share for the quarter, topping the consensus estimate of $7.98 by $0.51. The business had revenue of $13.69 billion during the quarter, compared to the consensus estimate of $13.59 billion. Charter Communications had a net margin of 8.51% and a return on equity of 30.11%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.05 earnings per share. Sell-side analysts expect that Charter Communications will post 32.52 earnings per share for the current year.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors and hedge funds have recently bought and sold shares of CHTR. CVA Family Office LLC increased its position in Charter Communications by 5,500.0% during the second quarter. CVA Family Office LLC now owns 112 shares of the company’s stock worth $33,000 after buying an additional 110 shares in the last quarter. New Covenant Trust Company N.A. purchased a new stake in shares of Charter Communications in the first quarter valued at $34,000. Riverview Trust Co acquired a new stake in shares of Charter Communications during the first quarter valued at $40,000. Massmutual Trust Co. FSB ADV increased its position in Charter Communications by 109.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 159 shares of the company’s stock worth $48,000 after purchasing an additional 83 shares in the last quarter. Finally, Beach Investment Counsel Inc. PA acquired a new position in Charter Communications in the 2nd quarter valued at about $50,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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.