Charter Communications, Inc. (NASDAQ:CHTR) Given Consensus Recommendation of “Hold” by Brokerages

Charter Communications, Inc. (NASDAQ:CHTR) has earned an average recommendation of “Hold” from the twenty analysts that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $383.89.

A number of equities analysts have commented on CHTR shares. Benchmark lifted their target price on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research report on Monday, September 30th. Pivotal Research increased their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target for the company in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday, November 4th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Lind Value II ApS acquired a new stake in Charter Communications in the 4th quarter valued at about $9,743,000. Oddo BHF Asset Management Sas acquired a new stake in Charter Communications during the third quarter valued at approximately $1,345,000. Worldquant Millennium Advisors LLC boosted its holdings in Charter Communications by 193.8% during the third quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock worth $12,993,000 after buying an additional 26,446 shares in the last quarter. Franklin Resources Inc. grew its position in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Finally, Cornerstone Capital Inc. increased its holdings in shares of Charter Communications by 40.7% in the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after buying an additional 10,950 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ CHTR opened at $351.37 on Friday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. The company has a market capitalization of $49.96 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.48 and a beta of 1.10. Charter Communications has a twelve month low of $236.08 and a twelve month high of $415.27. The business has a 50 day simple moving average of $370.33 and a 200-day simple moving average of $349.10.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.66 billion. During the same period in the prior year, the company earned $8.25 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. As a group, equities research analysts expect that Charter Communications will post 34.46 earnings per share for the current year.

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.