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

Charter Communications, Inc. (NASDAQ:CHTR) has earned a consensus recommendation of “Hold” from the twenty-two research firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $335.1111.

A number of equities analysts recently weighed in on CHTR shares. Wells Fargo & Company upped their target price on shares of Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Sanford C. Bernstein set a $220.00 price target on Charter Communications in a research note on Wednesday, January 28th. Williams Trading set a $437.00 price target on Charter Communications in a report on Monday, February 2nd. BNP Paribas Exane reduced their price objective on Charter Communications from $160.00 to $150.00 and set an “underperform” rating for the company in a research report on Tuesday, February 24th. Finally, New Street Research decreased their price objective on Charter Communications from $479.00 to $328.00 and set a “buy” rating for the company in a report on Thursday, February 5th.

Institutional Trading of Charter Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in CHTR. Capital Research Global Investors lifted its position in shares of Charter Communications by 304.9% in the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock worth $1,005,222,000 after purchasing an additional 3,626,135 shares in the last quarter. Norges Bank acquired a new position in Charter Communications during the second quarter worth $1,145,387,000. Dodge & Cox grew its position in Charter Communications by 23.7% in the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after purchasing an additional 2,801,671 shares in the last quarter. Voyager Global Management LP increased its stake in Charter Communications by 1,380.0% in the 4th quarter. Voyager Global Management LP now owns 1,850,000 shares of the company’s stock valued at $386,188,000 after buying an additional 1,725,000 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Charter Communications by 119.6% in the 4th quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after buying an additional 1,617,148 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

Shares of CHTR stock opened at $211.63 on Friday. The company has a debt-to-equity ratio of 4.65, a quick ratio of 0.39 and a current ratio of 0.39. Charter Communications has a 52 week low of $180.38 and a 52 week high of $437.06. The company’s 50 day moving average price is $217.13 and its two-hundred day moving average price is $227.44. The company has a market capitalization of $26.80 billion, a P/E ratio of 5.83, a price-to-earnings-growth ratio of 0.33 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last released 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 net margin of 9.10% and a return on equity of 24.63%. The company had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same quarter last year, the company earned $10.10 EPS. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts expect that Charter Communications will post 38.16 earnings per share for the current fiscal year.

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.