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

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given an average recommendation of “Hold” by the twenty-two analysts that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $335.1111.

A number of equities analysts have recently issued reports on the company. BNP Paribas Exane dropped their price target on Charter Communications from $160.00 to $150.00 and set an “underperform” rating on the stock in a research note on Tuesday, February 24th. Benchmark raised their price target on Charter Communications from $425.00 to $455.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. New Street Research dropped their price target on Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Finally, Wells Fargo & Company raised their target price on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a report on Monday, February 2nd.

Hedge Funds Weigh In On Charter Communications

A number of institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC raised its holdings in Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock worth $420,000 after purchasing an additional 38 shares during the period. Orion Porfolio Solutions LLC raised its holdings in Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after purchasing an additional 41 shares during the period. Occudo Quantitative Strategies LP raised its holdings in Charter Communications by 1.4% in the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after purchasing an additional 41 shares during the period. Pure Financial Advisors LLC raised its holdings in Charter Communications by 4.1% in the 4th quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in Charter Communications by 3.6% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock worth $392,000 after purchasing an additional 49 shares during the period. 81.76% of the stock is owned by institutional investors.

Charter Communications Stock Performance

CHTR stock opened at $236.62 on Tuesday. The company has a market cap of $29.96 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 0.39 and a beta of 1.03. Charter Communications has a 1 year low of $180.38 and a 1 year high of $437.06. The company has a debt-to-equity ratio of 4.65, a current ratio of 0.39 and a quick ratio of 0.39. The stock’s fifty day moving average price is $225.71 and its 200-day moving average price is $220.66.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The firm had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business earned $10.10 earnings per share. On average, equities analysts forecast that Charter Communications will post 38.16 earnings per share for the current year.

About Charter Communications

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.