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

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given an average recommendation of “Hold” by the twenty-two research firms that are covering the company, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $315.6667.

CHTR has been the subject of several recent research reports. Royal Bank Of Canada reduced their target price on shares of Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. KeyCorp reissued a “sector weight” rating on shares of Charter Communications in a report on Monday, January 26th. Sanford C. Bernstein reduced their target price on shares of Charter Communications from $220.00 to $210.00 and set a “market perform” rating for the company in a report on Monday, April 27th. JPMorgan Chase & Co. began coverage on shares of Charter Communications in a report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price objective for the company. Finally, Zacks Research raised shares of Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th.

Insider Buying and Selling at Charter Communications

In other news, CEO Christopher L. Winfrey acquired 3,468 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was bought at an average price of $172.23 per share, with a total value of $597,293.64. Following the completion of the acquisition, the chief executive officer owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. This represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Wade Davis acquired 5,728 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was purchased at an average cost of $173.72 per share, with a total value of $995,068.16. Following the acquisition, the director directly owned 6,925 shares of the company’s stock, valued at $1,203,011. This represents a 478.53% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders bought 10,196 shares of company stock valued at $1,767,822. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Optimize Financial Inc purchased a new stake in Charter Communications during the 3rd quarter valued at about $1,557,000. Wealth Enhancement Advisory Services LLC grew its stake in Charter Communications by 245.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock valued at $4,069,000 after acquiring an additional 10,455 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in Charter Communications during the 3rd quarter valued at about $28,651,000. Rakuten Investment Management Inc. purchased a new stake in Charter Communications during the 3rd quarter valued at about $5,260,000. Finally, Gateway Investment Advisers LLC purchased a new stake in Charter Communications during the 4th quarter valued at about $5,911,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Trading Down 3.4%

NASDAQ:CHTR opened at $154.86 on Friday. Charter Communications has a 12 month low of $154.70 and a 12 month high of $437.06. The firm has a fifty day simple moving average of $214.85 and a 200-day simple moving average of $213.88. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The company has a market capitalization of $19.05 billion, a P/E ratio of 4.18, a PEG ratio of 0.28 and a beta of 0.76.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing the consensus estimate of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same quarter in the previous year, the firm posted $8.42 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, equities research analysts anticipate that Charter Communications will post 43 earnings per share for the current 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.