Charter Communications Inc (NASDAQ:CHTR) has been assigned a consensus recommendation of “Buy” from the twenty-one ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, twelve have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $358.50.

Several brokerages have weighed in on CHTR. Raymond James dropped their price target on shares of Charter Communications from $400.00 to $365.00 and set a “strong-buy” rating for the company in a research report on Wednesday, October 31st. Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Citigroup dropped their price target on shares of Charter Communications from $375.00 to $370.00 and set a “buy” rating for the company in a research report on Thursday, November 1st. BidaskClub raised shares of Charter Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 2nd. Finally, Cowen increased their price target on shares of Charter Communications from $337.00 to $357.00 and gave the company an “outperform” rating in a research report on Friday, December 7th.

CHTR traded up $1.87 during trading on Friday, hitting $294.54. 906,800 shares of the stock traded hands, compared to its average volume of 1,377,225. The stock has a market capitalization of $68.13 billion, a P/E ratio of 110.55, a PEG ratio of 1.13 and a beta of 1.22. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.53. Charter Communications has a 12-month low of $250.10 and a 12-month high of $396.64.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 26th. The company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $1.06. The business had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.93 billion. Charter Communications had a net margin of 24.39% and a return on equity of 2.39%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.19 EPS. Sell-side analysts expect that Charter Communications will post 5.58 EPS for the current fiscal year.

In other news, insider John Bickham sold 144,672 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $322.71, for a total value of $46,687,101.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.83% of the company’s stock.

Large investors have recently bought and sold shares of the company. Capital International Investors increased its stake in shares of Charter Communications by 752.5% in the 3rd quarter. Capital International Investors now owns 3,674,059 shares of the company’s stock worth $1,197,302,000 after acquiring an additional 3,243,090 shares in the last quarter. Senator Investment Group LP bought a new position in shares of Charter Communications in the 3rd quarter worth about $236,263,000. Rehmann Capital Advisory Group increased its stake in shares of Charter Communications by 34,636.6% in the 3rd quarter. Rehmann Capital Advisory Group now owns 347,713 shares of the company’s stock worth $1,067,000 after acquiring an additional 346,712 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Charter Communications in the 2nd quarter worth about $321,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Charter Communications in the 3rd quarter worth about $104,551,000. 71.81% of the stock is owned by hedge funds and other institutional investors.

About Charter Communications

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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