Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Target Price at $335.67

Shares of Charter Communications, Inc. (NASDAQ:CHTRGet Free Report) have earned an average rating of “Hold” from the twenty-two research firms that are currently covering the stock, Marketbeat reports. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $335.1111.

A number of equities research analysts have recently issued reports on the stock. New Street Research lowered their price target on shares of Charter Communications from $479.00 to $328.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. The Goldman Sachs Group lowered their target price on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. Williams Trading set a $437.00 price target on shares of Charter Communications in a research report on Monday, February 2nd. Oppenheimer cut shares of Charter Communications from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Finally, Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a research note on Monday, February 16th.

Read Our Latest Report on CHTR

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CHTR. Atlantic Union Bankshares Corp purchased a new stake in Charter Communications in the second quarter valued at approximately $25,000. Quarry LP raised its position in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after buying an additional 72 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Charter Communications during the 4th quarter worth $25,000. DV Equities LLC purchased a new position in Charter Communications in the fourth quarter worth $25,000. Finally, Webster Bank N. A. bought a new position in Charter Communications in the third quarter valued at $28,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Trending Headlines about Charter Communications

Here are the key news stories impacting Charter Communications this week:

Charter Communications Price Performance

Charter Communications stock opened at $225.75 on Monday. The firm has a market capitalization of $28.59 billion, a P/E ratio of 6.22, a PEG ratio of 0.36 and a beta of 1.05. Charter Communications has a one year low of $180.38 and a one 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 business has a fifty day moving average price of $212.09 and a 200-day moving average price of $232.01.

Charter Communications (NASDAQ:CHTRGet Free Report) last released its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $13.73 billion. During the same quarter in the previous year, the firm posted $10.10 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities research analysts forecast that Charter Communications will post 38.16 EPS for the current year.

Charter Communications Company Profile

(Get Free Report)

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.

Featured Stories

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.