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

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned an average recommendation of “Reduce” from the twenty analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $321.1250.

Several brokerages have recently commented on CHTR. Royal Bank Of Canada lowered their price target on shares of Charter Communications from $325.00 to $265.00 and set a “sector perform” rating for the company in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Charter Communications from $325.00 to $275.00 and set a “hold” rating for the company in a report on Monday, November 3rd. The Goldman Sachs Group cut their price target on Charter Communications from $215.00 to $210.00 and set a “sell” rating on the stock in a research note on Thursday, December 18th. Citigroup decreased their price objective on Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, Benchmark dropped their price objective on Charter Communications from $475.00 to $425.00 and set a “buy” rating for the company in a report on Monday, November 3rd.

Charter Communications Stock Up 0.4%

Shares of CHTR opened at $210.59 on Friday. The business’s fifty day moving average price is $207.00 and its two-hundred day moving average price is $264.98. The firm has a market capitalization of $27.25 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 0.57 and a beta of 1.06. Charter Communications has a 52 week low of $193.00 and a 52 week high of $437.06. The company has a debt-to-equity ratio of 4.89, a quick ratio of 0.37 and a current ratio of 0.37.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.66 by ($1.32). The firm had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The company’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $8.82 EPS. On average, analysts predict that Charter Communications will post 38.16 earnings per share for the current year.

Insider Buying and Selling at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the transaction, the director owned 10,146 shares of the company’s stock, valued at $2,294,822.28. This trade represents a 10.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in CHTR. Atlantic Union Bankshares Corp acquired a new stake in Charter Communications during the 2nd quarter worth $25,000. Salem Investment Counselors Inc. increased its holdings in shares of Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of Charter Communications during the second quarter worth about $28,000. Webster Bank N. A. bought a new position in shares of Charter Communications during the 3rd quarter valued at about $28,000. Finally, Heritage Wealth Advisors acquired a new position in shares of Charter Communications in the 2nd quarter valued at approximately $29,000. 81.76% of the stock is owned by institutional investors.

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.