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

Charter Communications, Inc. (NASDAQ:CHTR) has been given a consensus rating of “Reduce” by the twenty brokerages that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $329.5625.

CHTR has been the topic of several analyst reports. Benchmark dropped their price target on shares of Charter Communications from $475.00 to $425.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. UBS Group dropped their target price on shares of Charter Communications from $425.00 to $355.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. BNP Paribas Exane reduced their price target on Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a report on Tuesday, November 4th. Citigroup dropped their price objective on Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of Charter Communications in a research report on Monday, November 3rd.

Insider Buying and Selling

In other Charter Communications news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction 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 completion of the transaction, the director directly owned 10,146 shares of the company’s stock, valued at $2,294,822.28. The trade was a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CHTR. SouthState Corp acquired a new stake in Charter Communications during the first quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Charter Communications during the second quarter worth approximately $25,000. Salem Investment Counselors Inc. boosted its stake in Charter Communications by 2,033.3% in the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company’s stock valued at $26,000 after purchasing an additional 61 shares during the period. Ameritas Advisory Services LLC acquired a new position in Charter Communications in the 2nd quarter valued at $28,000. Finally, Webster Bank N. A. bought a new position in Charter Communications during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

CHTR opened at $203.00 on Friday. The business’s 50-day simple moving average is $245.32 and its 200 day simple moving average is $313.15. 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 4.57, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $26.27 billion, a PE ratio of 5.56, a PEG ratio of 0.55 and a beta of 1.04.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share for the quarter, missing the consensus estimate of $9.66 by ($1.32). The company had revenue of $13.67 billion for the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $8.82 EPS. As a group, sell-side analysts expect that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.