Charter Communications, Inc. (NASDAQ:CHTR) Given Average Recommendation of “Hold” by Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned a consensus rating of “Hold” from the twenty brokerages that are covering the stock, MarketBeat.com reports. Four research 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 1-year price target among brokerages that have updated their coverage on the stock in the last year is $384.42.

A number of brokerages recently issued reports on CHTR. JPMorgan Chase & Co. boosted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective for the company in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, Pivotal Research increased their target price on Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a research report on Monday, November 4th.

Charter Communications Trading Up 1.0 %

Shares of CHTR stock opened at $354.56 on Thursday. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market cap of $50.42 billion, a P/E ratio of 10.14, a PEG ratio of 0.43 and a beta of 1.11. The company has a 50 day moving average of $356.87 and a 200-day moving average of $354.19. Charter Communications has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the prior year, the company earned $7.07 earnings per share. Sell-side analysts anticipate that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Trading of Charter Communications

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. increased its stake in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after acquiring an additional 148,003 shares during the last quarter. Norges Bank bought a new position in shares of Charter Communications during the 4th quarter valued at about $1,032,236,000. Geode Capital Management LLC raised its holdings in shares of Charter Communications by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock valued at $847,087,000 after buying an additional 45,045 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after buying an additional 609,554 shares during the last quarter. Finally, FMR LLC boosted its stake in Charter Communications by 27.7% in the third quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

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.