Charter Communications, Inc. (NASDAQ:CHTR) Receives $808.57 Average PT from Brokerages

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given a consensus recommendation of “Buy” by the twenty-two analysts that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $808.57.

Several research firms have issued reports on CHTR. Benchmark increased their price objective on shares of Charter Communications from $820.00 to $900.00 and gave the company a “buy” rating in a report on Monday, August 2nd. HSBC increased their price objective on shares of Charter Communications from $650.00 to $700.00 and gave the company a “hold” rating in a report on Monday, May 24th. TD Securities downgraded shares of Charter Communications from a “buy” rating to a “hold” rating and increased their price objective for the company from $840.00 to $870.00 in a report on Friday, September 3rd. They noted that the move was a valuation call. Barclays increased their price objective on shares of Charter Communications from $575.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, July 8th. Finally, Royal Bank of Canada increased their price objective on shares of Charter Communications from $660.00 to $770.00 and gave the company a “sector perform” rating in a report on Monday, August 2nd.

In other Charter Communications news, CMO Jonathan Hargis sold 7,254 shares of Charter Communications stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $764.94, for a total transaction of $5,548,874.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO John Bickham sold 14,376 shares of Charter Communications stock in a transaction dated Thursday, June 17th. The shares were sold at an average price of $685.13, for a total transaction of $9,849,428.88. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amica Mutual Insurance Co. boosted its stake in shares of Charter Communications by 80.8% in the second quarter. Amica Mutual Insurance Co. now owns 15,815 shares of the company’s stock valued at $11,410,000 after purchasing an additional 7,066 shares during the period. Findlay Park Partners LLP boosted its stake in shares of Charter Communications by 14.2% in the second quarter. Findlay Park Partners LLP now owns 412,005 shares of the company’s stock valued at $297,241,000 after purchasing an additional 51,164 shares during the period. Banco Santander S.A. boosted its stake in shares of Charter Communications by 32.1% in the first quarter. Banco Santander S.A. now owns 10,968 shares of the company’s stock valued at $6,768,000 after purchasing an additional 2,668 shares during the period. ARS Investment Partners LLC boosted its stake in shares of Charter Communications by 15.5% in the first quarter. ARS Investment Partners LLC now owns 32,749 shares of the company’s stock valued at $20,207,000 after purchasing an additional 4,403 shares during the period. Finally, Profund Advisors LLC boosted its stake in shares of Charter Communications by 20.8% in the first quarter. Profund Advisors LLC now owns 20,004 shares of the company’s stock valued at $12,343,000 after purchasing an additional 3,438 shares during the period. 69.96% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ CHTR opened at $761.86 on Friday. The company’s fifty day moving average price is $764.69 and its 200 day moving average price is $699.27. Charter Communications has a 1 year low of $572.46 and a 1 year high of $825.62. The company has a market capitalization of $140.05 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The company has a debt-to-equity ratio of 3.61, a quick ratio of 0.47 and a current ratio of 0.47.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Thursday, July 29th. The company reported $5.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.81 by $0.48. Charter Communications had a net margin of 7.78% and a return on equity of 13.08%. The firm had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.62 billion. During the same period in the prior year, the firm posted $3.63 earnings per share. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities analysts expect that Charter Communications will post 21.12 EPS for the current year.

Charter Communications Company Profile

Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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