Charter Communications, Inc. (NASDAQ:CHTR) Receives $384.42 Consensus PT from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received an average rating of “Hold” from the twenty brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $384.42.

CHTR has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Charter Communications from $345.00 to $390.00 and gave the company a “sector perform” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a research report on Monday, November 4th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and increased their price objective for the company from $385.00 to $450.00 in a report on Monday, November 4th. Finally, BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a report on Tuesday, November 26th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CHTR. Reston Wealth Management LLC acquired a new stake in Charter Communications during the third quarter worth about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Charter Communications during the 3rd quarter worth approximately $28,000. Grove Bank & Trust increased its position in shares of Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the period. CVA Family Office LLC raised its stake in shares of Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after purchasing an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in Charter Communications by 28.7% in the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock worth $51,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Price Performance

CHTR opened at $342.77 on Wednesday. The stock has a fifty day moving average price of $372.81 and a 200 day moving average price of $344.59. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications has a 1 year low of $236.08 and a 1 year high of $415.27. The stock has a market cap of $48.74 billion, a price-to-earnings ratio of 10.74, a PEG ratio of 0.60 and a beta of 1.08.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.55 by $0.27. The business had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $8.25 EPS. Analysts forecast that Charter Communications will post 32.87 EPS 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.