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

Charter Communications, Inc. (NASDAQ:CHTR) has received a consensus rating of “Hold” from the twenty analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $384.42.

CHTR has been the subject of several research reports. Benchmark reaffirmed a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a research note on Friday, January 31st. Barclays upped their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research note on Tuesday, November 26th. Royal Bank of Canada upped their target price on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a research note on Thursday, December 12th.

Charter Communications Stock Down 0.9 %

Shares of NASDAQ CHTR opened at $379.52 on Monday. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The firm has a market capitalization of $53.97 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 0.44 and a beta of 1.13. The business has a 50-day moving average of $354.80 and a 200-day moving average of $354.61.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business earned $7.07 earnings per share. Sell-side analysts expect that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. raised its holdings in shares of Charter Communications by 4.9% during 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 in the last quarter. Norges Bank bought a new position in Charter Communications in the fourth quarter worth $1,032,236,000. Geode Capital Management LLC raised its holdings in Charter Communications by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock worth $847,087,000 after purchasing an additional 45,045 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Charter Communications by 822.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Charter Communications by 130.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after purchasing an additional 609,554 shares in the last quarter. 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.