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

Charter Communications, Inc. (NASDAQ:CHTR) has received a consensus rating of “Hold” from the eighteen research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and six 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 $399.35.

Several research firms have recently commented on CHTR. Morgan Stanley upped their price target on shares of Charter Communications from $385.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Monday. Loop Capital boosted their price objective on Charter Communications from $385.00 to $430.00 and gave the stock a “hold” rating in a research report on Monday. Barclays raised their target price on Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. StockNews.com upgraded Charter Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, April 22nd. Finally, Benchmark reissued a “buy” rating and set a $450.00 price target on shares of Charter Communications in a report on Friday, January 31st.

Charter Communications Price Performance

CHTR opened at $376.87 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The company’s 50-day moving average price is $355.67 and its 200 day moving average price is $359.20. Charter Communications has a fifty-two week low of $252.93 and a fifty-two week high of $415.27. The firm has a market cap of $53.50 billion, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.70 by ($0.28). The company had revenue of $13.74 billion during the quarter, compared to the consensus estimate of $13.67 billion. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the business posted $7.55 EPS. As a group, sell-side analysts expect that Charter Communications will post 38.16 earnings per share for the current year.

Hedge Funds Weigh In On Charter Communications

A number of institutional investors have recently bought and sold shares of CHTR. Franklin Resources Inc. increased its position in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after acquiring an additional 148,003 shares in the last quarter. Norges Bank purchased a new position in Charter Communications during the 4th quarter worth approximately $1,032,236,000. Geode Capital Management LLC raised its stake in 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 purchasing an additional 45,045 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Charter Communications by 130.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after buying an additional 609,554 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

About Charter Communications

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.