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

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned a consensus recommendation of “Hold” from the twenty-two analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $335.1111.

A number of brokerages have recently issued reports on CHTR. Wells Fargo & Company lifted their target price on Charter Communications from $180.00 to $200.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd. UBS Group set a $425.00 price objective on Charter Communications in a report on Thursday, January 29th. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. Williams Trading set a $437.00 target price on Charter Communications in a report on Monday, February 2nd. Finally, Royal Bank Of Canada lowered their target price on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a report on Friday, January 16th.

Charter Communications Price Performance

Shares of CHTR stock opened at $244.69 on Tuesday. The company has a market capitalization of $30.99 billion, a PE ratio of 6.74, a price-to-earnings-growth ratio of 0.39 and a beta of 1.03. The firm has a fifty day simple moving average of $225.84 and a 200-day simple moving average of $220.10. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications has a twelve month low of $180.38 and a twelve month high of $437.06.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.73 billion. During the same period in the previous year, the firm posted $10.10 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. Equities research analysts anticipate that Charter Communications will post 43.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Hedge funds and other institutional investors have recently made changes to their positions in the business. Optimize Financial Inc acquired a new position in shares of Charter Communications during the third quarter worth approximately $1,557,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Charter Communications by 245.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,717 shares of the company’s stock worth $4,069,000 after buying an additional 10,455 shares during the period. AustralianSuper Pty Ltd acquired a new position in shares of Charter Communications during the third quarter worth approximately $28,651,000. Rakuten Investment Management Inc. acquired a new position in shares of Charter Communications during the third quarter worth approximately $5,260,000. Finally, CWM LLC boosted its position in shares of Charter Communications by 764.5% during the third quarter. CWM LLC now owns 23,195 shares of the company’s stock worth $6,381,000 after buying an additional 20,512 shares during the period. 81.76% of the stock is currently owned by institutional investors and hedge funds.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.