Charter Communications, Inc. (NASDAQ:CHTR) Given Consensus Recommendation of “Reduce” by Analysts

Charter Communications, Inc. (NASDAQ:CHTRGet Free Report) has earned a consensus recommendation of “Reduce” from the nineteen research firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $249.1250.

A number of analysts have weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating and issued a $210.00 target price on shares of Charter Communications in a research report on Tuesday, May 26th. Citigroup lowered their price target on shares of Charter Communications from $230.00 to $190.00 and set a “buy” rating for the company in a report on Monday, June 29th. Weiss Ratings restated a “sell (d+)” rating on shares of Charter Communications in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a report on Monday, April 27th. Finally, Benchmark reiterated a “buy” rating on shares of Charter Communications in a research report on Wednesday.

Read Our Latest Research Report on CHTR

Insider Buying and Selling

In other Charter Communications news, Director Wade Davis bought 5,728 shares of Charter Communications stock in a transaction on Tuesday, April 28th. The shares were purchased at an average cost of $173.72 per share, with a total value of $995,068.16. Following the acquisition, the director directly owned 6,925 shares of the company’s stock, valued at $1,203,011. The trade was a 478.53% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Balan Nair purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was acquired at an average price of $175.46 per share, with a total value of $175,460.00. Following the completion of the transaction, the director owned 12,029 shares in the company, valued at approximately $2,110,608.34. This trade represents a 9.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 20,125 shares of company stock valued at $3,167,116 over the last three months. Insiders own 1.10% of the company’s stock.

Institutional Trading of Charter Communications

Institutional investors have recently modified their holdings of the business. Dodge & Cox increased its holdings in Charter Communications by 23.7% in the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after purchasing an additional 2,801,671 shares during the period. Vanguard Group Inc. lifted its holdings in Charter Communications by 9.5% during the 4th quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock worth $2,139,330,000 after buying an additional 885,935 shares during the period. State Street Corp lifted its holdings in Charter Communications by 22.7% during the 3rd quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after buying an additional 1,475,383 shares during the period. Capital Research Global Investors grew its position in shares of Charter Communications by 304.9% in the 4th quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after buying an additional 3,626,135 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after buying an additional 1,617,148 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Up 1.1%

CHTR stock opened at $129.22 on Thursday. The firm has a 50-day moving average price of $136.79 and a 200-day moving average price of $185.02. Charter Communications has a 12 month low of $124.05 and a 12 month high of $402.15. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The stock has a market capitalization of $15.89 billion, a P/E ratio of 3.49, a price-to-earnings-growth ratio of 0.23 and a beta of 0.71.

Charter Communications (NASDAQ:CHTRGet Free Report) last announced its quarterly earnings results on Friday, April 24th. The company reported $9.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.01 by ($0.84). The company had revenue of $13.60 billion for the quarter, compared to the consensus estimate of $13.56 billion. Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $8.42 earnings per share. As a group, equities research analysts anticipate that Charter Communications will post 41.47 EPS for the current fiscal year.

About Charter Communications

(Get Free Report)

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.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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