Charter Communications, Inc. (NASDAQ:CHTR) Receives Average Recommendation of "Hold" from Brokerages

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has received an average rating of "Hold" from the twenty analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $384.42.

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Charter Communications from $340.00 to $365.00 and gave the company a "hold" rating in a research report on Monday, November 4th. Benchmark reaffirmed a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a research report on Friday, January 31st. Bank of America raised shares of Charter Communications from a "neutral" rating to a "buy" rating and increased their target price for the stock from $385.00 to $450.00 in a report on Monday, November 4th. BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price target on the stock in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a research note on Monday, November 4th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CHTR. CWM LLC grew its holdings in Charter Communications by 8.8% during the 3rd quarter. CWM LLC now owns 1,751 shares of the company's stock valued at $567,000 after purchasing an additional 141 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Charter Communications during the third quarter valued at approximately $577,000. Grove Bank & Trust raised its holdings in shares of Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after buying an additional 34 shares during the period. Creative Planning boosted its holdings in Charter Communications by 1.5% during the 3rd quarter. Creative Planning now owns 10,981 shares of the company's stock valued at $3,559,000 after acquiring an additional 161 shares during the period. Finally, Swedbank AB grew its position in Charter Communications by 8.7% in the 3rd quarter. Swedbank AB now owns 41,367 shares of the company's stock valued at $13,406,000 after acquiring an additional 3,298 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Down 0.0 %

Shares of NASDAQ CHTR traded down $0.04 during midday trading on Thursday, hitting $361.70. The stock had a trading volume of 465,926 shares, compared to its average volume of 1,119,176. The business's 50 day moving average is $353.75 and its 200-day moving average is $353.54. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27. 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 has a market cap of $51.43 billion, a P/E ratio of 10.35, a PEG ratio of 0.44 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the prior year, the company earned $7.07 EPS. As a group, analysts predict that Charter Communications will post 38.16 EPS for the current year.

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.