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

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has been assigned a consensus recommendation of "Hold" from the twenty brokerages that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and six have given 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 topic of several research reports. BNP Paribas raised Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 target price on the stock in a research report on Tuesday, November 26th. Barclays upped 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. Benchmark reissued a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Bank of America raised Charter Communications from a "neutral" rating to a "buy" rating and increased their price target for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Finally, Royal Bank of Canada increased their price target on Charter Communications from $380.00 to $385.00 and gave the stock a "sector perform" rating in a research report on Monday, February 3rd.

Institutional Trading of Charter Communications

A number of large investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Charter Communications in the 4th quarter valued at about $1,032,236,000. Price T Rowe Associates Inc. MD grew its stake in shares of Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock valued at $433,167,000 after buying an additional 1,126,783 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Charter Communications by 130.1% in the 4th 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 during the period. Assenagon Asset Management S.A. grew its stake in shares of Charter Communications by 12,597.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 249,756 shares of the company's stock valued at $80,941,000 after buying an additional 247,789 shares during the period. Finally, FMR LLC lifted its position in shares of Charter Communications by 27.7% during the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company's stock worth $345,128,000 after buying an additional 230,817 shares in the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

NASDAQ CHTR traded down $0.50 during trading on Thursday, reaching $360.27. 671,831 shares of the company's stock were exchanged, compared to its average volume of 1,270,221. The business has a 50 day moving average price of $354.19 and a 200-day moving average price of $353.92. The stock has a market capitalization of $51.23 billion, a P/E ratio of 10.31, a PEG ratio of 0.43 and a beta of 1.11. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.34. Charter Communications has a fifty-two week low of $236.08 and a fifty-two week high of $415.27.

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 for the quarter, topping 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 firm earned $7.07 EPS. Sell-side analysts forecast that Charter Communications will post 38.16 earnings per share for the current fiscal 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.