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

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has received a consensus recommendation of "Hold" from the twenty ratings firms that are covering the stock, Marketbeat.com reports. Four investment 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 target price among brokerages that have issued a report on the stock in the last year is $383.89.

Several analysts have weighed in on CHTR shares. Bank of America raised shares of Charter Communications from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $385.00 to $450.00 in a research note on Monday, November 4th. Benchmark increased their price target on Charter Communications from $440.00 to $450.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Wells Fargo & Company lifted their price objective on Charter Communications from $350.00 to $400.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their target price on Charter Communications from $385.00 to $400.00 and gave the stock a "neutral" rating in a report on Monday, November 4th. Finally, Royal Bank of Canada cut their price target on Charter Communications from $390.00 to $380.00 and set a "sector perform" rating for the company in a report on Wednesday.

Institutional Trading of Charter Communications

A number of large investors have recently made changes to their positions in the company. Lind Value II ApS acquired a new position in Charter Communications in the fourth quarter valued at about $9,743,000. Oddo BHF Asset Management Sas acquired a new position in shares of Charter Communications in the 3rd quarter valued at approximately $1,345,000. Worldquant Millennium Advisors LLC raised its holdings in Charter Communications by 193.8% during the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company's stock worth $12,993,000 after buying an additional 26,446 shares during the period. Franklin Resources Inc. lifted its stake in Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company's stock valued at $1,052,868,000 after buying an additional 148,003 shares in the last quarter. Finally, Cornerstone Capital Inc. boosted its holdings in shares of Charter Communications by 40.7% in the third quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company's stock valued at $12,270,000 after buying an additional 10,950 shares during the period. Institutional investors own 81.76% of the company's stock.

Charter Communications Price Performance

Shares of CHTR stock traded up $4.69 during trading hours on Friday, hitting $351.37. The company had a trading volume of 1,206,935 shares, compared to its average volume of 792,897. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The firm's fifty day moving average is $370.33 and its 200 day moving average is $349.42. The firm has a market capitalization of $49.96 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.48 and a beta of 1.10.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. During the same period in the prior year, the company posted $8.25 earnings per share. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. On average, sell-side analysts predict that Charter Communications will post 34.46 EPS for the current fiscal year.

Charter Communications Company Profile

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.