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

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has earned a consensus recommendation of "Hold" from the twenty analysts that are presently covering the firm, MarketBeat.com reports. Four 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 target price among analysts that have covered the stock in the last year is $384.42.

CHTR has been the subject of a number of research analyst reports. Benchmark reiterated a "buy" rating and set a $450.00 price objective on shares of Charter Communications in a report on Friday, January 31st. KeyCorp raised Charter Communications from a "sector weight" rating to an "overweight" rating and set a $500.00 price target on the stock in a research report on Thursday, December 12th. Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the company a "sector perform" rating in a report on Monday, February 3rd. BNP Paribas raised shares of Charter Communications from an "underperform" rating to a "neutral" rating and set a $360.00 price objective for the company in a research note on Tuesday, November 26th. Finally, Barclays raised their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an "underweight" rating in a research report on Monday, February 3rd.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Brown Brothers Harriman & Co. increased its position in shares of Charter Communications by 37.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after purchasing an additional 29 shares during the last quarter. Chemistry Wealth Management LLC raised its stake in shares of Charter Communications by 4.8% in the 4th quarter. Chemistry Wealth Management LLC now owns 660 shares of the company's stock valued at $226,000 after acquiring an additional 30 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Charter Communications by 3.4% in the 4th quarter. Jones Financial Companies Lllp now owns 904 shares of the company's stock worth $310,000 after acquiring an additional 30 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Charter Communications by 4.2% in the 4th quarter. Quadrant Capital Group LLC now owns 740 shares of the company's stock worth $254,000 after acquiring an additional 30 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Charter Communications by 5.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 622 shares of the company's stock worth $213,000 after purchasing an additional 34 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

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Charter Communications Price Performance

Shares of NASDAQ CHTR traded down $4.35 during mid-day trading on Monday, hitting $345.40. 1,172,663 shares of the company's stock traded hands, compared to its average volume of 1,190,167. The company's 50-day moving average is $355.81 and its two-hundred day moving average is $354.86. The company has a market capitalization of $49.11 billion, a P/E ratio of 9.88, a PEG ratio of 0.44 and a beta of 1.13. The company has a debt-to-equity ratio of 4.73, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications has a 1 year low of $236.08 and a 1 year high of $415.27.

Charter Communications (NASDAQ:CHTR - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $10.10 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted $7.07 EPS. On average, equities analysts anticipate that Charter Communications will post 38.16 EPS 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.