Charter Communications, Inc. (NASDAQ:CHTR) Receives $378.47 Consensus PT from Analysts

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has received an average rating of "Hold" from the eighteen analysts that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $379.06.

A number of analysts have commented on the stock. TD Cowen increased their price objective on shares of Charter Communications from $488.00 to $525.00 and gave the company a "buy" rating in a report on Monday, July 29th. Barclays boosted their price target on shares of Charter Communications from $300.00 to $315.00 and gave the stock an "underweight" rating in a research note on Monday. Royal Bank of Canada lifted their target price on Charter Communications from $345.00 to $390.00 and gave the company a "sector perform" rating in a report on Monday. Benchmark upped their price target on Charter Communications from $440.00 to $450.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Pivotal Research lifted their price objective on Charter Communications from $435.00 to $525.00 and gave the company a "buy" rating in a research note on Monday.

Charter Communications Price Performance

NASDAQ CHTR traded up $6.55 during trading hours on Tuesday, reaching $382.38. The company's stock had a trading volume of 1,574,294 shares, compared to its average volume of 1,381,467. The firm has a market capitalization of $54.58 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 0.66 and a beta of 1.03. The company's 50-day moving average is $333.47 and its two-hundred day moving average is $313.19. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.39. Charter Communications has a 1-year low of $236.08 and a 1-year high of $422.92.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share for the quarter, topping the consensus estimate of $8.55 by $0.27. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The firm had revenue of $13.80 billion during the quarter, compared to the consensus estimate of $13.66 billion. During the same quarter in the prior year, the firm earned $8.25 EPS. The company's revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts predict that Charter Communications will post 32.51 EPS for the current year.

Institutional Investors Weigh In On Charter Communications

Large investors have recently modified their holdings of the company. Reston Wealth Management LLC purchased a new stake in Charter Communications during the 3rd quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new position in Charter Communications during the third quarter worth about $28,000. CVA Family Office LLC lifted its position in Charter Communications by 5,500.0% in the second quarter. CVA Family Office LLC now owns 112 shares of the company's stock valued at $33,000 after purchasing an additional 110 shares during the period. New Covenant Trust Company N.A. purchased a new stake in Charter Communications in the 1st quarter valued at approximately $34,000. Finally, Grove Bank & Trust increased its position in Charter Communications by 39.1% during the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company's stock worth $39,000 after purchasing an additional 34 shares during the period. 81.76% of the stock is owned by institutional investors and hedge funds.

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.