Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) Price Target at $335.11

Charter Communications, Inc. (NASDAQ:CHTR) has received a consensus recommendation of “Hold” from the twenty-two brokerages that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $335.1111.

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price objective on Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a research report on Tuesday, February 3rd. Wells Fargo & Company increased their price target on shares of Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Williams Trading set a $437.00 price objective on shares of Charter Communications in a report on Monday, February 2nd. Sanford C. Bernstein set a $220.00 target price on shares of Charter Communications in a research report on Wednesday, January 28th. Finally, Benchmark lifted their price target on shares of Charter Communications from $425.00 to $455.00 and gave the company a “buy” rating in a research report on Thursday, January 29th.

Institutional Trading of Charter Communications

Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its position in shares of Charter Communications by 3.8% in the second quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after buying an additional 38 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in Charter Communications by 1.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock valued at $988,000 after acquiring an additional 41 shares during the last quarter. Occudo Quantitative Strategies LP increased its holdings in Charter Communications by 1.4% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock valued at $1,255,000 after acquiring an additional 41 shares in the last quarter. Pure Financial Advisors LLC raised its position in Charter Communications by 4.1% during the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after acquiring an additional 44 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings in shares of Charter Communications by 3.6% in the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after purchasing an additional 49 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Price Performance

Shares of CHTR opened at $218.51 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. The stock’s 50 day moving average is $218.58 and its two-hundred day moving average is $225.85. Charter Communications has a twelve month low of $180.38 and a twelve month high of $437.06. The firm has a market capitalization of $27.67 billion, a PE ratio of 6.02, a P/E/G ratio of 0.34 and a beta of 1.02.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, January 30th. The company reported $10.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). The business had revenue of $13.60 billion for the quarter, compared to analysts’ expectations of $13.73 billion. Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $10.10 earnings per share. Research analysts anticipate that Charter Communications will post 38.16 earnings per share for the current year.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.