Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Target Price at $378.47

Charter Communications, Inc. (NASDAQ:CHTR) has received an average recommendation of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $379.06.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Charter Communications from $385.00 to $400.00 and gave the stock a “neutral” rating in a report on Monday. Royal Bank of Canada raised their price objective on shares of Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a report on Monday. Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the stock an “equal weight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft upped their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price for the company in a research report on Wednesday, September 11th.

Institutional Investors Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norden Group LLC bought a new position in Charter Communications during the 1st quarter worth $828,000. Private Advisor Group LLC boosted its holdings in Charter Communications by 31.2% in the first quarter. Private Advisor Group LLC now owns 6,301 shares of the company’s stock valued at $1,831,000 after acquiring an additional 1,500 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Charter Communications by 23.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,614 shares of the company’s stock valued at $2,213,000 after purchasing an additional 1,437 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in Charter Communications by 9.1% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,403 shares of the company’s stock worth $698,000 after purchasing an additional 200 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Charter Communications in the 1st quarter worth approximately $90,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Charter Communications stock opened at $393.04 on Tuesday. The stock has a market cap of $56.10 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 0.68 and a beta of 1.03. Charter Communications has a 12-month low of $236.08 and a 12-month high of $421.16. The company has a quick ratio of 0.39, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. The business’s 50-day simple moving average is $334.95 and its 200 day simple moving average is $314.67.

Charter Communications (NASDAQ:CHTR) last issued its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating 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 company had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. During the same quarter in the previous year, the company posted $8.25 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, research analysts anticipate that Charter Communications will post 32.49 earnings per share for the current 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.