Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Price Target at $384.42

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned a consensus recommendation of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $384.42.

Several equities research analysts have recently issued reports on CHTR shares. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Benchmark increased their target price on shares of Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research report on Tuesday, November 26th. Finally, Wolfe Research downgraded Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective for the company. in a research report on Monday, September 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Savant Capital LLC boosted its position in shares of Charter Communications by 1.7% during the 2nd quarter. Savant Capital LLC now owns 1,859 shares of the company’s stock valued at $556,000 after acquiring an additional 31 shares during the last quarter. US Bancorp DE raised its holdings in shares of Charter Communications by 0.4% during the third quarter. US Bancorp DE now owns 7,370 shares of the company’s stock valued at $2,388,000 after acquiring an additional 31 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of Charter Communications by 3.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 1,051 shares of the company’s stock valued at $314,000 after purchasing an additional 32 shares in the last quarter. Grove Bank & Trust lifted its stake in shares of Charter Communications by 39.1% in the 3rd quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after purchasing an additional 34 shares during the period. Finally, CVA Family Office LLC grew its position in shares of Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after buying an additional 35 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

CHTR stock opened at $348.65 on Wednesday. The company has a market capitalization of $49.58 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 0.60 and a beta of 1.08. The firm has a 50 day moving average of $372.00 and a two-hundred day moving average of $342.70. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 5.24. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The business had revenue of $13.80 billion for the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $8.25 EPS. As a group, equities analysts anticipate that Charter Communications will post 32.87 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.