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

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received a consensus recommendation of “Hold” from the twenty analysts that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $384.42.

CHTR has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and set a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. Morgan Stanley increased their target price on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their target price on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. Pivotal Research increased their target price on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company increased their target price on shares of Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research report on Monday, November 4th.

Charter Communications Price Performance

NASDAQ CHTR opened at $360.27 on Thursday. The company has a debt-to-equity ratio of 4.73, a quick ratio of 0.34 and a current ratio of 0.31. The firm’s 50 day moving average price is $354.19 and its 200-day moving average price is $354.12. Charter Communications has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a market cap of $51.23 billion, a PE ratio of 10.31, a P/E/G ratio of 0.43 and a beta of 1.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.14 by $0.96. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. During the same quarter in the prior year, the firm earned $7.07 EPS. Sell-side analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CHTR. CWM LLC raised its holdings in shares of Charter Communications by 8.8% during the third quarter. CWM LLC now owns 1,751 shares of the company’s stock worth $567,000 after purchasing an additional 141 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in Charter Communications during the third quarter valued at $577,000. Grove Bank & Trust grew its position in Charter Communications by 39.1% during the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock valued at $39,000 after buying an additional 34 shares during the period. Creative Planning grew its position in Charter Communications by 1.5% during the third quarter. Creative Planning now owns 10,981 shares of the company’s stock valued at $3,559,000 after buying an additional 161 shares during the period. Finally, Swedbank AB grew its position in Charter Communications by 8.7% during the third quarter. Swedbank AB now owns 41,367 shares of the company’s stock valued at $13,406,000 after buying an additional 3,298 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

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.