Charter Communications, Inc. (NASDAQ:CHTR) Receives $384.42 Average Target Price from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received a consensus recommendation of “Hold” from the twenty research firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $384.42.

Several research firms recently weighed in on CHTR. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective for the company in a research report on Thursday, December 12th. BNP Paribas raised shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price objective on the stock in a research note on Tuesday, November 26th. Barclays upped their target price on shares of Charter Communications from $315.00 to $320.00 and gave the company an “underweight” rating in a research report on Monday, February 3rd. Benchmark reissued a “buy” rating and issued a $450.00 price target on shares of Charter Communications in a research note on Friday, January 31st. Finally, Royal Bank of Canada lifted their price objective on Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a research note on Monday, February 3rd.

Charter Communications Stock Down 1.7 %

Shares of Charter Communications stock opened at $349.75 on Monday. The stock has a market capitalization of $49.73 billion, a P/E ratio of 10.00, a PEG ratio of 0.44 and a beta of 1.13. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a 50 day moving average price of $355.81 and a two-hundred day moving average price of $354.86. Charter Communications has a 12-month low of $236.08 and a 12-month high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, February 7th. The company reported $10.10 earnings per share for the quarter, beating the consensus estimate of $9.14 by $0.96. Charter Communications had a return on equity of 29.01% and a net margin of 9.23%. During the same period in the previous year, the business earned $7.07 earnings per share. Equities analysts expect that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Trading of Charter Communications

Hedge funds have recently modified their holdings of the company. Franklin Resources Inc. raised its holdings in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after buying an additional 148,003 shares during the last quarter. Norges Bank purchased a new position in Charter Communications in the 4th quarter worth $1,032,236,000. Geode Capital Management LLC raised its stake in Charter Communications by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock worth $847,087,000 after acquiring an additional 45,045 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after acquiring an additional 1,126,783 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock valued at $369,566,000 after purchasing an additional 609,554 shares during the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.