Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) Target Price at $393.18

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received a consensus rating of “Hold” from the eighteen analysts that are currently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $393.18.

Several research firms recently weighed in on CHTR. Barclays boosted their target price on Charter Communications from $315.00 to $320.00 and gave the stock an “underweight” rating in a research note on Monday, February 3rd. Benchmark restated a “buy” rating and issued a $450.00 target price on shares of Charter Communications in a report on Friday, January 31st. Citigroup started coverage on shares of Charter Communications in a research note on Friday, March 14th. They set a “buy” rating and a $425.00 price target on the stock. StockNews.com downgraded shares of Charter Communications from a “buy” rating to a “hold” rating in a research note on Friday. Finally, KeyCorp upgraded Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price on the stock in a research report on Thursday, December 12th.

Institutional Trading of Charter Communications

Several hedge funds have recently modified their holdings of CHTR. Franklin Resources Inc. grew its position in Charter Communications by 4.9% during 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 period. Norges Bank purchased a new position in Charter Communications in the 4th quarter valued at approximately $1,032,236,000. Geode Capital Management LLC raised its holdings in Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock worth $847,087,000 after purchasing an additional 45,045 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Charter Communications by 822.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company’s stock worth $433,167,000 after purchasing an additional 1,126,783 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Charter Communications by 130.1% in the fourth 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 institutional investors and hedge funds.

Charter Communications Stock Down 8.2 %

Charter Communications stock opened at $338.29 on Friday. The firm has a market capitalization of $48.02 billion, a P/E ratio of 9.68, a P/E/G ratio of 0.44 and a beta of 1.12. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications has a twelve month low of $236.08 and a twelve month high of $415.27. The stock’s fifty day simple moving average is $360.56 and its 200-day simple moving average is $357.75.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results 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 return on equity of 29.01% and a net margin of 9.23%. During the same period last year, the company posted $7.07 EPS. As a group, equities analysts expect that Charter Communications will post 38.16 earnings per share 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.