Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) PT at $383.89

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received an average recommendation of “Hold” from the twenty research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $383.89.

Several equities research analysts recently issued reports on the stock. Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 target price for the company. in a research note on Monday, September 30th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their target price for the company from $385.00 to $450.00 in a research note on Monday, November 4th. Wells Fargo & Company raised 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 note on Monday, November 4th. Morgan Stanley increased their price target on shares of Charter Communications from $360.00 to $415.00 and gave the company an “equal weight” rating in a report on Monday, November 4th. Finally, Pivotal Research increased their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a report on Monday, November 4th.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $367.58 on Friday. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a 50 day moving average price of $366.41 and a 200 day moving average price of $351.07. The stock has a market capitalization of $52.27 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 0.46 and a beta of 1.10. Charter Communications has a 52 week low of $236.08 and a 52 week high of $415.27.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, beating analysts’ consensus estimates of $8.55 by $0.27. The firm had revenue of $13.80 billion during the quarter, compared to analysts’ expectations of $13.66 billion. Charter Communications had a net margin of 8.52% and a return on equity of 28.73%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $8.25 earnings per share. Analysts predict that Charter Communications will post 34.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new stake in Charter Communications in the third quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in Charter Communications in the third quarter valued at approximately $28,000. Avior Wealth Management LLC boosted its position in Charter Communications by 104.7% in the fourth quarter. Avior Wealth Management LLC now owns 88 shares of the company’s stock valued at $30,000 after buying an additional 45 shares in the last quarter. Grove Bank & Trust boosted its position in Charter Communications by 39.1% in 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 in the last quarter. Finally, CVA Family Office LLC boosted its position in Charter Communications by 31.3% in the third quarter. CVA Family Office LLC now owns 147 shares of the company’s stock valued at $48,000 after buying an additional 35 shares in the last quarter. 81.76% of the stock is owned by institutional investors.

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.