Charter Communications, Inc. (NASDAQ:CHTR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received an average recommendation of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat.com reports. Four equities research 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 price target among brokers that have covered the stock in the last year is $384.42.

Several research analysts have recently issued reports on CHTR shares. Royal Bank of Canada raised their target price on shares of Charter Communications from $380.00 to $385.00 and gave the stock a “sector perform” rating in a report on Monday, February 3rd. Pivotal Research raised their price target on shares of Charter Communications from $435.00 to $525.00 and gave the stock a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. upped their price objective on shares of Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a research note on Monday, November 4th. KeyCorp upgraded shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 target price for the company in a report on Thursday, December 12th. Finally, BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 price target on the stock in a report on Tuesday, November 26th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHTR. Franklin Resources Inc. boosted its stake 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 acquiring an additional 148,003 shares in the last quarter. Norges Bank bought a new position in shares of Charter Communications during the fourth quarter valued at approximately $1,032,236,000. Geode Capital Management LLC lifted its holdings in shares of Charter Communications by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 2,477,276 shares of the company’s stock valued at $847,087,000 after purchasing an additional 45,045 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company’s stock worth $369,566,000 after purchasing an additional 609,554 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock worth $345,128,000 after buying an additional 230,817 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors.

Charter Communications Stock Performance

NASDAQ CHTR opened at $354.56 on Thursday. The company has a 50-day simple moving average of $356.87 and a two-hundred day simple moving average of $354.19. Charter Communications has a 12-month low of $236.08 and a 12-month high of $415.27. The firm has a market cap of $50.42 billion, a price-to-earnings ratio of 10.14, a PEG ratio of 0.43 and a beta of 1.11. The company has a quick ratio of 0.34, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

Charter Communications (NASDAQ:CHTR) last issued its earnings results 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 quarter in the previous year, the firm posted $7.07 earnings per share. On average, equities analysts forecast that Charter Communications will post 38.16 EPS for the current year.

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.