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

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given a consensus recommendation of “Hold” by the twenty-four research firms that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given 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 $381.31.

A number of analysts recently weighed in on the company. Zacks Investment Research downgraded Charter Communications from a “hold” rating to a “sell” rating in a research report on Thursday. Moffett Nathanson raised Charter Communications from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $359.00 price target (up from $340.00) on shares of Charter Communications in a research note on Thursday, January 4th. Guggenheim raised Charter Communications from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, BidaskClub raised Charter Communications from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 27th.

In other Charter Communications news, CFO Christopher L. Winfrey bought 3,100 shares of Charter Communications stock in a transaction dated Monday, October 30th. The shares were purchased at an average cost of $323.61 per share, with a total value of $1,003,191.00. Following the completion of the purchase, the chief financial officer now owns 49,916 shares of the company’s stock, valued at $16,153,316.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.56% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of CHTR. Huntington National Bank bought a new stake in shares of Charter Communications during the third quarter valued at approximately $128,000. CLS Investments LLC boosted its position in shares of Charter Communications by 4,733.3% during the third quarter. CLS Investments LLC now owns 435 shares of the company’s stock valued at $158,000 after purchasing an additional 426 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Charter Communications during the third quarter valued at approximately $180,000. Quadrant Capital Group LLC boosted its position in shares of Charter Communications by 5.9% during the second quarter. Quadrant Capital Group LLC now owns 681 shares of the company’s stock valued at $194,000 after purchasing an additional 38 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of Charter Communications during the third quarter valued at approximately $209,000. 72.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Charter Communications (NASDAQ:CHTR) opened at $365.25 on Friday. The firm has a market capitalization of $88,960.00, a P/E ratio of 198.51, a P/E/G ratio of 2.53 and a beta of 1.06. Charter Communications has a 12-month low of $301.28 and a 12-month high of $408.83. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.40 and a quick ratio of 0.40.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, October 26th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.77). The firm had revenue of $10.46 billion during the quarter, compared to the consensus estimate of $10.49 billion. Charter Communications had a return on equity of 0.91% and a net margin of 1.93%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. analysts expect that Charter Communications will post 2.22 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This article was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2018/01/19/charter-communications-inc-chtr-receives-consensus-recommendation-of-hold-from-brokerages.html.

Charter Communications Company Profile

Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply