Charter Communications (CHTR) – Investment Analysts’ Weekly Ratings Updates

Charter Communications (NASDAQ: CHTR) recently received a number of ratings updates from brokerages and research firms:

  • 2/7/2018 – Charter Communications had its price target raised by analysts at Royal Bank of Canada to $420.00. They now have an “outperform” rating on the stock.
  • 2/7/2018 – Charter Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “We remain worried about Charter's operation in a saturated and competitive multi-channel U.S. video market. The company continues to face stiff competition from online TV streaming service providers. We view the company's high debt level and consolidation-related woes as potential hazards. However, the company reported better-than-expected earnings per share and revenues in the fourth-quarter 2017. Additionally, both metrics improved on a year-over-year basis. Despite cord-cutting, the company reported a net gain of 15,000 video, 300,000 Internet and 53,000 voice customers in the reported quarter, respectively. The company’s wireless venture, with plans to launch its wireless services in 2018, look impressive. The company further plans to execute field trials for 5G wireless network. The stock price grew 9.4% in the past three months, outperforming its industry's 6.3% growth.”
  • 2/7/2018 – Charter Communications had its “buy” rating reaffirmed by analysts at Citigroup Inc. They now have a $436.00 price target on the stock, down previously from $453.00.
  • 2/5/2018 – Charter Communications had its price target raised by analysts at SunTrust Banks, Inc. to $440.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – Charter Communications had its “buy” rating reaffirmed by analysts at Pivotal Research. They now have a $500.00 price target on the stock, up previously from $420.00. They wrote, “We don’t view the CHTR investment thesis as rocket science, we see massive operational/synergistic upside that will overwhelm slowing PayTV/competitive market concerns. It is also very important to understand (as highlighted by the $13B in share repurchase activity in ‘17) that CHTR is effectively a public LBO that we estimate, at current share price levels, is able to retire all of the float (ex Liberty and Newhouse) by ’22 or 70+% of the total FD share count by maintaining leverage at ~4.5X and using excess cash flow to retire stock. This should act as a continual wind at the back of CHTR shares over a multi-year period. In addition, recall that Rutledge is very well incented to drive CHTR shares to the ~$600 level.””
  • 2/5/2018 – Charter Communications was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $460.00 price target on the stock, up previously from $387.50.
  • 2/5/2018 – Charter Communications had its price target raised by analysts at Barclays PLC from $283.00 to $300.00. They now have an “underweight” rating on the stock.
  • 2/2/2018 – Charter Communications was upgraded by analysts at TheStreet from a “c” rating to a “b+” rating.
  • 1/31/2018 – Charter Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “We remain concerned about Charter's operation in a saturated and competitive multi-channel U.S. video market. Charter continues to lose video customers due to cord-cutting. We view the high debt level as a potential hazard. Over the past six months, the stock price declined 2.8% as against the industry’s loss of 1.6%. On the flip side, we appreciate Charter plans to launch its wireless services in 2018. The wireless venture is aimed at retaining customers in this competitive world. The company further plans to execute field trials for 5G wireless network. Charter and Altice USA have reached an agreement to broadcast their respective regional cable news networks. Charter and Viacom announced a multi-year renewal and expansion of their distribution relationship for the co-production of original content and collaboration around advanced advertising. Charter settled a pending year-long content licensing dispute with Univision.”
  • 1/18/2018 – Charter Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “We remain concerned about the company’s operation in a saturated and competitive multi-channel U.S. video market. Charter continues to lose video customers due to cord-cutting. We view the high debt level as a potential hazard. Over the past three months, the stock price grew 1.7% but failed to beat the industry’s gain of 5.8%. On the flip side, Charter plans to launch its wireless services in 2018. The wireless venture is aimed at retaining customers in this competitive world. The company further plans to execute field trials for 5G wireless network. Charter and Altice USA have reached an agreement to broadcast their respective regional cable news networks. Charter and Viacom announced a multi-year renewal and expansion of their distribution relationship for the co-production of original content and collaboration around advanced advertising. Charter settled a pending year-long content licensing dispute with Univision Communications.”
  • 1/8/2018 – Charter Communications was upgraded by analysts at Moffett Nathanson from a “neutral” rating to a “buy” rating.
  • 1/4/2018 – Charter Communications had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $359.00 price target on the stock, up previously from $340.00.
  • 1/3/2018 – Charter Communications was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating.
  • 12/27/2017 – Charter Communications was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 12/26/2017 – Charter Communications was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Over the past three months, share price of Charter declined 6.8% as against the industry's loss of 1.1%. Moreover, Charter continues to lose video customers due to cord-cutting. We are also concerned about the company’s operation in a saturated and competitive multi-channel U.S. video market. Meanwhile, we view the high debt levels as a hazard. On the flip side, we appreciate Charter's plans to execute field trials for 5G wireless network and plans to launch its wireless services in 2018. The wireless venture is aimed at retaining customers in this competitive world. Charter and Altice USA have reportedly reached an agreement to broadcast their respective regional cable news networks. Charter and Viacom announced a multi-year renewal and expansion of their distribution relationship for the co-production of original content and collaboration around advanced advertising.”

Charter Communications, Inc. (NASDAQ CHTR) opened at $351.50 on Monday. Charter Communications, Inc. has a 52 week low of $308.30 and a 52 week high of $408.83. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $83,341.15, a P/E ratio of 9.81, a P/E/G ratio of 2.94 and a beta of 1.14.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.01. Charter Communications had a return on equity of 1.11% and a net margin of 23.80%. The business had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business earned $1.67 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. analysts anticipate that Charter Communications, Inc. will post 4.55 earnings per share for the current year.

In related news, EVP Jonathan Hargis sold 27,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $364.76, for a total transaction of $9,848,520.00. Following the transaction, the executive vice president now directly owns 34,931 shares of the company’s stock, valued at approximately $12,741,431.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.56% of the stock is currently owned by corporate insiders.

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.

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

Leave a Reply