Charter Communications, Inc. (CHTR) Receives Average Rating of “Hold” from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have received a consensus recommendation of “Hold” from the twenty-five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $397.44.

A number of research analysts have commented on CHTR shares. Moffett Nathanson restated a “neutral” rating on shares of Charter Communications in a research note on Monday, October 16th. Pivotal Research restated a “buy” rating and issued a $420.00 price objective (up from $405.00) on shares of Charter Communications in a research note on Friday, October 27th. SunTrust Banks restated a “buy” rating and issued a $380.00 price objective on shares of Charter Communications in a research note on Friday, October 27th. Barclays dropped their price objective on shares of Charter Communications from $354.00 to $283.00 and set an “equal weight” rating on the stock in a research note on Friday, October 27th. Finally, Macquarie restated a “buy” rating on shares of Charter Communications in a research note on Sunday, October 29th.

Charter Communications (CHTR) opened at $357.88 on Tuesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 1.43. The company has a market cap of $83,340.00, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 2.94 and a beta of 1.15. Charter Communications has a one year low of $308.30 and a one year high of $408.83.

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

In other news, EVP Jonathan Hargis sold 27,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were 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 in the company, valued at $12,741,431.56. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.56% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Meritage Group LP boosted its holdings in Charter Communications by 3.4% during the third quarter. Meritage Group LP now owns 2,819,596 shares of the company’s stock worth $1,024,698,000 after buying an additional 92,620 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Charter Communications by 2.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,300,679 shares of the company’s stock worth $836,081,000 after buying an additional 51,758 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in Charter Communications by 315.1% during the third quarter. Ameriprise Financial Inc. now owns 1,384,725 shares of the company’s stock worth $503,237,000 after buying an additional 1,051,151 shares in the last quarter. Swiss National Bank boosted its holdings in Charter Communications by 1.1% during the third quarter. Swiss National Bank now owns 867,209 shares of the company’s stock worth $315,161,000 after buying an additional 9,600 shares in the last quarter. Finally, Brown Advisory Inc. boosted its holdings in Charter Communications by 30.0% during the fourth quarter. Brown Advisory Inc. now owns 770,692 shares of the company’s stock worth $258,920,000 after buying an additional 178,003 shares in the last quarter. 72.01% of the stock is currently owned by hedge funds and other institutional investors.

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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)

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