Charter Communications, Inc. (NASDAQ:CHTR) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been given an average recommendation of “Reduce” by the twenty-one research firms that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $310.8667.

CHTR has been the topic of several recent research reports. Barclays decreased their target price on shares of Charter Communications from $275.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, November 3rd. BNP Paribas Exane set a $160.00 price objective on Charter Communications in a research report on Tuesday. Citigroup dropped their target price on Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a report on Monday, November 3rd. Sanford C. Bernstein set a $220.00 price target on Charter Communications in a report on Wednesday. Finally, Royal Bank Of Canada lowered their price target on Charter Communications from $265.00 to $240.00 and set a “sector perform” rating for the company in a research report on Friday, January 16th.

Insider Activity at Charter Communications

In related news, Director David C. Merritt sold 1,200 shares of Charter Communications stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total transaction of $271,416.00. Following the completion of the transaction, the director directly owned 10,146 shares of the company’s stock, valued at approximately $2,294,822.28. The trade was a 10.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CHTR. Atlantic Union Bankshares Corp purchased a new stake in shares of Charter Communications in the second quarter worth approximately $25,000. Ameritas Advisory Services LLC bought a new position in Charter Communications in the 2nd quarter valued at $28,000. Webster Bank N. A. purchased a new stake in Charter Communications in the third quarter worth $28,000. Heritage Wealth Advisors bought a new stake in shares of Charter Communications during the second quarter worth $29,000. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of Charter Communications during the third quarter valued at $30,000. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Down 0.1%

Shares of CHTR opened at $182.81 on Thursday. The business’s 50 day simple moving average is $202.06 and its 200-day simple moving average is $245.50. Charter Communications has a 1 year low of $182.04 and a 1 year high of $437.06. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $23.66 billion, a price-to-earnings ratio of 5.07, a price-to-earnings-growth ratio of 0.51 and a beta of 1.06.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, October 31st. The company reported $8.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.66 by ($1.32). Charter Communications had a net margin of 9.29% and a return on equity of 25.55%. The business had revenue of $13.67 billion for the quarter, compared to analysts’ expectations of $13.76 billion. During the same period in the previous year, the company earned $8.82 EPS. Charter Communications’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts expect that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.