Charter Communications Inc (NASDAQ:CHTR) has earned an average recommendation of “Buy” from the twenty-three ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $359.87.

A number of equities analysts recently issued reports on CHTR shares. Barclays set a $259.00 price objective on Charter Communications and gave the company a “sell” rating in a report on Wednesday, October 10th. Buckingham Research dropped their price objective on Charter Communications from $418.00 to $383.00 and set a “buy” rating for the company in a report on Monday, October 29th. Macquarie restated a “buy” rating and set a $355.00 price objective on shares of Charter Communications in a report on Wednesday, September 12th. BidaskClub upgraded Charter Communications from a “hold” rating to a “buy” rating in a report on Wednesday, October 17th. Finally, Citigroup dropped their price objective on Charter Communications from $375.00 to $370.00 and set a “buy” rating for the company in a report on Thursday, November 1st.

CHTR opened at $315.70 on Monday. Charter Communications has a 52-week low of $250.10 and a 52-week high of $396.64. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market cap of $72.27 billion, a P/E ratio of 119.13, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, October 26th. The company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $1.06. Charter Communications had a return on equity of 2.39% and a net margin of 24.39%. The company had revenue of $10.89 billion during the quarter, compared to analysts’ expectations of $10.93 billion. During the same quarter in the previous year, the business earned $0.19 EPS. Charter Communications’s revenue was up 4.1% compared to the same quarter last year. As a group, research analysts forecast that Charter Communications will post 5.58 earnings per share for the current fiscal year.

In other Charter Communications news, insider John Bickham sold 144,672 shares of the company’s stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $322.71, for a total value of $46,687,101.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.83% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rehmann Capital Advisory Group lifted its stake in shares of Charter Communications by 6.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,067 shares of the company’s stock worth $348,000 after purchasing an additional 66 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Charter Communications during the 3rd quarter worth $104,551,000. Marshall Wace LLP purchased a new stake in shares of Charter Communications during the 3rd quarter worth $72,650,000. Belpointe Asset Management LLC purchased a new stake in shares of Charter Communications during the 3rd quarter worth $1,140,000. Finally, Morgan Stanley lifted its stake in shares of Charter Communications by 1.1% during the 3rd quarter. Morgan Stanley now owns 955,767 shares of the company’s stock worth $311,467,000 after purchasing an additional 9,976 shares during the last quarter. Hedge funds and other institutional investors own 71.97% of the company’s stock.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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