Charter Communications, Inc. (NASDAQ:CHTR) Given Average Rating of “Hold” by Brokerages

Charter Communications, Inc. (NASDAQ:CHTR) has received an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $226.8750.

Several research analysts have commented on CHTR shares. Barclays cut their price target on shares of Charter Communications from $130.00 to $115.00 and set an “underweight” rating for the company in a report on Monday, July 27th. Wells Fargo & Company lowered their price objective on Charter Communications from $160.00 to $101.00 and set an “underweight” rating on the stock in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $235.00 to $215.00 and set a “hold” rating for the company in a research note on Monday, April 27th. TD Cowen reduced their target price on Charter Communications from $413.00 to $380.00 and set a “buy” rating for the company in a research report on Monday, July 27th. Finally, Freedom Capital upgraded Charter Communications to a “hold” rating in a research note on Friday, June 12th.

Charter Communications Price Performance

CHTR stock opened at $150.17 on Monday. Charter Communications has a twelve month low of $111.55 and a twelve month high of $285.82. The firm has a market capitalization of $17.91 billion, a PE ratio of 3.90, a PEG ratio of 0.25 and a beta of 0.70. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32. The stock has a 50-day simple moving average of $139.34 and a two-hundred day simple moving average of $177.02.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings data on Friday, July 24th. The company reported $10.66 EPS for the quarter, beating analysts’ consensus estimates of $9.98 by $0.68. The company had revenue of $13.53 billion during the quarter, compared to analyst estimates of $13.51 billion. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. Charter Communications’s revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business earned $9.18 earnings per share. On average, equities analysts predict that Charter Communications will post 42.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other Charter Communications news, Director Thomas Rutledge sold 18,200 shares of Charter Communications stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $146.94, for a total transaction of $2,674,308.00. Following the completion of the sale, the director directly owned 3,968 shares in the company, valued at $583,057.92. The trade was a 82.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its stake in shares of Charter Communications by 3.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,028 shares of the company’s stock valued at $420,000 after acquiring an additional 38 shares in the last quarter. Occudo Quantitative Strategies LP boosted its stake in Charter Communications by 1.4% during the second quarter. Occudo Quantitative Strategies LP now owns 3,069 shares of the company’s stock worth $1,255,000 after acquiring an additional 41 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in Charter Communications by 1.7% during the second quarter. Orion Porfolio Solutions LLC now owns 2,417 shares of the company’s stock worth $988,000 after acquiring an additional 41 shares in the last quarter. Pure Financial Advisors LLC grew its holdings in Charter Communications by 4.1% in the fourth quarter. Pure Financial Advisors LLC now owns 1,116 shares of the company’s stock worth $233,000 after purchasing an additional 44 shares during the period. Finally, Integrated Wealth Concepts LLC raised its holdings in shares of Charter Communications by 3.6% during the third quarter. Integrated Wealth Concepts LLC now owns 1,426 shares of the company’s stock valued at $392,000 after purchasing an additional 49 shares during the period. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

About Charter Communications

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.