Charter Communications, Inc. (NASDAQ:CHTR) Receives $226.88 Average Target Price from Analysts

Charter Communications, Inc. (NASDAQ:CHTR) has earned an average rating of “Reduce” from the twenty-one research firms that are covering the company, Marketbeat reports. Six analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $216.5556.

CHTR has been the topic of several research reports. Wells Fargo & Company cut their target price on Charter Communications from $160.00 to $101.00 and set an “underweight” rating on the stock in a research note on Monday, July 27th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $150.00 price target on shares of Charter Communications in a research note on Monday, July 27th. Citigroup lowered their price objective on shares of Charter Communications from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Royal Bank Of Canada cut their price objective on shares of Charter Communications from $160.00 to $150.00 and set a “sector perform” rating on the stock in a research report on Monday, July 27th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Charter Communications from $200.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, July 29th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHTR. Thompson Siegel & Walmsley LLC increased its position in Charter Communications by 1,804.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company’s stock worth $21,403,000 after purchasing an additional 97,143 shares in the last quarter. Norges Bank bought a new position in Charter Communications in the 4th quarter valued at approximately $555,383,000. Swiss Life Asset Management Ltd boosted its position in Charter Communications by 110.7% in the fourth quarter. Swiss Life Asset Management Ltd now owns 31,239 shares of the company’s stock valued at $6,521,000 after buying an additional 16,415 shares in the last quarter. Polianta Ltd bought a new stake in shares of Charter Communications during the second quarter worth $1,777,000. Finally, BW Gestao de Investimentos Ltda. bought a new stake in shares of Charter Communications during the fourth quarter worth $3,131,000. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications Stock Performance

CHTR opened at $133.37 on Friday. The business’s 50-day moving average price is $143.88 and its two-hundred day moving average price is $165.56. Charter Communications has a 1 year low of $111.55 and a 1 year high of $285.82. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 3.46, a P/E/G ratio of 0.29 and a beta of 0.69. The company has a debt-to-equity ratio of 4.32, a current ratio of 0.36 and a quick ratio of 0.36.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, July 24th. The company reported $10.66 earnings per share for the quarter, topping the consensus estimate of $9.98 by $0.68. The company had revenue of $13.53 billion during the quarter, compared to analysts’ expectations of $13.51 billion. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%.Charter Communications’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.18 earnings per share. Equities analysts expect that Charter Communications will post 42.72 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company’s consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.