Charter Communications (NASDAQ:CHTR) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Charter Communications (NASDAQ:CHTR) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other brokerages also recently weighed in on CHTR. UBS Group set a $425.00 price target on Charter Communications in a report on Thursday, January 29th. Citigroup cut their price objective on shares of Charter Communications from $325.00 to $310.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Charter Communications from $275.00 to $235.00 and set a “hold” rating for the company in a research note on Tuesday, February 3rd. The Goldman Sachs Group dropped their price target on shares of Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a research note on Monday, February 2nd. Finally, Benchmark increased their price target on shares of Charter Communications from $425.00 to $455.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Charter Communications currently has an average rating of “Hold” and a consensus target price of $335.67.

Charter Communications Stock Performance

NASDAQ CHTR opened at $237.01 on Monday. The firm has a market cap of $30.01 billion, a P/E ratio of 6.53, a P/E/G ratio of 0.38 and a beta of 1.05. Charter Communications has a 52-week low of $180.38 and a 52-week high of $437.06. The business’s 50-day moving average price is $209.62 and its 200 day moving average price is $233.07. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 4.65.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings data on Friday, January 30th. The company reported $10.34 earnings per share for the quarter, missing analysts’ consensus estimates of $10.40 by ($0.06). Charter Communications had a return on equity of 24.63% and a net margin of 9.10%.The company had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.73 billion. During the same period in the previous year, the business posted $10.10 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts expect that Charter Communications will post 38.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CHTR. Dodge & Cox lifted its position in shares of Charter Communications by 23.7% during the 4th quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after acquiring an additional 2,801,671 shares during the period. Vanguard Group Inc. increased its stake in Charter Communications by 9.5% in the 4th quarter. Vanguard Group Inc. now owns 10,248,287 shares of the company’s stock valued at $2,139,330,000 after purchasing an additional 885,935 shares in the last quarter. State Street Corp raised its holdings in Charter Communications by 22.7% during the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after purchasing an additional 1,475,383 shares during the last quarter. Capital Research Global Investors boosted its position in Charter Communications by 304.9% during the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock worth $1,005,222,000 after purchasing an additional 3,626,135 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after purchasing an additional 1,617,148 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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.