Charter Communications, Inc. (CHTR) – What Are Brokerages Saying About This Stock?

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned a consensus recommendation of “Reduce” from the twenty-two ratings firms that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $202.53.

Several equities research analysts have recently issued reports on the stock. Benchmark reiterated a “buy” rating on shares of Charter Communications in a research report on Wednesday, July 22nd. Citigroup lowered their target price 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. Bank of America restated a “buy” rating on shares of Charter Communications in a research report on Monday, July 27th. UBS Group cut their target price on shares of Charter Communications from $235.00 to $140.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Finally, The Goldman Sachs Group cut their target price on shares of Charter Communications from $120.00 to $110.00 and set a “sell” rating for the company in a research note on Friday, September 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CHTR. State of Michigan Retirement System lifted its position in shares of Charter Communications by 1,547.4% in the first quarter. State of Michigan Retirement System now owns 431,582 shares of the company’s stock worth $93,170,000 after buying an additional 405,385 shares in the last quarter. Tidal Investments LLC boosted its stake in Charter Communications by 737.5% during the second quarter. Tidal Investments LLC now owns 241,503 shares of the company’s stock valued at $34,344,000 after buying an additional 212,668 shares during the last quarter. Nykredit A S bought a new position in Charter Communications during the second quarter valued at approximately $23,610,000. Bank of America Corp DE boosted its stake in Charter Communications by 28.4% during the first quarter. Bank of America Corp DE now owns 731,708 shares of the company’s stock valued at $157,961,000 after buying an additional 161,888 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Charter Communications during the 1st quarter valued at approximately $33,230,000. Institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $103.38 on Tuesday. The stock has a 50-day moving average price of $137.48 and a 200 day moving average price of $153.74. The stock has a market capitalization of $12.33 billion, a P/E ratio of 2.68, a P/E/G ratio of 0.22 and a beta of 0.70. Charter Communications has a 12-month low of $102.37 and a 12-month high of $269.67. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32.

Charter Communications (NASDAQ:CHTR) last posted its quarterly earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts’ consensus estimates of $9.98 by $0.68. Charter Communications had a return on equity of 23.71% and a net margin of 9.05%. The company had revenue of $13.53 billion for the quarter, compared to analysts’ expectations of $13.51 billion. During the same period in the previous year, the firm earned $9.18 EPS. The firm’s revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that Charter Communications will post 42.92 EPS for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc is a telecommunications and media company that provides broadband connectivity and related communications services in the United States. Its consumer-facing operations are marketed primarily under the Spectrum brand and include high-speed internet, video entertainment, mobile wireless service and voice communications.

Charter also serves businesses and public-sector organizations with internet access, data networking, telephone, video and managed communications solutions.