Charter Communications, Inc. (NASDAQ:CHTR) Given Consensus Rating of "Hold" by Brokerages

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has been assigned an average rating of "Hold" from the twenty-one research firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $422.37.

CHTR has been the subject of a number of recent analyst reports. Arete Research raised Charter Communications to a "strong sell" rating in a research report on Tuesday, July 8th. Raymond James Financial raised Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Sanford C. Bernstein downgraded Charter Communications from an "outperform" rating to a "market perform" rating and set a $410.00 target price for the company. in a research report on Monday, June 2nd. Bank of America lifted their target price on Charter Communications from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Tuesday, July 1st. Finally, BNP Paribas reaffirmed an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a research report on Thursday, April 10th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. increased its holdings in shares of Charter Communications by 2,033.3% in the second quarter. Salem Investment Counselors Inc. now owns 64 shares of the company's stock valued at $26,000 after purchasing an additional 61 shares during the period. SouthState Corp acquired a new position in Charter Communications during the first quarter worth $25,000. ST Germain D J Co. Inc. grew its holdings in Charter Communications by 1,283.3% during the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after acquiring an additional 77 shares during the period. SBI Securities Co. Ltd. grew its holdings in Charter Communications by 93.2% during the first quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock worth $31,000 after acquiring an additional 41 shares during the period. Finally, Strengthening Families & Communities LLC acquired a new position in Charter Communications during the first quarter worth $33,000. Institutional investors and hedge funds own 81.76% of the company's stock.

Charter Communications Trading Down 1.0%

Shares of CHTR traded down $3.71 during midday trading on Friday, reaching $379.62. The company had a trading volume of 1,446,105 shares, compared to its average volume of 1,267,794. Charter Communications has a 1-year low of $304.76 and a 1-year high of $437.06. The stock has a market cap of $53.28 billion, a PE ratio of 10.60, a price-to-earnings-growth ratio of 0.43 and a beta of 1.08. The firm has a 50 day simple moving average of $401.45 and a 200-day simple moving average of $371.77. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to analyst estimates of $13.67 billion. Charter Communications had a return on equity of 27.70% and a net margin of 9.42%. The firm's revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted $7.55 earnings per share. Research analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.