Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) Price Target at $409.42

Shares of Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) have earned an average rating of "Hold" from the twenty-one research firms that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $410.20.

A number of analysts have weighed in on CHTR shares. Loop Capital upgraded Charter Communications from a "hold" rating to a "buy" rating and increased their price target for the stock from $430.00 to $510.00 in a report on Monday, May 19th. UBS Group raised their target price on Charter Communications from $400.00 to $425.00 and gave the company a "neutral" rating in a research note on Wednesday. Wells Fargo & Company raised their target price on Charter Communications from $380.00 to $400.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th. BNP Paribas restated an "underperform" rating and issued a $290.00 target price on shares of Charter Communications in a research note on Thursday, April 10th. Finally, Morgan Stanley raised their target price on Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research note on Monday, April 28th.

Hedge Funds Weigh In On Charter Communications

Several hedge funds have recently modified their holdings of CHTR. Norges Bank bought a new position in shares of Charter Communications during the 4th quarter worth approximately $1,032,236,000. Price T Rowe Associates Inc. MD increased its stake in shares of Charter Communications by 822.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after purchasing an additional 1,126,783 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Charter Communications by 43,296.0% during the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock worth $316,176,000 after purchasing an additional 855,961 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Charter Communications by 53.6% during the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock worth $851,331,000 after purchasing an additional 806,145 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Charter Communications by 130.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after purchasing an additional 609,554 shares during the last quarter. Institutional investors own 81.76% of the company's stock.

Charter Communications Trading Up 1.0%

Charter Communications stock traded up $3.81 during trading hours on Wednesday, reaching $377.43. 907,769 shares of the company's stock were exchanged, compared to its average volume of 1,283,133. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.54. The firm's 50 day simple moving average is $384.62 and its 200 day simple moving average is $368.05. Charter Communications has a twelve month low of $277.10 and a twelve month high of $437.06. The firm has a market capitalization of $52.98 billion, a PE ratio of 10.53, a PEG ratio of 0.41 and a beta of 1.07.

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