Charter Communications, Inc. (NASDAQ:CHTR) Receives Consensus Rating of "Hold" from Analysts

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

A number of equities research analysts recently commented on CHTR shares. Wells Fargo & Company raised their price objective on shares of Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th. Wolfe Research raised shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday. Citigroup raised their target price on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research report on Monday, April 28th. Wall Street Zen raised shares of Charter Communications from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley raised their target price on shares of Charter Communications from $385.00 to $415.00 and gave the company an "equal weight" rating in a research report on Monday, April 28th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. SouthState Corp acquired a new position in Charter Communications in the 1st quarter valued at about $25,000. ST Germain D J Co. Inc. grew its stake in Charter Communications by 1,283.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock valued at $31,000 after buying an additional 77 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in Charter Communications by 93.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 85 shares of the company's stock valued at $31,000 after buying an additional 41 shares during the last quarter. Sierra Ocean LLC acquired a new position in Charter Communications in the 4th quarter valued at about $32,000. Finally, Strengthening Families & Communities LLC acquired a new position in Charter Communications in the 1st quarter valued at about $33,000. Institutional investors own 81.76% of the company's stock.

Charter Communications Stock Up 2.4%

Shares of NASDAQ:CHTR traded up $8.94 during midday trading on Wednesday, reaching $386.37. 1,981,303 shares of the company were exchanged, compared to its average volume of 1,284,049. Charter Communications has a fifty-two week low of $282.18 and a fifty-two week high of $437.06. 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 stock has a fifty day simple moving average of $386.49 and a two-hundred day simple moving average of $367.62. The firm has a market cap of $54.23 billion, a PE ratio of 10.78, a P/E/G ratio of 0.42 and a beta of 1.07.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The company reported $8.42 EPS 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 company 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 earned $7.55 earnings per share. The company's revenue was up .4% on a year-over-year basis. As a group, sell-side analysts forecast 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.