Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) PT at $399.35

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has earned a consensus recommendation of "Hold" from the eighteen ratings firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $399.35.

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a report on Monday. Loop Capital upped their price objective on Charter Communications from $385.00 to $430.00 and gave the company a "hold" rating in a research report on Monday. Morgan Stanley raised their target price on Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Monday. Benchmark reaffirmed a "buy" rating and set a $450.00 price target on shares of Charter Communications in a research report on Friday, January 31st. Finally, StockNews.com raised shares of Charter Communications from a "hold" rating to a "buy" rating in a report on Thursday.

Charter Communications Stock Down 2.3 %

CHTR stock traded down $8.86 during midday trading on Tuesday, hitting $383.00. The company's stock had a trading volume of 1,442,758 shares, compared to its average volume of 1,253,302. The firm's 50-day moving average is $356.75 and its 200-day moving average is $359.62. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. Charter Communications has a 12 month low of $260.03 and a 12 month high of $415.27. The company has a market cap of $54.37 billion, a PE ratio of 10.96, a P/E/G ratio of 0.44 and a beta of 1.13.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). The business had revenue of $13.74 billion for the quarter, compared to analysts' expectations of $13.67 billion. Charter Communications had a net margin of 9.23% and a return on equity of 29.01%. The company's quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $7.55 earnings per share. On average, equities research analysts forecast that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

Several hedge funds have recently modified their holdings of CHTR. Avior Wealth Management LLC increased its holdings in Charter Communications by 104.7% in the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock valued at $30,000 after acquiring an additional 45 shares during the last quarter. ST Germain D J Co. Inc. lifted its position in shares of Charter Communications by 1,283.3% in the first quarter. ST Germain D J Co. Inc. now owns 83 shares of the company's stock worth $31,000 after buying an additional 77 shares in the last quarter. Sierra Ocean LLC bought a new position in Charter Communications during the fourth quarter valued at approximately $32,000. Generali Asset Management SPA SGR purchased a new position in Charter Communications during the 4th quarter valued at approximately $36,000. Finally, Brown Brothers Harriman & Co. increased its stake in Charter Communications by 37.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 106 shares of the company's stock worth $36,000 after acquiring an additional 29 shares during the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

About Charter Communications

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.