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

Key Points

• Charter Communications has been assigned a consensus rating of "Hold" by analysts, with four sell recommendations, nine holds, and eight buys among the twenty-one rating firms covering the stock.
• Recent target price adjustments include a downgrading from $425.00 to $355.00 by UBS Group, and a new buy rating with a target price of $325.00 issued by Citigroup.
• In its last earnings report, Charter reported $9.18 earnings per share, falling short of analysts' expectations of $10.06, while revenue increased by 0.6% year-over-year to $13.77 billion.

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 covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $373.7059.

A number of analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Charter Communications in a report on Monday, October 6th. They issued a "buy" rating and a $325.00 target price on the stock. UBS Group reduced their target price on shares of Charter Communications from $425.00 to $355.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Wells Fargo & Company assumed coverage on shares of Charter Communications in a report on Thursday, August 21st. They issued an "equal weight" rating and a $300.00 target price on the stock. The Goldman Sachs Group assumed coverage on shares of Charter Communications in a report on Tuesday, September 2nd. They set a "sell" rating and a $223.00 price target on the stock. Finally, Bank of America cut their price target on shares of Charter Communications from $440.00 to $355.00 and set a "buy" rating on the stock in a report on Wednesday, September 24th.

Charter Communications Stock Performance

Charter Communications stock opened at $251.51 on Tuesday. The company's 50-day moving average price is $266.32 and its 200-day moving average price is $334.39. Charter Communications has a twelve month low of $248.17 and a twelve month high of $437.06. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 4.57. The company has a market cap of $34.35 billion, a PE ratio of 6.89, a price-to-earnings-growth ratio of 0.58 and a beta of 1.05.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its earnings results on Friday, July 25th. The company reported $9.18 earnings per share for the quarter, missing analysts' consensus estimates of $10.06 by ($0.88). Charter Communications had a return on equity of 26.77% and a net margin of 9.53%.The business had revenue of $13.77 billion during the quarter, compared to the consensus estimate of $13.76 billion. During the same quarter last year, the firm earned $8.49 earnings per share. The business's quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

Insider Activity

In related news, Director Balan Nair acquired 360 shares of the stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $274.21 per share, with a total value of $98,715.60. Following the transaction, the director directly owned 9,622 shares in the company, valued at approximately $2,638,448.62. This represents a 3.89% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Christopher L. Winfrey acquired 3,670 shares of the stock in a transaction on Thursday, July 31st. The stock was bought at an average cost of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the transaction, the chief executive officer owned 70,243 shares in the company, valued at $19,183,363.30. This trade represents a 5.51% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.83% of the company's stock.

Institutional Investors Weigh In On Charter Communications

Hedge funds have recently modified their holdings of the business. SouthState Corp bought a new position in shares of Charter Communications during the 1st quarter worth approximately $25,000. Atlantic Union Bankshares Corp bought a new position in shares of Charter Communications during the 2nd quarter worth approximately $25,000. Salem Investment Counselors Inc. raised its stake in shares of Charter Communications by 2,033.3% during the 2nd quarter. Salem Investment Counselors Inc. now owns 64 shares of the company's stock worth $26,000 after acquiring an additional 61 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Charter Communications during the 2nd quarter worth approximately $28,000. Finally, Heritage Wealth Advisors bought a new position in shares of Charter Communications during the 2nd quarter worth approximately $29,000. 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.

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