Charter Communications, Inc. (NASDAQ:CHTR) Receives $404.71 Consensus Price Target from Analysts

Key Points

• Charter Communications, Inc. has received an average consensus rating of "Hold" from 19 research firms, with three analysts recommending a sell and eight recommending a buy.
• The company's stock price target has been reduced by UBS Group to $355.00, while Loop Capital upgraded their target to $510.00.
• Charter Communications reported $9.18 earnings per share (EPS) last quarter, missing the consensus estimate of $10.06, despite revenues slightly exceeding expectations.

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has been given a consensus rating of "Hold" by the twenty analysts that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $394.6111.

CHTR has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Charter Communications from $430.00 to $370.00 and set a "sector perform" rating for the company in a research note on Monday, July 28th. Wolfe Research upgraded shares of Charter Communications from an "underperform" rating to a "peer perform" rating in a research report on Friday, June 20th. Barclays cut their target price on shares of Charter Communications from $341.00 to $275.00 and set an "underweight" rating for the company in a research report on Monday, July 28th. Bank of America lifted their target price on shares of Charter Communications from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Tuesday, July 1st. Finally, Loop Capital upgraded shares of Charter Communications from a "hold" rating to a "buy" rating and lifted their target price for the stock from $430.00 to $510.00 in a research report on Monday, May 19th.

Insider Transactions at Charter Communications

In other news, CEO Christopher L. Winfrey acquired 3,670 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average price of $273.10 per share, with a total value of $1,002,277.00. Following the completion of the purchase, the chief executive officer owned 70,243 shares of the company's stock, valued at approximately $19,183,363.30. This represents a 5.51% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Balan Nair acquired 360 shares of Charter Communications stock in a transaction that occurred on Thursday, July 31st. The shares were purchased at an average cost of $274.21 per share, for a total transaction of $98,715.60. Following the purchase, the director directly owned 9,622 shares of the company's stock, valued at approximately $2,638,448.62. This trade represents a 3.89% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.83% of the company's stock.

Hedge Funds Weigh In On Charter Communications

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Charter Communications by 0.5% in the second quarter. Vanguard Group Inc. now owns 8,231,704 shares of the company's stock valued at $3,365,203,000 after purchasing an additional 39,944 shares during the period. State Street Corp grew its position in shares of Charter Communications by 3.2% in the second quarter. State Street Corp now owns 6,486,312 shares of the company's stock valued at $2,651,669,000 after purchasing an additional 198,979 shares during the period. Norges Bank purchased a new stake in shares of Charter Communications in the second quarter valued at $1,145,387,000. Geode Capital Management LLC grew its position in shares of Charter Communications by 1.6% in the second quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company's stock valued at $1,056,800,000 after purchasing an additional 41,206 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Charter Communications by 53.6% in the first quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock valued at $851,331,000 after purchasing an additional 806,145 shares during the period. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR traded down $4.47 during midday trading on Monday, hitting $256.75. The stock had a trading volume of 1,665,774 shares, compared to its average volume of 1,505,180. The company has a market capitalization of $35.07 billion, a PE ratio of 7.04, a P/E/G ratio of 0.60 and a beta of 1.02. The stock has a 50 day moving average price of $323.61 and a two-hundred day moving average price of $357.21. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 4.57. Charter Communications has a 1 year low of $254.67 and a 1 year high of $437.06.

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

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.