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

Key Points

• MarketBeat reports an average analyst rating of "Hold" for Charter from 22 brokers (6 sell, 10 hold, 6 buy) with an average 1‑year price target of $335.11.
• Analysts have recently pared targets and mixed stances — e.g., Deutsche Bank cut its target to $235 (hold), New Street trimmed to $328 but kept a buy, RBC lowered to $240, while UBS maintains a $425 target — signaling divergent views and downward revisions.
• Charter slightly missed EPS ($10.34 vs. $10.40) and revenue fell 2.3% YoY to $13.60B; the stock trades near $226 with a low P/E of 6.24 and a high debt-to-equity ratio of 4.65.

Shares of Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) have received an average rating of "Hold" from the twenty-two research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $335.1111.

Several brokerages have commented on CHTR. Deutsche Bank Aktiengesellschaft dropped their price objective on Charter Communications from $275.00 to $235.00 and set a "hold" rating on the stock in a report on Tuesday, February 3rd. Sanford C. Bernstein set a $220.00 price objective on Charter Communications in a report on Wednesday, January 28th. New Street Research dropped their price objective on Charter Communications from $479.00 to $328.00 and set a "buy" rating on the stock in a report on Thursday, February 5th. Royal Bank Of Canada dropped their price objective on Charter Communications from $265.00 to $240.00 and set a "sector perform" rating on the stock in a report on Friday, January 16th. Finally, UBS Group set a $425.00 price objective on Charter Communications in a report on Thursday, January 29th.

Charter Communications Stock Up 3.4%

Shares of CHTR opened at $226.30 on Tuesday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 4.65. Charter Communications has a 12 month low of $180.38 and a 12 month high of $437.06. The stock's 50 day moving average is $225.37 and its two-hundred day moving average is $221.62. The firm has a market cap of $28.66 billion, a P/E ratio of 6.24, a PEG ratio of 0.36 and a beta of 1.03.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings data on Friday, January 30th. The company reported $10.34 EPS for the quarter, missing the consensus estimate of $10.40 by ($0.06). Charter Communications had a net margin of 9.10% and a return on equity of 24.63%. The business had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.73 billion. During the same period in the previous year, the business posted $10.10 earnings per share. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. Analysts predict that Charter Communications will post 38.16 earnings per share for the current fiscal year.

Institutional Trading of Charter Communications

A number of institutional investors have recently made changes to their positions in CHTR. AQR Capital Management LLC boosted its stake in shares of Charter Communications by 129.1% in the first quarter. AQR Capital Management LLC now owns 11,875 shares of the company's stock worth $4,356,000 after acquiring an additional 6,691 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Charter Communications by 16.3% in the first quarter. Integrated Wealth Concepts LLC now owns 913 shares of the company's stock worth $336,000 after acquiring an additional 128 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Charter Communications by 48.1% in the first quarter. Jones Financial Companies Lllp now owns 1,339 shares of the company's stock worth $493,000 after acquiring an additional 435 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Charter Communications by 141.0% in the first quarter. Geneos Wealth Management Inc. now owns 94 shares of the company's stock worth $35,000 after acquiring an additional 55 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Charter Communications by 451.1% in the first quarter. Acadian Asset Management LLC now owns 733 shares of the company's stock worth $270,000 after acquiring an additional 600 shares during the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter's service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company's consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.

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