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

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has been given a consensus recommendation of "Hold" by the nineteen brokerages that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $409.39.

A number of research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Charter Communications from $425.00 to $445.00 and gave the company a "buy" rating in a research note on Monday, April 28th. BNP Paribas restated an "underperform" rating and set a $290.00 price objective on shares of Charter Communications in a research report on Thursday, April 10th. Oppenheimer upgraded shares of Charter Communications from a "market perform" rating to an "outperform" rating and set a $500.00 price target on the stock in a research report on Friday, May 16th. Wells Fargo & Company lifted their price target on Charter Communications from $380.00 to $400.00 and gave the stock an "equal weight" rating in a research note on Monday, April 28th. Finally, Morgan Stanley increased their target price on shares of Charter Communications from $385.00 to $415.00 and gave the stock an "equal weight" rating in a report on Monday, April 28th.

Hedge Funds Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently made changes to their positions in CHTR. Atomi Financial Group Inc. lifted its stake in Charter Communications by 21.2% in the 4th quarter. Atomi Financial Group Inc. now owns 1,033 shares of the company's stock valued at $354,000 after buying an additional 181 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Charter Communications by 17.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 32,478 shares of the company's stock worth $11,132,000 after buying an additional 4,813 shares during the period. Avior Wealth Management LLC boosted its position in Charter Communications by 104.7% during the 4th quarter. Avior Wealth Management LLC now owns 88 shares of the company's stock worth $30,000 after acquiring an additional 45 shares during the period. Fifth Third Bancorp raised its stake in shares of Charter Communications by 2.4% in the 4th quarter. Fifth Third Bancorp now owns 3,155 shares of the company's stock worth $1,081,000 after buying an additional 73 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Charter Communications by 1.3% during the 4th quarter. Blue Trust Inc. now owns 10,195 shares of the company's stock worth $3,304,000 after acquiring an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company's stock.

Charter Communications Trading Up 1.2%

Shares of CHTR stock traded up $4.77 during trading hours on Friday, hitting $411.13. 1,570,718 shares of the company's stock traded hands, compared to its average volume of 1,270,545. The stock's 50 day simple moving average is $372.98 and its 200 day simple moving average is $367.45. Charter Communications has a 12 month low of $268.14 and a 12 month high of $437.06. The stock has a market cap of $57.71 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 0.44 and a beta of 1.11. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 4.73.

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