Charter Communications, Inc. (NASDAQ:CHTR) Given Average Recommendation of "Hold" by Brokerages

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has been assigned a consensus rating of "Hold" from the nineteen analysts that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $409.39.

CHTR has been the subject of several research analyst reports. Raymond James upgraded shares of Charter Communications from an "underperform" rating to a "market perform" rating in a research report on Monday, May 19th. Benchmark reiterated a "buy" rating and issued a $450.00 target price on shares of Charter Communications in a research report on Friday, January 31st. 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 research report on Monday, April 28th. Barclays increased their target price on shares of Charter Communications from $315.00 to $320.00 and gave the stock an "underweight" rating in a research report on Monday, February 3rd. Finally, Citigroup increased their target price on shares of Charter Communications from $425.00 to $445.00 and gave the stock a "buy" rating in a research report on Monday, April 28th.

Charter Communications Price Performance

CHTR stock traded down $11.57 on Friday, hitting $395.81. 1,488,221 shares of the company's stock traded hands, compared to its average volume of 1,273,335. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 4.73. The stock has a market cap of $55.56 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 0.44 and a beta of 1.11. Charter Communications has a 1-year low of $270.86 and a 1-year high of $437.06. The stock has a fifty day moving average of $375.39 and a 200-day moving average of $368.03.

Charter Communications (NASDAQ:CHTR - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $8.42 EPS for the quarter, missing the consensus estimate of $8.70 by ($0.28). The firm had revenue of $13.74 billion during 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 firm's revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company posted $7.55 EPS. On average, analysts forecast that Charter Communications will post 38.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CHTR. Norges Bank acquired a new position in Charter Communications in the 4th quarter valued at $1,032,236,000. Price T Rowe Associates Inc. MD grew its position in Charter Communications by 822.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,263,721 shares of the company's stock worth $433,167,000 after purchasing an additional 1,126,783 shares during the last quarter. GAMMA Investing LLC grew its position in Charter Communications by 43,296.0% in the 1st quarter. GAMMA Investing LLC now owns 857,938 shares of the company's stock worth $316,176,000 after purchasing an additional 855,961 shares during the last quarter. JPMorgan Chase & Co. grew its position in Charter Communications by 53.6% in the 1st quarter. JPMorgan Chase & Co. now owns 2,310,073 shares of the company's stock worth $851,331,000 after purchasing an additional 806,145 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Charter Communications by 130.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,078,175 shares of the company's stock worth $369,566,000 after purchasing an additional 609,554 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

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.