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

Key Points

• Analysts maintain a “Hold” consensus on Charter Communications, with five sell, nine hold and five buy ratings among 19 brokerages. The average 12-month price target is $226.88, though several firms recently lowered their targets.
• Charter’s latest quarterly results exceeded expectations, with adjusted EPS of $10.66 versus the $9.98 consensus and revenue of $13.53 billion. However, revenue declined 1.7% year over year.
• The stock opened at $154.27 and remains highly volatile, trading between $111.55 and $285.82 over the past year. Insiders own 1.1% of shares, while hedge funds and other institutions hold 81.76%.

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has earned an average recommendation of "Hold" from the nineteen research firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $226.8750.

A number of brokerages have recently issued reports on CHTR. Barclays reduced their price objective on shares of Charter Communications from $130.00 to $115.00 and set an "underweight" rating for the company in a research note on Monday, July 27th. Bank of America reaffirmed a "buy" rating on shares of Charter Communications in a report on Monday, July 27th. UBS Group cut their price target on Charter Communications from $235.00 to $140.00 and set a "neutral" rating for the company in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft decreased their price target on Charter Communications from $235.00 to $215.00 and set a "hold" rating on the stock in a report on Monday, April 27th. Finally, Citigroup lowered their price objective on Charter Communications from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th.

Insider Transactions at Charter Communications

In related news, Director Thomas Rutledge sold 18,200 shares of the business's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $146.94, for a total value of $2,674,308.00. Following the transaction, the director directly owned 3,968 shares of the company's stock, valued at approximately $583,057.92. The trade was a 82.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.10% of the company's stock.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its position in shares of Charter Communications by 141.0% during 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. Cassaday & Co Wealth Management LLC purchased a new position in Charter Communications during the first quarter valued at $25,000. Quarry LP increased its holdings in Charter Communications by 153.2% in the 4th quarter. Quarry LP now owns 119 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. Altshuler Shaham Ltd bought a new stake in Charter Communications in the 4th quarter valued at $25,000. Finally, DV Equities LLC purchased a new stake in Charter Communications in the 4th quarter worth $25,000. 81.76% of the stock is owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Shares of NASDAQ:CHTR opened at $154.27 on Monday. The stock has a 50 day moving average of $138.29 and a 200 day moving average of $178.67. The company has a market cap of $18.40 billion, a PE ratio of 4.01, a price-to-earnings-growth ratio of 0.26 and a beta of 0.70. Charter Communications has a 12-month low of $111.55 and a 12-month high of $285.82. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32.

Charter Communications (NASDAQ:CHTR - Get Free Report) last released its earnings results on Friday, July 24th. The company reported $10.66 EPS for the quarter, topping analysts' consensus estimates of $9.98 by $0.68. Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The company had revenue of $13.53 billion for the quarter, compared to analysts' expectations of $13.51 billion. During the same quarter last year, the business earned $9.18 EPS. The firm's revenue was down 1.7% compared to the same quarter last year. As a group, equities research analysts expect that Charter Communications will post 42.72 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source