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

Key Points

• Analysts maintain a consensus “Hold” rating on Charter Communications, with five sell, nine hold, and five buy recommendations. The average 12-month price target is $226.88, although several firms recently lowered their targets and issued underweight or underperform ratings.
• Charter’s latest quarterly results exceeded expectations, with earnings per share of $10.66 versus the $9.98 consensus estimate and revenue of $13.53 billion. However, revenue declined 1.7% year over year.
• The stock opened at $140.56, up 5%, but remains well below its 52-week high of $285.82. Institutional investors own approximately 81.76% of the company, while Charter carries a high debt-to-equity ratio of 4.32.

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report) has been assigned an average rating of "Hold" from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $226.8750.

Several analysts recently commented on CHTR shares. Bank of America restated a "buy" rating on shares of Charter Communications in a research report on Monday, July 27th. BNP Paribas Exane decreased their price objective on shares of Charter Communications from $150.00 to $120.00 and set an "underperform" rating for the company in a research report on Tuesday, July 14th. Wells Fargo & Company lowered their target price on shares of Charter Communications from $160.00 to $101.00 and set an "underweight" rating on the stock in a research note on Monday, July 27th. Sanford C. Bernstein restated a "market perform" rating and set a $150.00 target price on shares of Charter Communications in a research report on Monday, July 27th. Finally, Barclays cut their price target on Charter Communications from $130.00 to $115.00 and set an "underweight" rating for the company in a research note on Monday, July 27th.

Charter Communications Stock Up 5.0%

Charter Communications stock opened at $140.56 on Friday. The business's 50-day moving average price is $143.48 and its 200 day moving average price is $168.72. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 4.32. The firm has a market cap of $16.77 billion, a price-to-earnings ratio of 3.65, a price-to-earnings-growth ratio of 0.28 and a beta of 0.69. Charter Communications has a 52 week low of $111.55 and a 52 week high of $285.82.

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

Institutional Investors Weigh In On Charter Communications

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC lifted its holdings in Charter Communications by 1,804.0% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 102,528 shares of the company's stock valued at $21,403,000 after purchasing an additional 97,143 shares in the last quarter. Norges Bank purchased a new stake in shares of Charter Communications during the fourth quarter worth $555,383,000. Swiss Life Asset Management Ltd raised its position in shares of Charter Communications by 110.7% in the fourth quarter. Swiss Life Asset Management Ltd now owns 31,239 shares of the company's stock valued at $6,521,000 after buying an additional 16,415 shares during the last quarter. Polianta Ltd acquired a new stake in shares of Charter Communications in the second quarter valued at about $1,777,000. Finally, BW Gestao de Investimentos Ltda. purchased a new position in shares of Charter Communications in the fourth quarter worth about $3,131,000. Hedge funds and other institutional investors own 81.76% of the company's stock.

About Charter Communications

Charter Communications, Inc is a telecommunications and media company that operates under the Spectrum brand. Its primary business is providing broadband internet, video, mobile, and voice services to residential customers across the United States. Charter also offers communications and managed services to businesses, including internet access, data networking, phone, video, and fiber-based connectivity solutions.

The company's consumer offerings include high-speed internet, traditional and streaming-enabled television services, mobile wireless plans, and home phone services.

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