Charter Communications (NASDAQ:CHTR) Shares Climb 5.4% Following Analyst Upgrade

Key Points

• Charter shares rose 5.4% after Wells Fargo lifted its price target from $101 to $103, but kept its underweight rating; the new target remained below the stock’s roughly $128 trading price.
• Analyst views remain mixed: MarketBeat reported a consensus “Reduce” rating, with five Buy, nine Hold and seven Sell ratings. Recent targets and recommendations ranged from bullish to bearish.
• Charter reported quarterly EPS of -$20.50, missing the $8.94 estimate, while revenue beat expectations at $14.92 billion and rose 9.1% year over year.

Charter Communications, Inc. (NASDAQ:CHTR - Get Free Report)'s share price shot up 5.4% during mid-day trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $101.00 to $103.00. Wells Fargo & Company currently has an underweight rating on the stock. Charter Communications traded as high as $127.82 and last traded at $127.72. 1,172,544 shares changed hands during trading, a decline of 58% from the average daily volume of 2,805,926 shares. The stock had previously closed at $121.20.

A number of other analysts also recently commented on the company. TD Cowen lowered their target price on Charter Communications from $413.00 to $380.00 and set a "buy" rating on the stock in a research note on Monday, July 27th. The Goldman Sachs Group decreased their price target on Charter Communications from $120.00 to $110.00 and set a "sell" rating for the company in a report on Friday, September 25th. Zacks Research raised shares of Charter Communications from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 4th. Citigroup cut their target price on shares of Charter Communications from $180.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, November 3rd. Finally, Arete Research raised shares of Charter Communications to a "strong sell" rating in a report on Thursday, October 1st. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $192.82.

Key Headlines Impacting Charter Communications

Here are the key news stories impacting Charter Communications this week:

• Neutral Sentiment: Charter subsidiaries launched cash tender offers for up to $1.5 billion of eight series of notes. The move may help manage debt, though the cash outlay and terms will determine the effect on the balance sheet. Charter Announces Tender Offers for Eight Series of Notes
• Negative Sentiment: KeyCorp’s published forecasts are well below the stated consensus: it estimates 2026 EPS of $30.58 versus $41.43 consensus and 2027 EPS of $15.09. Those projections could weigh on sentiment if investors view them as a signal of weaker earnings ahead. Charter Communications analyst estimates
• Negative Sentiment: A report characterizes Charter’s earnings call as signaling a “costly growth reset,” raising concerns about the expense of pursuing growth and potential profitability pressure. Charter Communications Earnings Call Signals Costly Growth Reset
• Negative Sentiment: Wells Fargo raised its price target from $101 to $103 but maintained an underweight rating, indicating the analyst still sees meaningful downside from the referenced trading level.

Institutional Investors Weigh In On Charter Communications

A number of large investors have recently made changes to their positions in the stock. Cassaday & Co Wealth Management LLC acquired a new stake in Charter Communications during the first quarter worth approximately $25,000. Trust Co. of Vermont acquired a new position in Charter Communications in the second quarter valued at $28,000. Legacies Wealth LLC purchased a new position in Charter Communications during the third quarter worth about $30,000. MCF Advisors LLC lifted its position in Charter Communications by 106.5% during the second quarter. MCF Advisors LLC now owns 223 shares of the company's stock worth $32,000 after buying an additional 115 shares during the period. Finally, Raiffeisen Bank International AG boosted its stake in Charter Communications by 259.7% in the 2nd quarter. Raiffeisen Bank International AG now owns 223 shares of the company's stock worth $33,000 after buying an additional 161 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Up 5.8%

The company has a market cap of $15.29 billion, a PE ratio of 13.26, a PEG ratio of 0.25 and a beta of 0.73. The company has a debt-to-equity ratio of 4.32, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a fifty day simple moving average of $120.29 and a 200 day simple moving average of $163.00.

Charter Communications (NASDAQ:CHTR - Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The company reported ($20.50) EPS for the quarter, missing the consensus estimate of $8.94 by ($29.44). Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The business had revenue of $14.92 billion during the quarter, compared to analysts' expectations of $13.50 billion. During the same quarter in the previous year, the business posted $8.34 EPS. The company's quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Charter Communications, Inc. will post 41.43 EPS for the current year.

About Charter Communications

Charter Communications, Inc provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations.

The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.

Founded in 1993, Charter expanded significantly through its 2016 acquisitions of Time Warner Cable and Bright House Networks, bringing those operations under the Spectrum brand.

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