NASDAQ:CHTR

Charter Communications (CHTR) Stock Forecast, Price & News

$329.00

-5.91 (-1.76%)

(As of 06/6/2023 ET)

Compare

Today's Range: $325.28
▼
$336.29
50-Day Range: $319.66
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$368.70
52-Week Range: $297.66
▼
$496.37

Volume: 940,295 shs
Average Volume: 1.11 million shs
Market Capitalization: $50.22 billion

P/E Ratio: 10.78
Dividend Yield: N/A
Price Target: $479.82

Charter Communications MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 45.8% Upside
$479.82 Price Target
Short Interest: Bearish
8.66% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.97
Upright™ Environmental Score
News Sentiment: 0.71
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 15.44%
From $30.70 to $35.44 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Consumer Discretionary Sector

51st out of 260 stocks

Cable & Other Pay Television Services Industry

5th out of 20 stocks

3.3

Analyst's Opinion

Consensus Rating
Charter Communications has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 11 buy ratings, 8 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $479.82, Charter Communications has a forecasted upside of 45.8% from its current price of $329.00.
Amount of Analyst Coverage
Charter Communications has only been the subject of 3 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.66% of the float of Charter Communications has been sold short.
Short Interest Ratio / Days to Cover
Charter Communications has a short interest ratio ("days to cover") of 8.4.
Change versus previous month

0.0

Dividend Strength

Dividend Yield
Charter Communications does not currently pay a dividend.
Dividend Growth
Charter Communications does not have a long track record of dividend growth.

3.4

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Charter Communications has received a 38.77% net impact score from Upright. Charter Communications seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Relationships". The positive contribution in the "Knowledge infrastructure" impact category is false driven by its "Consumer internet network provision", "Telephony provision", and "Television broadcasting" products. See details.
Environmental Sustainability
The Environmental Impact score for Charter Communications is -0.97.

2.1

News and Social Media Coverage

News Sentiment
Charter Communications has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.60 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Charter Communications this week, compared to 8 articles on an average week.
Search Interest
Only 8 people have searched for CHTR on MarketBeat in the last 30 days. This is a decrease of -69% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Charter Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Charter Communications insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.32% of the stock of Charter Communications is held by insiders.
Percentage Held by Institutions
66.05% of the stock of Charter Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

4.4

Earnings and Valuation

Earnings Growth
Earnings for Charter Communications are expected to grow by 15.44% in the coming year, from $30.70 to $35.44 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Charter Communications is 10.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.38.
Price to Earnings Ratio vs. Sector
The P/E ratio of Charter Communications is 10.78, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 16.03.
Price to Earnings Growth Ratio
Charter Communications has a PEG Ratio of 0.40. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Charter Communications has a P/B Ratio of 4.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Charter Communications (NASDAQ:CHTR) Stock

Charter Communications Inc is a mass media and telecommunications company in Stamford, Connecticut. The company has become one of the largest cable and internet service providers in the United States since it was founded in 1993. Charter Communications serves over 30 million customers across 41 states. In addition to providing cable television and internet services, Charter offers home phone services, mobile services and advertising solutions. Key highlights of the company include its acquisition of Time Warner Cable in 2016, which made it the second-largest cable operator in the US and its launch of Spectrum Mobile, a mobile virtual network operator, in 2018.

Charter has seen steady growth in its financial metrics over the past few years. However, the company's debt levels have increased recently, with long-term debt rising from $64.2 billion in 2020 to $96 billion in 2023. This rise in debt is coupled with a stock price decrease of close to fifty percent from the third quarter of 2021 to the third quarter of 2022.

Charter operates in the highly competitive telecommunications industry, undergoing significant changes due to technological advancements and shifting consumer preferences. The industry is dominated by a few prominent players, including Comcast, AT&T and Verizon. In addition, there has been a trend towards cord-cutting in recent years, as consumers increasingly opt for streaming services over traditional cable television. This trend has pressured cable companies to adapt and offer customers more flexible and affordable options. The industry is also subject to regulatory and political forces, with ongoing debates around net neutrality and the role of telecom companies in shaping public discourse.

Charter's leadership team changed hands in the fourth quarter of 2022 when Charter appointed previous COO Christopher Winfrey to the CEO lead, replacing CEO Thomas Rutledge, who had been at the helm for ten years.

One of the key growth opportunities for Charter is its expansion into the mobile services market through Spectrum Mobile. The company launched Spectrum Mobile in 2018, leveraging its existing infrastructure to offer customers affordable mobile plans. Spectrum Mobile represents a significant growth opportunity for Charter as the demand for mobile services continues to grow. The company is also investing in its broadband network, with plans to extend its coverage and increase internet speeds in underserved areas.

One of the critical risks facing Charter is the ongoing trend towards cord-cutting, as customers increasingly opt for streaming services over traditional cable television. This trend has pressured cable companies to adapt and offer customers more flexible and affordable options. The industry is also subject to regulatory and political pressures, with ongoing debates around net neutrality and the role of telecom companies in shaping public discourse. As a result, Charter could face increased regulatory scrutiny, impacting its operations and financial performance. Another challenge for Charter is the potential for increased competition, particularly from new entrants to the market. The telecom industry is constantly evolving, with new technologies and players emerging. Charter must continue to innovate and invest in its network to remain competitive.

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CHTR Stock News Headlines

June 6, 2023 | finance.yahoo.com

Nokia (NOK) Solutions to Power Charter's Network Connectivity

June 5, 2023 | finance.yahoo.com

Are Investors Undervaluing Charter Communications, Inc. (NASDAQ:CHTR) By 28%?

June 7, 2023 | Behind the Markets (Ad)

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June 4, 2023 | americanbankingnews.com

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

May 23, 2023 | finance.yahoo.com

Charter Communications (NASDAQ:CHTR) Might Have The Makings Of A Multi-Bagger

May 21, 2023 | americanbankingnews.com

Charter Communications (NASDAQ:CHTR) Research Coverage Started at StockNews.com

May 17, 2023 | americanbankingnews.com

Charter Communications (NASDAQ:CHTR) PT Lowered to $400.00

May 15, 2023 | msn.com

Deutsche Bank Maintains Charter Communications Inc. - (CHTR) Hold Recommendation

June 7, 2023 | Behind the Markets (Ad)

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May 15, 2023 | seekingalpha.com

Charter Communications: Rural Expansion Seems To Be Working, Valuation Is Cheap

May 15, 2023 | finance.yahoo.com

How Are Cable Companies Growing Their Wireless Businesses So Fast? T-Mobile Has a Guess.

May 12, 2023 | finance.yahoo.com

SPECTRUM PARTNERS WITH OVATION TV TO SUPPORT MADISON YOUTH ARTS CENTER WITH $10,000 STAND FOR THE ARTS AWARD

May 12, 2023 | msn.com

Price Over Earnings Overview: Charter Communications

May 11, 2023 | finance.yahoo.com

Charter to Participate in SVB MoffettNathanson Technology, Media and Telecom Conference

May 10, 2023 | americanbankingnews.com

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

May 9, 2023 | finance.yahoo.com

Is Charter Communications, Inc.'s (NASDAQ:CHTR) ROE Of 44% Impressive?

May 8, 2023 | marketwatch.com

Charter Communications Inc. Cl A stock underperforms Monday when compared to competitors

May 8, 2023 | finance.yahoo.com

Spectrum Enterprise Enhances Cybersecurity Offerings to Help Businesses More Easily Protect Their Digital Infrastructure

May 5, 2023 | marketwatch.com

Charter Communications Inc. Cl A stock rises Friday, still underperforms market

May 5, 2023 | americanbankingnews.com

KeyCorp Weighs in on Charter Communications, Inc.'s Q2 2023 Earnings (NASDAQ:CHTR)

May 5, 2023 | americanbankingnews.com

Q2 2023 EPS Estimates for Charter Communications, Inc. (NASDAQ:CHTR) Increased by Analyst

May 4, 2023 | marketwatch.com

Charter Communications Inc. Cl A stock underperforms Thursday when compared to competitors

May 3, 2023 | americanbankingnews.com

Benchmark Lowers Charter Communications (NASDAQ:CHTR) Price Target to $575.00

May 3, 2023 | americanbankingnews.com

Charter Communications (NASDAQ:CHTR) Price Target Cut to $500.00

May 2, 2023 | msn.com

Pivotal Research Maintains Charter Communications Inc. - (CHTR) Buy Recommendation

May 2, 2023 | finance.yahoo.com

SPECTRUM PARTNERS WITH OVATION TV TO SUPPORT THE LATINO THEATER COMPANY WITH $10,000 STAND FOR THE ARTS AWARD

May 2, 2023 | finance.yahoo.com

Insiders of Charter Communications, Inc. (NASDAQ:CHTR) would have made a tidy sum after selling US$14m worth of stock at a high price

See More Headlines

CHTR Price History

30 days | 90 days | 365 days | Advanced Chart

CHTR Company Calendar

Last Earnings: 4/28/2023
Today: 6/07/2023
Next Earnings (Estimated): 8/04/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Cable & other pay television services
Sub-Industry: Cable & Satellite
Sector: Consumer Discretionary
Current Symbol: NASDAQ:CHTR
CUSIP: 16117M30
CIK: 1091667
Web: www.charter.com
Phone: (203) 905-7801
Fax: 314-965-9745
Employees: 101,700
Year Founded: 1993

Price Target and Rating

Average Stock Price Forecast: $479.82
High Stock Price Forecast: $649.00
Low Stock Price Forecast: $273.00
Forecasted Upside/Downside: +45.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 20 Analysts

Profitability

EPS (Most Recent Fiscal Year): $30.52
Trailing P/E Ratio: 10.78
Forward P/E Ratio: 10.72
P/E Growth: 0.4
Net Income: $5.06 billion
Net Margins: 8.95%
Pretax Margin: 13.37%
Return on Equity: 37.99%
Return on Assets: 3.38%

Debt

Debt-to-Equity Ratio: 7.44
Current Ratio: 0.33
Quick Ratio: 0.33

Sales & Book Value

Annual Sales: $54.02 billion
Price / Sales: 0.93
Cash Flow: $91.39 per share
Price / Cash Flow: 3.60
Book Value: $82.21 per share
Price / Book: 4.00

Miscellaneous

Outstanding Shares: 152,650,000
Free Float: 149,109,000
Market Cap: $50.22 billion
Optionable: Optionable
Beta: 1.11

Social Links

Key Executives

Christopher L. Winfrey
President & Chief Executive Officer

Jessica Fischer
Chief Financial Officer

Richard J. DiGeronimo
President-Product & Technology

Jake H. Perlman
Executive Vice President-Software Development

David G. Ellen
Senior Executive Vice President

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CHTR Stock - Frequently Asked Questions

Should I buy or sell Charter Communications stock right now?: 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Charter Communications in the last year. There are currently 1 sell rating, 8 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CHTR shares.
View CHTR analyst ratings or view top-rated stocks.
What is Charter Communications' stock price forecast for 2023?: 20 brokers have issued 12 month price targets for Charter Communications' stock. Their CHTR share price forecasts range from $273.00 to $649.00. On average, they expect the company's stock price to reach $479.82 in the next year. This suggests a possible upside of 45.8% from the stock's current price.
View analysts price targets for CHTR or view top-rated stocks among Wall Street analysts.
How have CHTR shares performed in 2023?: Charter Communications' stock was trading at $339.10 at the beginning of 2023. Since then, CHTR stock has decreased by 3.0% and is now trading at $329.00.
View the best growth stocks for 2023 here.
When is Charter Communications' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our CHTR earnings forecast.
How were Charter Communications' earnings last quarter?: Charter Communications, Inc. (NASDAQ:CHTR) posted its earnings results on Friday, April, 28th. The company reported $6.65 earnings per share for the quarter, missing the consensus estimate of $7.21 by $0.56. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.61 billion. Charter Communications had a trailing twelve-month return on equity of 37.99% and a net margin of 8.95%. The company's revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business posted $6.90 EPS.
Read the conference call transcript.
What ETFs hold Charter Communications' stock?: ETFs with the largest weight of Charter Communications (NASDAQ:CHTR) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE), Invesco S&P 500 Equal Weight Communication Services ETF (EWCO), Communication Services Select Sector SPDR Fund (XLC), God Bless America ETF (YALL), iShares U.S. Telecommunications ETF (IYZ), ProShares Ultra Communication Services (LTL), VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV) and FPA Global Equity ETF (FPAG).
What other stocks do shareholders of Charter Communications own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Charter Communications investors own include Intel (INTC), NVIDIA (NVDA), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Netflix (NFLX), Alibaba Group (BABA), Verizon Communications (VZ), Walmart (WMT), Home Depot (HD) and Walt Disney (DIS).

What is Charter Communications' stock symbol?: Charter Communications trades on the NASDAQ under the ticker symbol "CHTR."
Who are Charter Communications' major shareholders?: Charter Communications' stock is owned by a number of institutional and retail investors. Top institutional investors include Dodge & Cox (5.69%), BlackRock Inc. (4.52%), State Street Corp (3.41%), Veritas Asset Management LLP (1.87%), Geode Capital Management LLC (1.30%) and Citigroup Inc. (0.00%). Insiders that own company stock include Christopher L Winfrey, David C Merritt, David C Merritt, David Ellen, John Bickham, Jonathan Hargis, Kevin D Howard, Richard R Dykhouse, Richard R Dykhouse, S P Iv Johnson, Steven A Miron and Thomas Rutledge.
View institutional ownership trends.
How do I buy shares of Charter Communications?: Shares of CHTR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Charter Communications' stock price today?: One share of CHTR stock can currently be purchased for approximately $329.00.
How much money does Charter Communications make?: Charter Communications (NASDAQ:CHTR) has a market capitalization of $50.22 billion and generates $54.02 billion in revenue each year. The company earns $5.06 billion in net income (profit) each year or $30.52 on an earnings per share basis.
How many employees does Charter Communications have?: The company employs 101,700 workers across the globe.
Does Charter Communications have any subsidiaries?: The following companies are subsidiares of Charter Communications: Bresnan Broadband Holdings LLC, Bresnan Broadband of Colorado LLC, Bresnan Broadband of Montana LLC, Bresnan Broadband of Utah LLC, Bresnan Broadband of Wyoming LLC, Bresnan Digital Services LLC, Bright House Networks, Bright House Networks Information Services Alabama LLC, Bright House Networks Information Services California LLLC, Bright House Networks Information Services Florida LLC, Bright House Networks Information Services Indiana LLC, Bright House Networks Information Services Michigan LLC, CC Fiberlink LLC, CC VI Fiberlink LLC, CC VII Fiberlink LLC, CCH Holding Company LLC, CCH I Holdings LLC, CCH II LLC, CCHC LLC, CCO Fiberlink LLC, CCO Holdings Capital Corp., CCO Holdings LLC, CCO NR Holdings LLC, Charter Advanced Services MO LLC, Charter Communications Holding Company LLC, Charter Communications Holdings LLC, Charter Communications Inc., Charter Communications LLC, Charter Communications Operating Capital Corp., Charter Communications Operating LLC, Charter Communications VI L.L.C., Charter Distribution LLC, Charter Fiberlink CA-CCO LLC, Charter Fiberlink CC VIII LLC, Charter Fiberlink CCO LLC, Charter Fiberlink CT-CCO LLC, Charter Fiberlink LA-CCO LLC, Charter Fiberlink MA-CCO LLC, Charter Fiberlink MS-CCVI LLC, Charter Fiberlink NC-CCO LLC, Charter Fiberlink NH-CCO LLC, Charter Fiberlink NV-CCVII LLC, Charter Fiberlink NY-CCO LLC, Charter Fiberlink OR-CCVII LLC, Charter Fiberlink SC-CCO LLC, Charter Fiberlink TX-CCO LLC, Charter Fiberlink VA-CCO LLC, Charter Fiberlink VT-CCO LLC, Charter Fiberlink WA-CCVII LLC, Charter Fiberlink – Alabama LLC, Charter Fiberlink – Georgia LLC, Charter Fiberlink – Illinois LLC, Charter Fiberlink – Maryland II LLC, Charter Fiberlink – Michigan LLC, Charter Fiberlink – Missouri LLC, Charter Fiberlink – Nebraska LLC, Charter Fiberlink – Tennessee LLC, Charter Gateway LLC, Charter Leasing Holding Company LLC, Charter Procurement Leasing LLC, Clearview Networks, DukeNet Communications LLC, Fanch Communications, Helicon Cable, Innovar Media LLC, Insight Blocker LLC, Marcus Cable Associates L.L.C., Renaissance Media LLC, SCI Aviation Inc., Spectrum Advanced Services LLC, Spectrum Captive Holdings LLC, Spectrum Communications Indemnity Inc., Spectrum Fiberlink Florida LLC, Spectrum Gulf Coast LLC, Spectrum Management Holding Company LLC, Spectrum Mid-America LLC, Spectrum Mobile Equipment LLC, Spectrum Mobile LLC, Spectrum NLP LLC, Spectrum New Jersey LLC, Spectrum New York Metro LLC, Spectrum Northeast LLC, Spectrum Oceanic LLC, Spectrum Originals Development LLC, Spectrum Originals LLC, Spectrum Pacific West LLC, Spectrum RSN LLC, Spectrum Reach LLC, Spectrum Security LLC, Spectrum Southeast LLC, Spectrum Stamford LLC, Spectrum Sunshine State LLC, Spectrum TV Essentials LLC, Spectrum Wireless Holdings LLC, SpectrumCo, TC Technology LLC, TWC Administration LLC, TWC Communications LLC, TWC Employee Disaster Relief Fund, TWC SEE Holdco LLC, TWCIS Holdco LLC, Time Warner Cable, Time Warner Cable Business LLC, Time Warner Cable Enterprises LLC, Time Warner Cable Information Services Alabama LLC, Time Warner Cable Information Services Arizona LLC, Time Warner Cable Information Services California LLC, Time Warner Cable Information Services Colorado LLC, Time Warner Cable Information Services Hawaii LLC, Time Warner Cable Information Services Idaho LLC, Time Warner Cable Information Services Illinois LLC, Time Warner Cable Information Services Indiana LLC, Time Warner Cable Information Services Kansas LLC, Time Warner Cable Information Services Kentucky LLC, Time Warner Cable Information Services Maine LLC, Time Warner Cable Information Services Massachusetts LLC, Time Warner Cable Information Services Michigan LLC, Time Warner Cable Information Services Missouri LLC, Time Warner Cable Information Services Nebraska LLC, Time Warner Cable Information Services New Hampshire LLC, Time Warner Cable Information Services New Jersey LLC, Time Warner Cable Information Services New Mexico LLC, Time Warner Cable Information Services New York LLC, Time Warner Cable Information Services North Carolina LLC, Time Warner Cable Information Services Ohio LLC, Time Warner Cable Information Services Pennsylvania LLC, Time Warner Cable Information Services South Carolina LLC, Time Warner Cable Information Services Tennessee LLC, Time Warner Cable Information Services Texas LLC, Time Warner Cable Information Services Virginia LLC, Time Warner Cable Information Services Washington LLC, Time Warner Cable Information Services West Virginia LLC, Time Warner Cable Information Services Wisconsin LLC, Time Warner Cable LLC, and Vista Broadband Communications.
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How can I contact Charter Communications?: Charter Communications' mailing address is 400 Atlantic Street, Stamford CT, 06901. The official website for the company is www.charter.com. The company can be reached via phone at (203) 905-7801, via email at investor@charter.com, or via fax at 314-965-9745.

This page (NASDAQ:CHTR) was last updated on 6/7/2023 by MarketBeat.com Staff

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