NASDAQ:CHTR

Charter Communications - CHTR Stock Forecast, Price & News

$480.92

+2.80 (+0.59%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $468.77
▼
$483.53
50-Day Range: $415.35
▼
$492.74
52-Week Range: $407.75
▼
$825.62

Volume: 867,321 shs
Average Volume: 1.47 million shs
Market Capitalization: $77.26 billion

P/E Ratio: 15.45
Dividend Yield: N/A
Price Target: $629.50

Charter Communications MarketRank™ Forecast

Analyst Rating: Hold
2.16 Rating Score
Upside/Downside: 29.2% Upside
$621.47 Price Target
Short Interest: Bearish
7.07% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.97
Upright™ Environmental Score
News Sentiment: 0.04
Based on 26 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 12.98%
From $31.12 to $35.16 Per Share

Overall MarketRank^™

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

2.68 out of 5 stars

Consumer Discretionary Sector

57th out of 291 stocks

Cable & Other Pay Television Services Industry

6th out of 20 stocks

4.1

Analyst's Opinion

Consensus Rating
Charter Communications has received a consensus rating of Hold. The company's average rating score is 2.15, and is based on 6 buy ratings, 11 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $621.47, Charter Communications has a forecasted upside of 29.2% from its current price of $480.92.
Amount of Analyst Coverage
Charter Communications has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
7.07% 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 6.
Change versus previous month
Short interest in Charter Communications has recently increased by 8.57%, indicating that investor sentiment is decreasing significantly.

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.

2.2

News and Social Media Coverage

News Sentiment
Charter Communications has a news sentiment score of 0.04. 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 lower news sentiment than the 0.52 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 26 news articles for Charter Communications this week, compared to 6 articles on an average week.
Search Interest
8 people have searched for CHTR on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Charter Communications to their MarketBeat watchlist in the last 30 days. This is a decrease of -10% 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 1.96% of the stock of Charter Communications is held by insiders.
Percentage Held by Institutions
83.63% of the stock of Charter Communications is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Charter Communications are expected to grow by 12.98% in the coming year, from $31.12 to $35.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Charter Communications is 15.45, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Charter Communications is 15.45, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 12.94.
Price to Earnings Growth Ratio
Charter Communications has a PEG Ratio of 0.49. 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 4.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Charter Communications (NASDAQ:CHTR) Stock

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 video services, including video on demand, high-definition television, digital video recorder, pay-per-view services. It provides Internet services, such as security suite that protects computers from viruses and spyware, and threats from malicious actors; in-home WiFi, which provides customers with high performance wireless routers to enhance their in-home wireless Internet experience; out-of-home WiFi; and Spectrum WiFi services, as well as video services. The company also offers voice communications services using voice over Internet protocol technology; and broadband communications solutions, such as Internet access, data networking, fiber connectivity, video entertainment, and business telephone services to cellular towers and office buildings for business and carrier organizations. In addition, it provides mobile services; offers video programming, static IP and business WiFi, email and security, and multi-line telephone services, as well as Web-based service management; sells local advertising across various platforms for networks, such as TBS, CNN, and ESPN; sells advertising inventory to local sports and news channels; and offers Audience App for optimizes linear inventory. Further, the company offers communications products and managed service solutions; data connectivity services to mobile and wireline carriers on a wholesale basis; and owns and operates regional sports and news networks. It serves approximately 32 million customers in 41 states. The company was founded in 1993 and is headquartered in Stamford, Connecticut.

Charter Communications Stock Performance

CHTR Stock traded down $0.06 during midday trading on Monday, reaching $478.06. 6,341 shares of the company's stock traded hands, compared to its average volume of 1,477,599. The company has a 50-day moving average price of $463.65 and a two-hundred day moving average price of $514.33. The company has a debt-to-equity ratio of 6.99, a quick ratio of 0.33 and a current ratio of 0.33. Charter Communications has a 52 week low of $407.75 and a 52 week high of $825.62. The firm has a market capitalization of $76.80 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 0.49 and a beta of 0.91.

Charter Communications (NASDAQ:CHTR - Get Rating) last issued its earnings results on Friday, July 29th. The company reported $8.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.82 by $1.98. Charter Communications had a net margin of 10.35% and a return on equity of 31.83%. The business had revenue of $13.60 billion for the quarter, compared to analysts' expectations of $13.42 billion. During the same quarter in the previous year, the firm posted $5.29 EPS. The business's revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, equities analysts anticipate that Charter Communications will post 31.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CHTR. TheStreet lowered Charter Communications from a "b-" rating to a "c+" rating in a research report on Monday, May 16th. Credit Suisse Group lowered their target price on Charter Communications to $676.00 in a research report on Tuesday, August 9th. KeyCorp lowered their target price on Charter Communications from $563.00 to $555.00 and set an "overweight" rating for the company in a research report on Tuesday, August 2nd. Wells Fargo & Company lowered their target price on Charter Communications from $603.00 to $393.00 in a research report on Monday, May 2nd. Finally, Pivotal Research lowered their price objective on Charter Communications from $585.00 to $560.00 in a research report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Charter Communications currently has an average rating of "Hold" and an average price target of $621.47.

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CHTR Stock News Headlines

August 15, 2022 | seekingalpha.com

Comcast, Charter slip as Atlantic Equities downgrades, citing weak broadband results

August 13, 2022 | americanbankingnews.com

Charter Communications (NASDAQ:CHTR) Rating Lowered to Hold at StockNews.com

August 11, 2022 | americanbankingnews.com

Charter Communications (NASDAQ:CHTR) Stock Rating Lowered by Argus

August 10, 2022 | msn.com

Analyzing Charter Communications Short Interest

August 10, 2022 | americanbankingnews.com

Charter Communications (NASDAQ:CHTR) Downgraded to "Hold" at Argus

August 9, 2022 | seekingalpha.com

Argus cuts Charter to Hold, seeing competition hurt subscribers

August 9, 2022 | stocknews.com

This Entertainment Stock Makes a Great Dividend Play in 2022

August 8, 2022 | finance.yahoo.com

FPA Crescent Fund Expects Growth in Charter Communications (CHTR)’s FCF

August 8, 2022 | finance.yahoo.com

FPA Crescent Fund Expects Growth in Charter Communications (CHTR)’s FCF

August 4, 2022 | finance.yahoo.com

Is Charter Communications (CHTR) a Great Value Stock Right Now?

August 4, 2022 | americanbankingnews.com

Charter Communications (NASDAQ:CHTR) PT Raised to $680.00 at TD Securities

August 4, 2022 | americanbankingnews.com

Q3 2022 Earnings Estimate for Charter Communications, Inc. Issued By Oppenheimer (NASDAQ:CHTR)

August 3, 2022 | nasdaq.com

November 18th Options Now Available For Charter Communications (CHTR)

August 3, 2022 | finance.yahoo.com

Is There Now An Opportunity In Charter Communications, Inc. (NASDAQ:CHTR)?