Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Price Target at $410.94

Shares of Charter Communications, Inc. (NASDAQ:CHTRGet Free Report) have been assigned an average rating of “Hold” from the fifteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $408.75.

A number of equities research analysts recently commented on CHTR shares. JPMorgan Chase & Co. cut shares of Charter Communications from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $445.00 to $370.00 in a research report on Monday, February 5th. Benchmark reduced their price target on Charter Communications from $490.00 to $440.00 and set a “buy” rating on the stock in a report on Monday, February 5th. Wells Fargo & Company cut Charter Communications from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $460.00 to $340.00 in a report on Monday, February 5th. UBS Group dropped their price target on Charter Communications from $360.00 to $325.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, Barclays decreased their price objective on shares of Charter Communications from $325.00 to $280.00 and set an “underweight” rating for the company in a report on Monday, February 5th.

View Our Latest Stock Analysis on CHTR

Institutional Trading of Charter Communications

A number of institutional investors and hedge funds have recently made changes to their positions in CHTR. Wetzel Investment Advisors Inc. acquired a new position in Charter Communications in the 4th quarter valued at $25,000. Janiczek Wealth Management LLC increased its stake in Charter Communications by 168.0% during the 3rd quarter. Janiczek Wealth Management LLC now owns 67 shares of the company’s stock worth $29,000 after buying an additional 42 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Charter Communications during the third quarter worth about $31,000. Turtle Creek Wealth Advisors LLC acquired a new position in Charter Communications during the 4th quarter worth approximately $44,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Charter Communications by 769.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 113 shares of the company’s stock valued at $44,000 after acquiring an additional 100 shares during the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Charter Communications Stock Performance

Charter Communications stock opened at $290.63 on Monday. The firm has a fifty day simple moving average of $308.71 and a two-hundred day simple moving average of $373.42. Charter Communications has a twelve month low of $270.41 and a twelve month high of $458.30. The company has a market capitalization of $42.21 billion, a PE ratio of 9.68, a P/E/G ratio of 0.44 and a beta of 0.96. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 6.51.

Charter Communications (NASDAQ:CHTRGet Free Report) last issued its earnings results on Friday, February 2nd. The company reported $7.07 earnings per share for the quarter, missing the consensus estimate of $8.76 by ($1.69). Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The company had revenue of $13.71 billion for the quarter, compared to analysts’ expectations of $13.70 billion. During the same quarter in the prior year, the company earned $7.69 earnings per share. The company’s revenue was up .3% compared to the same quarter last year. Research analysts expect that Charter Communications will post 33.33 EPS for the current year.

Charter Communications Company Profile

(Get Free Report

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 internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.

See Also

Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

Receive News & Ratings for Charter Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Charter Communications and related companies with MarketBeat.com's FREE daily email newsletter.