Brokerages Set Charter Communications Inc (CHTR) Price Target at $364.25

Shares of Charter Communications Inc (NASDAQ:CHTR) have received an average rating of “Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $364.25.

CHTR has been the subject of a number of analyst reports. Macquarie reaffirmed a “buy” rating and issued a $355.00 price target on shares of Charter Communications in a report on Wednesday, September 12th. Barclays set a $259.00 price target on shares of Charter Communications and gave the company a “sell” rating in a report on Wednesday, October 10th. ValuEngine downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Thursday, July 19th. Zacks Investment Research downgraded shares of Charter Communications from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Finally, BidaskClub raised shares of Charter Communications from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th.

Shares of NASDAQ:CHTR traded down $19.80 during trading on Friday, reaching $295.01. The company’s stock had a trading volume of 4,569,032 shares, compared to its average volume of 1,373,711. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 1.46. Charter Communications has a 12 month low of $250.10 and a 12 month high of $396.64. The company has a market cap of $68.40 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 1.78 and a beta of 1.20.



Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, October 26th. The company reported $2.11 EPS for the quarter, beating the Zacks’ consensus estimate of $1.05 by $1.06. Charter Communications had a net margin of 23.59% and a return on equity of 1.45%. The firm had revenue of $10.89 billion during the quarter, compared to the consensus estimate of $10.93 billion. During the same quarter last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. As a group, equities analysts forecast that Charter Communications will post 4.35 EPS for the current year.

In other Charter Communications news, EVP Richard R. Dykhouse sold 2,101 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $296.52, for a total value of $622,988.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.83% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clearline Capital LP bought a new stake in Charter Communications in the second quarter worth about $1,200,000. TD Asset Management Inc. lifted its stake in Charter Communications by 4.0% in the second quarter. TD Asset Management Inc. now owns 99,613 shares of the company’s stock worth $29,208,000 after purchasing an additional 3,798 shares during the last quarter. Calamos Advisors LLC lifted its stake in Charter Communications by 13.4% in the second quarter. Calamos Advisors LLC now owns 18,046 shares of the company’s stock worth $5,291,000 after purchasing an additional 2,133 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Charter Communications by 14,134.7% in the second quarter. Tower Research Capital LLC TRC now owns 28,754 shares of the company’s stock worth $8,431,000 after purchasing an additional 28,552 shares during the last quarter. Finally, Price Wealth Management Inc. lifted its stake in Charter Communications by 33.4% in the second quarter. Price Wealth Management Inc. now owns 3,768 shares of the company’s stock worth $1,105,000 after purchasing an additional 944 shares during the last quarter. 71.14% of the stock is owned by institutional investors and hedge funds.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, spectrum guide services, and a package of basic video programming, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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