Charter Communications, Inc. (NASDAQ:CHTR) Given Average Rating of “Hold” by Analysts

Charter Communications, Inc. (NASDAQ:CHTR) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $380.80.

A number of analysts have recently commented on CHTR shares. Sanford C. Bernstein raised Charter Communications from a “market perform” rating to an “outperform” rating and set a $370.00 price target for the company in a research note on Monday, March 18th. Wells Fargo & Company decreased their price objective on Charter Communications from $340.00 to $290.00 and set an “equal weight” rating for the company in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Charter Communications from $375.00 to $320.00 and set a “hold” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. decreased their price objective on Charter Communications from $370.00 to $335.00 and set a “neutral” rating for the company in a research report on Monday, April 1st. Finally, Rosenblatt Securities decreased their price objective on Charter Communications from $334.00 to $297.00 and set a “neutral” rating for the company in a research report on Monday.

Hedge Funds Weigh In On Charter Communications

A number of large investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its stake in shares of Charter Communications by 9.7% during the 3rd quarter. AQR Capital Management LLC now owns 14,782 shares of the company’s stock worth $6,501,000 after purchasing an additional 1,311 shares in the last quarter. River Road Asset Management LLC bought a new stake in shares of Charter Communications during the 3rd quarter worth approximately $29,948,000. Graham Capital Management L.P. raised its stake in shares of Charter Communications by 354.7% during the 3rd quarter. Graham Capital Management L.P. now owns 15,133 shares of the company’s stock worth $6,656,000 after purchasing an additional 11,805 shares in the last quarter. DigitalBridge Group Inc. bought a new stake in shares of Charter Communications during the 3rd quarter worth approximately $16,411,000. Finally, Kinetic Partners Management LP raised its stake in shares of Charter Communications by 51.3% during the 3rd quarter. Kinetic Partners Management LP now owns 177,801 shares of the company’s stock worth $78,200,000 after purchasing an additional 60,300 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

Charter Communications Stock Performance

Shares of CHTR stock opened at $259.91 on Friday. The company has a debt-to-equity ratio of 6.51, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $37.75 billion, a PE ratio of 8.66, a price-to-earnings-growth ratio of 0.43 and a beta of 0.96. The stock has a 50-day moving average of $284.78 and a 200-day moving average of $355.31. Charter Communications has a one year low of $254.31 and a one year high of $458.30.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, February 2nd. The company reported $7.07 EPS for the quarter, missing analysts’ consensus estimates of $8.76 by ($1.69). The company had revenue of $13.71 billion during the quarter, compared to the consensus estimate of $13.70 billion. Charter Communications had a net margin of 8.35% and a return on equity of 32.32%. The business’s revenue was up .3% compared to the same quarter last year. During the same period last year, the company earned $7.69 earnings per share. As a group, sell-side analysts expect that Charter Communications will post 32.58 earnings per share for the current year.

About Charter Communications

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.