Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) has received an average rating of “Hold” from the twenty-four brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $584.29.
CHTR has been the subject of a number of research analyst reports. Pivotal Research decreased their price target on Charter Communications from $585.00 to $560.00 in a research report on Monday, August 1st. Argus downgraded Charter Communications from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. TD Securities raised their target price on Charter Communications from $670.00 to $680.00 and gave the stock a “buy” rating in a research report on Tuesday, August 2nd. Credit Suisse Group decreased their target price on Charter Communications to $676.00 in a research report on Tuesday, August 9th. Finally, TheStreet downgraded Charter Communications from a “b-” rating to a “c+” rating in a research report on Monday, May 16th.
Institutional Investors Weigh In On Charter Communications
Ad Tradewins
The Safest Option in Trades!
If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.
And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!
Several large investors have recently added to or reduced their stakes in CHTR. FMR LLC boosted its stake in Charter Communications by 364.7% during the second quarter. FMR LLC now owns 2,420,812 shares of the company’s stock valued at $1,134,223,000 after buying an additional 1,899,927 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Charter Communications by 67.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,189,146 shares of the company’s stock worth $2,285,264,000 after purchasing an additional 1,680,069 shares during the last quarter. Norges Bank bought a new stake in Charter Communications during the fourth quarter worth about $429,797,000. Renaissance Technologies LLC lifted its stake in Charter Communications by 462.8% during the first quarter. Renaissance Technologies LLC now owns 541,400 shares of the company’s stock worth $295,345,000 after purchasing an additional 445,200 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in Charter Communications by 51,943.8% during the first quarter. Aaron Wealth Advisors LLC now owns 407,503 shares of the company’s stock worth $747,000 after purchasing an additional 406,720 shares during the last quarter. Institutional investors own 83.63% of the company’s stock.
Charter Communications Stock Performance
Shares of CHTR opened at $425.77 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 6.99. The company has a market capitalization of $68.40 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.44 and a beta of 0.91. The stock has a 50 day moving average of $461.28 and a 200 day moving average of $504.67. Charter Communications has a 12 month low of $407.75 and a 12 month high of $825.62.
Charter Communications (NASDAQ:CHTR – Get Rating) last issued its quarterly earnings results on Friday, July 29th. The company reported $8.80 EPS for the quarter, beating analysts’ consensus estimates of $6.82 by $1.98. The company had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.42 billion. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. Charter Communications’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business posted $5.29 earnings per share. As a group, sell-side analysts forecast that Charter Communications will post 31.17 earnings per share for the current year.
Charter Communications Company Profile
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Charter Communications, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Charter Communications wasn’t on the list.
While Charter Communications currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: Charter Communications, Inc. (NASDAQ:CHTR) Given Consensus Rating of “Hold” by Analysts