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

Charter Communications Inc (NASDAQ:CHTR) has earned an average recommendation of “Hold” from the twenty brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $417.53.

Several analysts have commented on CHTR shares. BidaskClub raised shares of Charter Communications from a “sell” rating to a “hold” rating in a research report on Tuesday. Rosenblatt Securities reissued a “buy” rating and issued a $480.00 target price on shares of Charter Communications in a research report on Monday, July 29th. Macquarie started coverage on shares of Charter Communications in a research report on Wednesday, June 19th. They issued a “hold” rating and a $390.00 target price for the company. Cowen boosted their target price on shares of Charter Communications from $413.00 to $433.00 and gave the stock an “in-line” rating in a research report on Monday, July 29th. Finally, Morgan Stanley boosted their target price on shares of Charter Communications from $420.00 to $450.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th.

Charter Communications stock traded down $5.53 during trading hours on Friday, hitting $385.51. The company had a trading volume of 946,272 shares, compared to its average volume of 1,432,457. The firm has a market capitalization of $86.85 billion, a P/E ratio of 73.85, a price-to-earnings-growth ratio of 1.35 and a beta of 1.23. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.34 and a quick ratio of 0.34. The firm’s fifty day moving average is $395.32 and its 200-day moving average is $373.21. Charter Communications has a fifty-two week low of $272.91 and a fifty-two week high of $417.13.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.40). The business had revenue of $11.35 billion during the quarter, compared to the consensus estimate of $11.40 billion. Charter Communications had a return on equity of 3.08% and a net margin of 3.04%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 earnings per share. Analysts anticipate that Charter Communications will post 6.91 earnings per share for the current year.

In related news, Director Lance Conn sold 927 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $400.00, for a total transaction of $370,800.00. Following the completion of the sale, the director now directly owns 9,552 shares of the company’s stock, valued at approximately $3,820,800. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Craig A. Jacobson sold 1,000 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $389.78, for a total transaction of $389,780.00. Following the sale, the director now directly owns 11,773 shares of the company’s stock, valued at $4,588,879.94. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Charter Communications during the 2nd quarter worth $34,000. Rational Advisors LLC raised its stake in Charter Communications by 230.3% during the 1st quarter. Rational Advisors LLC now owns 109 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares during the last quarter. TCG Advisors LP acquired a new position in Charter Communications during the 1st quarter valued at $42,000. Ibex Wealth Advisors acquired a new position in Charter Communications during the 2nd quarter valued at $49,000. Finally, Contravisory Investment Management Inc. acquired a new position in Charter Communications during the 2nd quarter valued at $66,000. 72.14% 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, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

See Also: What is a Special Dividend?

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.