Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Target Price at $384.42

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been assigned a consensus recommendation of “Hold” from the twenty brokerages that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $384.42.

Several analysts have recently commented on CHTR shares. Pivotal Research increased their price target on shares of Charter Communications from $435.00 to $525.00 and gave the company a “buy” rating in a research report on Monday, November 4th. JPMorgan Chase & Co. increased their target price on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Royal Bank of Canada boosted their price target on Charter Communications from $345.00 to $390.00 and gave the stock a “sector perform” rating in a report on Monday, November 4th. Wolfe Research lowered Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price objective on the stock. in a research note on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Charter Communications from $340.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, November 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CHTR. Oddo BHF Asset Management Sas acquired a new position in shares of Charter Communications in the 3rd quarter valued at approximately $1,345,000. Worldquant Millennium Advisors LLC increased its position in shares of Charter Communications by 193.8% in the 3rd quarter. Worldquant Millennium Advisors LLC now owns 40,092 shares of the company’s stock worth $12,993,000 after purchasing an additional 26,446 shares during the last quarter. Cornerstone Capital Inc. raised its stake in shares of Charter Communications by 40.7% in the 3rd quarter. Cornerstone Capital Inc. now owns 37,860 shares of the company’s stock valued at $12,270,000 after purchasing an additional 10,950 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Charter Communications by 4.9% during the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock worth $1,052,868,000 after purchasing an additional 148,003 shares during the last quarter. Finally, National Pension Service grew its stake in Charter Communications by 8.1% in the third quarter. National Pension Service now owns 172,013 shares of the company’s stock worth $55,746,000 after purchasing an additional 12,915 shares in the last quarter. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Price Performance

Shares of NASDAQ:CHTR opened at $348.65 on Wednesday. The firm has a market capitalization of $49.58 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The company has a debt-to-equity ratio of 5.24, a current ratio of 0.34 and a quick ratio of 0.34. The business’s 50 day simple moving average is $372.00 and its 200-day simple moving average is $343.64. Charter Communications has a 12 month low of $236.08 and a 12 month high of $415.27.

Charter Communications (NASDAQ:CHTR) last posted its earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The company had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same period in the previous year, the business earned $8.25 earnings per share. Charter Communications’s quarterly revenue was up 1.6% compared to the same quarter last year. As a group, equities analysts forecast that Charter Communications will post 32.87 earnings per share for the current fiscal 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.