Charter Communications, Inc. (NASDAQ:CHTR) Given Average Recommendation of “Reduce” by Brokerages

Charter Communications, Inc. (NASDAQ:CHTR) has received a consensus rating of “Reduce” from the twenty analysts that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $290.3750.

CHTR has been the topic of a number of research reports. Citigroup decreased their price objective on Charter Communications from $290.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. Zacks Research raised Charter Communications from a “strong sell” rating to a “hold” rating in a report on Monday, February 16th. JPMorgan Chase & Co. initiated coverage on Charter Communications in a report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 price objective on the stock. Finally, Royal Bank Of Canada decreased their price objective on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating on the stock in a report on Monday, April 27th.

Charter Communications Stock Up 2.4%

CHTR stock opened at $135.37 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.56. The firm has a market capitalization of $16.65 billion, a PE ratio of 3.66, a PEG ratio of 0.23 and a beta of 0.71. Charter Communications has a 1-year low of $126.70 and a 1-year high of $422.29. The business’s 50 day simple moving average is $178.11 and its 200 day simple moving average is $200.44.

Charter Communications (NASDAQ:CHTR) last issued its quarterly earnings data on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a net margin of 9.03% and a return on equity of 24.20%. The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.56 billion. During the same period in the prior year, the company earned $8.42 earnings per share. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Charter Communications will post 43 EPS for the current year.

Insider Transactions at Charter Communications

In related news, CEO Christopher L. Winfrey bought 3,468 shares of Charter Communications stock in a transaction dated Tuesday, April 28th. The shares were bought at an average cost of $172.23 per share, with a total value of $597,293.64. Following the acquisition, the chief executive officer owned 74,409 shares in the company, valued at $12,815,462.07. This trade represents a 4.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Balan Nair bought 1,000 shares of Charter Communications stock in a transaction dated Tuesday, April 28th. The shares were bought at an average cost of $175.46 per share, for a total transaction of $175,460.00. Following the completion of the acquisition, the director owned 12,029 shares in the company, valued at $2,110,608.34. This represents a 9.07% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 20,125 shares of company stock worth $3,167,116. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of Charter Communications

Several large investors have recently modified their holdings of CHTR. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Charter Communications during the 1st quarter worth $25,000. Quarry LP grew its holdings in shares of Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Charter Communications during the 4th quarter worth $25,000. DV Equities LLC acquired a new stake in shares of Charter Communications during the 4th quarter worth $25,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock worth $35,000 after purchasing an additional 55 shares in the last quarter. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Company Profile

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.