Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned a consensus recommendation of “Buy” from the twenty-four research firms that are covering the firm. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $321.28.
CHTR has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Charter Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 4th. Macquarie restated a “buy” rating and issued a $317.00 target price on shares of Charter Communications in a research note on Sunday, January 8th. HSBC Holdings plc started coverage on shares of Charter Communications in a report on Thursday, January 19th. They issued a “hold” rating and a $270.00 price target for the company. Guggenheim increased their price target on shares of Charter Communications from $305.00 to $360.00 and gave the company a “buy” rating in a report on Monday, February 13th. Finally, Pivotal Research increased their price target on shares of Charter Communications from $350.00 to $400.00 and gave the company a “buy” rating in a report on Thursday, February 16th.
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Charter Communications (NASDAQ:CHTR) traded up 0.91% on Tuesday, hitting $336.64. 680,095 shares of the company’s stock traded hands. The stock has a market cap of $90.52 billion, a PE ratio of 21.11 and a beta of 1.04. The stock has a 50-day moving average of $326.73 and a 200-day moving average of $297.03. Charter Communications has a one year low of $193.77 and a one year high of $341.50.
Charter Communications (NASDAQ:CHTR) last released its earnings results on Thursday, February 16th. The company reported $1.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.61. Charter Communications had a net margin of 13.87% and a return on equity of 0.62%. The company earned $10.28 billion during the quarter, compared to analysts’ expectations of $10.23 billion. During the same quarter last year, the business earned ($1.09) EPS. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that Charter Communications will post $0.60 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its stake in Charter Communications by 322.5% in the third quarter. Meeder Asset Management Inc. now owns 2,028 shares of the company’s stock worth $547,000 after buying an additional 1,548 shares in the last quarter. CIBC Asset Management Inc raised its stake in Charter Communications by 62.5% in the third quarter. CIBC Asset Management Inc now owns 27,799 shares of the company’s stock worth $7,505,000 after buying an additional 10,689 shares in the last quarter. Bank of Montreal Can raised its stake in Charter Communications by 63.4% in the third quarter. Bank of Montreal Can now owns 90,309 shares of the company’s stock worth $24,381,000 after buying an additional 35,040 shares in the last quarter. MAI Capital Management raised its stake in Charter Communications by 7.8% in the third quarter. MAI Capital Management now owns 4,380 shares of the company’s stock worth $1,183,000 after buying an additional 318 shares in the last quarter. Finally, New Mexico Educational Retirement Board purchased a new stake in Charter Communications during the third quarter worth about $5,912,000. 79.53% of the stock is currently owned by hedge funds and other institutional investors.
Charter Communications Company Profile
Charter Communications, Inc (Charter) is a provider of cable services, offering various entertainments, information and communications solutions to residential and commercial customers. The Company’s services include Video Services, Internet Services, Voice Services, Commercial Services and Advertising Services.
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