Charter Communications, Inc. (NASDAQ:CHTR) Receives $485.52 Consensus Target Price from Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) have been assigned a consensus rating of “Moderate Buy” from the twenty-six ratings firms that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $485.52.

Several analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Charter Communications from $340.00 to $410.00 and gave the company an “equal weight” rating in a report on Monday, January 30th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Charter Communications from $450.00 to $425.00 in a research report on Monday, January 30th. Truist Financial upgraded shares of Charter Communications from a “hold” rating to a “buy” rating and boosted their target price for the stock from $380.00 to $550.00 in a report on Thursday, January 5th. Evercore ISI reduced their target price on shares of Charter Communications to $500.00 in a report on Wednesday, December 14th. Finally, StockNews.com assumed coverage on Charter Communications in a report on Thursday. They issued a “hold” rating on the stock.

Charter Communications Stock Up 1.0 %

CHTR stock opened at $350.01 on Thursday. The firm’s 50-day moving average is $380.78 and its two-hundred day moving average is $364.62. The company has a market capitalization of $53.43 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 0.43 and a beta of 1.12. Charter Communications has a 52 week low of $297.66 and a 52 week high of $578.00. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 7.66.

Charter Communications (NASDAQ:CHTR – Get Rating) last announced its earnings results on Friday, January 27th. The company reported $7.69 EPS for the quarter, missing the consensus estimate of $8.03 by ($0.34). The firm had revenue of $13.67 billion for the quarter, compared to the consensus estimate of $13.73 billion. Charter Communications had a return on equity of 37.20% and a net margin of 9.36%. Charter Communications’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $8.93 EPS. On average, analysts forecast that Charter Communications will post 32.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Charter Communications

In related news, Director Steven A. Miron acquired 2,500 shares of the company’s stock in a transaction on Tuesday, January 31st. The shares were purchased at an average price of $384.35 per share, for a total transaction of $960,875.00. Following the purchase, the director now owns 9,173 shares in the company, valued at $3,525,642.55. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Chairman Thomas Rutledge sold 30,000 shares of Charter Communications stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $383.64, for a total transaction of $11,509,200.00. Following the completion of the sale, the chairman now directly owns 17,493 shares in the company, valued at approximately $6,711,014.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven A. Miron purchased 2,500 shares of the stock in a transaction that occurred on Tuesday, January 31st. The stock was purchased at an average cost of $384.35 per share, with a total value of $960,875.00. Following the purchase, the director now owns 9,173 shares in the company, valued at approximately $3,525,642.55. The disclosure for this purchase can be found here. Company insiders own 1.96% of the company’s stock.

Institutional Trading of Charter Communications

Institutional investors have recently added to or reduced their stakes in the business. Hexagon Capital Partners LLC raised its holdings in shares of Charter Communications by 72.9% during the 3rd quarter. Hexagon Capital Partners LLC now owns 83 shares of the company’s stock valued at $25,000 after purchasing an additional 35 shares in the last quarter. Ellevest Inc. increased its position in Charter Communications by 54.2% during the fourth quarter. Ellevest Inc. now owns 74 shares of the company’s stock worth $25,000 after buying an additional 26 shares during the last quarter. Accurate Wealth Management LLC bought a new position in Charter Communications during the fourth quarter valued at about $28,000. MCF Advisors LLC lifted its position in shares of Charter Communications by 69.5% in the third quarter. MCF Advisors LLC now owns 100 shares of the company’s stock worth $30,000 after buying an additional 41 shares during the last quarter. Finally, AM Squared Ltd bought a new stake in shares of Charter Communications during the 4th quarter worth about $34,000. 66.05% of the stock is currently owned by institutional investors and hedge funds.

About Charter Communications

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Charter Communications, Inc engages in the provision of broadband communications services. Its services include Spectrum TV, Spectrum Internet, and Spectrum Voice. The firm offers business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul.