Charter Communications (CHTR) to Release Quarterly Earnings on Friday

Charter Communications (NASDAQ:CHTRGet Free Report) is set to issue its 12/31/2023 quarterly earnings data before the market opens on Friday, February 2nd. Analysts expect the company to announce earnings of $8.93 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Charter Communications Price Performance

CHTR opened at $370.71 on Thursday. The company has a market capitalization of $54.84 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.55 and a beta of 1.06. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 6.50. The firm has a 50-day moving average price of $380.12 and a 200-day moving average price of $407.75. Charter Communications has a twelve month low of $315.02 and a twelve month high of $458.30.

Insider Activity

In other news, Chairman Thomas Rutledge sold 83,970 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $410.82, for a total value of $34,496,555.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Charter Communications

A number of institutional investors have recently made changes to their positions in CHTR. Harbour Investments Inc. raised its holdings in Charter Communications by 20.4% during the 3rd quarter. Harbour Investments Inc. now owns 165 shares of the company’s stock valued at $73,000 after buying an additional 28 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Charter Communications by 16.7% during the 2nd quarter. Sunbelt Securities Inc. now owns 224 shares of the company’s stock valued at $82,000 after buying an additional 32 shares during the last quarter. SRS Capital Advisors Inc. raised its holdings in Charter Communications by 6.7% during the 2nd quarter. SRS Capital Advisors Inc. now owns 556 shares of the company’s stock valued at $204,000 after buying an additional 35 shares during the last quarter. Cetera Investment Advisers raised its holdings in Charter Communications by 4.5% during the 1st quarter. Cetera Investment Advisers now owns 860 shares of the company’s stock valued at $469,000 after buying an additional 37 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in Charter Communications by 6.9% during the 3rd quarter. Diversified Trust Co now owns 606 shares of the company’s stock valued at $267,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Analyst Upgrades and Downgrades

CHTR has been the subject of a number of analyst reports. Benchmark cut their price objective on shares of Charter Communications from $575.00 to $490.00 and set a “buy” rating for the company in a research report on Wednesday, December 6th. StockNews.com initiated coverage on shares of Charter Communications in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Morgan Stanley cut their price objective on shares of Charter Communications from $500.00 to $475.00 and set an “equal weight” rating for the company in a research report on Monday, October 30th. Sanford C. Bernstein initiated coverage on shares of Charter Communications in a research report on Thursday, October 5th. They issued a “market perform” rating and a $463.00 price objective for the company. Finally, Rosenblatt Securities cut their price objective on shares of Charter Communications from $482.00 to $475.00 and set a “buy” rating for the company in a research report on Friday, December 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $462.20.

View Our Latest Stock Report on CHTR

Charter Communications Company Profile

(Get Free Report)

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; security suite that protects computers from viruses and spyware, and threats from malicious actors; 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.

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Earnings History for Charter Communications (NASDAQ:CHTR)

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