Brokerages Set Charter Communications, Inc. (NASDAQ:CHTR) PT at $383.89

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned a consensus recommendation of “Hold” from the twenty brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $383.89.

CHTR has been the topic of a number of recent research reports. BNP Paribas raised Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price on the stock in a research report on Tuesday, November 26th. Bank of America raised Charter Communications from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $385.00 to $450.00 in a research report on Monday, November 4th. Benchmark lifted their price objective on Charter Communications from $440.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. lifted their price objective on Charter Communications from $385.00 to $400.00 and gave the company a “neutral” rating in a report on Monday, November 4th. Finally, KeyCorp raised Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price objective on the stock in a report on Thursday, December 12th.

Charter Communications Trading Up 2.1 %

Shares of NASDAQ:CHTR opened at $367.58 on Friday. The company has a market cap of $52.27 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.46 and a beta of 1.10. The stock’s 50-day moving average is $366.41 and its 200-day moving average is $351.07. Charter Communications has a 52-week low of $236.08 and a 52-week high of $415.27. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, November 1st. The company reported $8.82 earnings per share 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 business had revenue of $13.80 billion for the quarter, compared to the consensus estimate of $13.66 billion. During the same period last year, the business earned $8.25 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts predict that Charter Communications will post 34.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CHTR. Mercer Global Advisors Inc. ADV raised its position in shares of Charter Communications by 8.2% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 3,712 shares of the company’s stock valued at $1,110,000 after acquiring an additional 282 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Charter Communications by 6.6% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,515 shares of the company’s stock valued at $453,000 after buying an additional 94 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Charter Communications by 12.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 9,504 shares of the company’s stock worth $2,841,000 after purchasing an additional 1,026 shares during the period. Intech Investment Management LLC boosted its stake in Charter Communications by 150.8% in the 2nd quarter. Intech Investment Management LLC now owns 1,936 shares of the company’s stock worth $579,000 after purchasing an additional 1,164 shares during the period. Finally, Sei Investments Co. boosted its stake in Charter Communications by 21.0% in the 2nd quarter. Sei Investments Co. now owns 154,329 shares of the company’s stock worth $46,139,000 after purchasing an additional 26,800 shares during the period. Institutional investors own 81.76% of the company’s stock.

Charter Communications Company Profile

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.