Analysts Set Charter Communications, Inc. (NASDAQ:CHTR) Price Target at $384.42

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have earned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $384.42.

CHTR has been the topic of several research analyst reports. Citigroup raised shares of Charter Communications from a “sell” rating to a “neutral” rating and set a $350.00 target price on the stock in a research note on Wednesday, September 11th. Bank of America upgraded shares of Charter Communications from a “neutral” rating to a “buy” rating and raised their price objective for the company from $385.00 to $450.00 in a research note on Monday, November 4th. BNP Paribas upgraded Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft lifted their price target on Charter Communications from $340.00 to $365.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Finally, Barclays upped their price objective on Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a report on Monday, November 4th.

Charter Communications Stock Performance

Shares of NASDAQ CHTR opened at $342.77 on Wednesday. Charter Communications has a 12-month low of $236.08 and a 12-month high of $415.27. The company has a market cap of $48.74 billion, a PE ratio of 10.74, a P/E/G ratio of 0.60 and a beta of 1.08. The stock has a 50 day simple moving average of $372.81 and a 200-day simple moving average of $344.59. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 5.24.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.25 EPS. On average, equities research analysts forecast that Charter Communications will post 32.87 EPS for the current year.

Hedge Funds Weigh In On Charter Communications

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of Charter Communications by 4.9% in the third quarter. Franklin Resources Inc. now owns 3,179,454 shares of the company’s stock valued at $1,052,868,000 after purchasing an additional 148,003 shares in the last quarter. Pzena Investment Management LLC boosted its position in Charter Communications by 6.1% during the 2nd quarter. Pzena Investment Management LLC now owns 3,023,589 shares of the company’s stock worth $903,932,000 after acquiring an additional 175,130 shares during the period. Geode Capital Management LLC grew its stake in Charter Communications by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,432,231 shares of the company’s stock valued at $785,744,000 after acquiring an additional 13,430 shares in the last quarter. FMR LLC increased its holdings in shares of Charter Communications by 27.7% in the 3rd quarter. FMR LLC now owns 1,064,948 shares of the company’s stock valued at $345,128,000 after purchasing an additional 230,817 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Charter Communications by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 824,696 shares of the company’s stock worth $267,267,000 after purchasing an additional 7,008 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

About Charter Communications

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.