Brokerages Set Charter Communications Inc (CHTR) PT at $365.15

Charter Communications Inc (NASDAQ:CHTR) has been given a consensus recommendation of “Buy” by the eighteen ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $365.15.

A number of research analysts recently issued reports on the company. UBS Group lifted their price target on Charter Communications from $383.00 to $421.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. Macquarie cut Charter Communications from an “outperform” rating to a “neutral” rating in a report on Tuesday, April 9th. They noted that the move was a valuation call. Royal Bank of Canada cut Charter Communications from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $400.00 to $375.00 in a report on Friday, March 29th. BidaskClub raised Charter Communications from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Finally, ValuEngine raised Charter Communications from a “hold” rating to a “buy” rating in a report on Tuesday, May 14th.

In related news, Director Craig A. Jacobson sold 1,325 shares of Charter Communications stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $375.18, for a total value of $497,113.50. Following the completion of the sale, the director now directly owns 12,773 shares in the company, valued at $4,792,174.14. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.84% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the stock. We Are One Seven LLC acquired a new stake in shares of Charter Communications in the 4th quarter valued at $26,000. Oppenheimer Asset Management Inc. acquired a new stake in Charter Communications during the 4th quarter worth $75,000. Trust Co. of Vermont raised its stake in Charter Communications by 43.3% during the 4th quarter. Trust Co. of Vermont now owns 278 shares of the company’s stock worth $79,000 after acquiring an additional 84 shares in the last quarter. Fosun International Ltd acquired a new stake in Charter Communications during the 4th quarter worth $228,000. Finally, Advisors Asset Management Inc. raised its stake in Charter Communications by 12.8% during the 4th quarter. Advisors Asset Management Inc. now owns 50,840 shares of the company’s stock worth $14,488,000 after acquiring an additional 5,754 shares in the last quarter. Hedge funds and other institutional investors own 71.91% of the company’s stock.

Charter Communications stock opened at $384.62 on Monday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31. Charter Communications has a 12-month low of $266.00 and a 12-month high of $392.14. The stock has a market capitalization of $86.61 billion, a P/E ratio of 73.68, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Tuesday, April 30th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.23). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.20 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, sell-side analysts predict that Charter Communications will post 7.2 EPS for the current fiscal year.

Charter Communications Company Profile

Charter Communications, Inc, through its subsidiaries, provides cable services to residential and commercial customers in the United States. It offers subscription-based video services, including video on demand, high definition television, digital video recorder, pay-per-view, and spectrum mobile and spectrum guide services, as well as ad-supported free online video products.

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Analyst Recommendations for Charter Communications (NASDAQ:CHTR)

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