Charter Communications, Inc. (NASDAQ:CHTR) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Charter Communications, Inc. (NASDAQ:CHTR) have been assigned an average rating of “Reduce” from the twenty brokerages that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $290.3750.

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Charter Communications in a report on Friday, March 27th. Royal Bank Of Canada dropped their target price on Charter Communications from $250.00 to $220.00 and set a “sector perform” rating for the company in a report on Monday, April 27th. JPMorgan Chase & Co. assumed coverage on Charter Communications in a report on Wednesday, April 29th. They issued a “neutral” rating and a $215.00 target price for the company. New Street Research dropped their target price on Charter Communications from $328.00 to $302.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. Finally, Benchmark dropped their target price on Charter Communications from $455.00 to $435.00 and set a “buy” rating for the company in a report on Thursday, April 23rd.

Insider Transactions at Charter Communications

In related news, Director Balan Nair bought 1,000 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was purchased at an average price of $175.46 per share, for a total transaction of $175,460.00. Following the acquisition, the director owned 12,029 shares in the company, valued at $2,110,608.34. This trade represents a 9.07% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher L. Winfrey acquired 3,468 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were acquired at an average price of $172.23 per share, with a total value of $597,293.64. Following the acquisition, the chief executive officer owned 74,409 shares in the company, valued at $12,815,462.07. This trade represents a 4.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 20,125 shares of company stock worth $3,167,116. 1.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Charter Communications

Large investors have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC purchased a new position in Charter Communications during the 1st quarter valued at $25,000. Quarry LP boosted its holdings in Charter Communications by 153.2% during the 4th quarter. Quarry LP now owns 119 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares during the period. Altshuler Shaham Ltd purchased a new position in Charter Communications during the 4th quarter valued at $25,000. DV Equities LLC purchased a new position in Charter Communications during the 4th quarter valued at $25,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Charter Communications by 141.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 94 shares of the company’s stock valued at $35,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 81.76% of the company’s stock.

Charter Communications Stock Performance

NASDAQ CHTR opened at $132.12 on Wednesday. The stock has a market capitalization of $16.25 billion, a PE ratio of 3.57, a P/E/G ratio of 0.23 and a beta of 0.72. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.40. The business has a 50 day simple moving average of $181.51 and a two-hundred day simple moving average of $201.33. Charter Communications has a 1-year low of $126.70 and a 1-year high of $422.29.

Charter Communications (NASDAQ:CHTR) last announced its earnings results on Friday, April 24th. The company reported $9.17 EPS for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). The company had revenue of $13.60 billion during the quarter, compared to analysts’ expectations of $13.56 billion. Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.Charter Communications’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $8.42 EPS. On average, research analysts predict that Charter Communications will post 43 EPS for the current fiscal year.

About Charter Communications

Charter Communications, Inc is a U.S.-based telecommunications and mass media company that provides broadband communications and video services to residential and business customers. Operating primarily under the Spectrum brand, the company offers high-speed internet, cable television, digital voice (phone) and wireless services, as well as managed and enterprise networking solutions for commercial customers. Charter’s service portfolio targets both consumer and business markets with bundled and standalone offerings designed to meet streaming, connectivity and communications needs.

The company’s consumer-facing products include Spectrum Internet, Spectrum TV and Spectrum Voice, while Spectrum Mobile provides wireless service through arrangements with national wireless carriers.