Charter Communications (NASDAQ:CHTR) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Charter Communications (NASDAQ:CHTR) in a research report released on Wednesday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $215.00 target price on the stock.

Other analysts have also issued research reports about the company. The Goldman Sachs Group lowered their target price on Charter Communications from $210.00 to $185.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. UBS Group set a $425.00 target price on Charter Communications in a report on Thursday, January 29th. TD Cowen upped their target price on Charter Communications from $428.00 to $437.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Wells Fargo & Company upped their target price on Charter Communications from $180.00 to $200.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Finally, Williams Trading set a $437.00 target price on Charter Communications in a report on Monday, February 2nd. Six research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $315.67.

Charter Communications Trading Down 8.4%

Shares of CHTR stock opened at $158.65 on Wednesday. The business’s fifty day moving average price is $220.47 and its 200 day moving average price is $216.98. Charter Communications has a 1-year low of $158.42 and a 1-year high of $437.06. The firm has a market capitalization of $20.09 billion, a PE ratio of 4.28, a P/E/G ratio of 0.27 and a beta of 1.03. The company has a debt-to-equity ratio of 4.56, a current ratio of 0.40 and a quick ratio of 0.39.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings data on Friday, April 24th. The company reported $9.17 earnings per share for the quarter, missing analysts’ consensus estimates of $10.01 by ($0.84). Charter Communications had a return on equity of 24.20% and a net margin of 9.03%.The business had revenue of $13.60 billion for the quarter, compared to analyst estimates of $13.56 billion. During the same period in the prior year, the company earned $8.42 EPS. The company’s revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that Charter Communications will post 43.39 EPS for the current fiscal year.

Insider Activity

In related news, Director Wade Davis acquired 5,728 shares of Charter Communications stock in a transaction dated Tuesday, April 28th. The shares were acquired at an average cost of $173.72 per share, for a total transaction of $995,068.16. Following the completion of the transaction, the director directly owned 6,925 shares of the company’s stock, valued at $1,203,011. The trade was a 478.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Christopher L. Winfrey acquired 3,468 shares of Charter Communications stock in a transaction dated Tuesday, April 28th. The stock was bought at an average price of $172.23 per share, for a total transaction of $597,293.64. Following the completion of the transaction, the chief executive officer directly owned 74,409 shares of the company’s stock, valued at approximately $12,815,462.07. This represents a 4.89% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 10,196 shares of company stock worth $1,767,822 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Charter Communications

Several institutional investors and hedge funds have recently made changes to their positions in CHTR. Capital Research Global Investors lifted its position in shares of Charter Communications by 304.9% in the fourth quarter. Capital Research Global Investors now owns 4,815,422 shares of the company’s stock valued at $1,005,222,000 after acquiring an additional 3,626,135 shares in the last quarter. Dodge & Cox lifted its position in shares of Charter Communications by 23.7% in the fourth quarter. Dodge & Cox now owns 14,609,220 shares of the company’s stock valued at $3,049,675,000 after acquiring an additional 2,801,671 shares in the last quarter. Norges Bank purchased a new stake in shares of Charter Communications in the fourth quarter valued at $555,383,000. Voyager Global Management LP lifted its position in shares of Charter Communications by 1,380.0% in the fourth quarter. Voyager Global Management LP now owns 1,850,000 shares of the company’s stock valued at $386,188,000 after acquiring an additional 1,725,000 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Charter Communications by 119.6% in the fourth quarter. First Eagle Investment Management LLC now owns 2,969,507 shares of the company’s stock valued at $619,885,000 after acquiring an additional 1,617,148 shares in the last quarter. 81.76% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Charter Communications

Here are the key news stories impacting Charter Communications this week:

• Positive Sentiment: Insiders buying: CEO Christopher Winfrey purchased 3,468 shares (~$172.23 avg), and directors (including Wade Davis and Balan Nair) added stakes in late April — insider purchases can signal management’s confidence. Read More.
• Positive Sentiment: Contrarian bullish notes: a Seeking Alpha piece frames CHTR as a “cigar butt” opportunity — arguing hard?to?replicate network assets and eventual free?cash?flow recovery despite near?term pressure. Read More.
• Positive Sentiment: Opinion pieces pushing back against panic selling — coverage arguing investors are over?discounting bankruptcy risk may support a sentiment rebound. Read More.
• Neutral Sentiment: New coverage: JPMorgan started coverage with a Neutral rating and $215 PT (upside vs current levels), giving some benchmark for traders but not a clear buy signal. Read More.
• Neutral Sentiment: Industry context: Russell 1000 momentum notes could lift sector sentiment if broadband/video demand improves, but this is a macro/peer effect rather than company?specific. Read More.
• Negative Sentiment: Earnings miss and soft operating trends: Q1 EPS $9.17 vs. $10.01 expected; revenue $13.6B (down ~1% YoY) with residential video weakness — the miss directly hurt near?term sentiment and valuation. Read More.
• Negative Sentiment: Analyst price?target cuts and rating pressure this week (Deutsche Bank cut to $215 hold; Citi and others trimmed targets) — lowers upside expectations and increases selling pressure. Read More.
• Negative Sentiment: Balance?sheet / valuation concerns: high leverage (debt/equity ~4.6), stock trading well below 50/200?day averages and heavy debt load keep risk premia elevated despite a low reported P/E. Read More.

Charter Communications Company Profile

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.