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

Charter Communications, Inc. (NASDAQ:CHTR) has earned a consensus recommendation of “Reduce” from the twenty research firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $329.5625.

CHTR has been the subject of several analyst reports. BNP Paribas Exane cut their price target on shares of Charter Communications from $255.00 to $200.00 and set an “underperform” rating for the company in a report on Tuesday, November 4th. Citigroup dropped their target price on Charter Communications from $325.00 to $310.00 and set a “buy” rating on the stock in a research report on Monday, November 3rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Charter Communications in a report on Monday. Royal Bank Of Canada decreased their price target on Charter Communications from $325.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Monday, November 3rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $280.00 price objective (down previously from $350.00) on shares of Charter Communications in a report on Monday, November 3rd.

Charter Communications Stock Performance

NASDAQ:CHTR opened at $211.29 on Wednesday. The company has a debt-to-equity ratio of 4.89, a current ratio of 0.37 and a quick ratio of 0.37. The firm has a market cap of $27.34 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.67 and a beta of 1.06. The firm’s fifty day moving average price is $222.73 and its 200 day moving average price is $287.18. Charter Communications has a 1-year low of $193.00 and a 1-year high of $437.06.

Charter Communications (NASDAQ:CHTR) last released its earnings results on Friday, October 31st. The company reported $8.34 EPS for the quarter, missing the consensus estimate of $9.66 by ($1.32). The firm had revenue of $13.67 billion during the quarter, compared to analyst estimates of $13.76 billion. Charter Communications had a return on equity of 25.55% and a net margin of 9.29%.The firm’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $8.82 EPS. On average, sell-side analysts expect that Charter Communications will post 38.16 EPS for the current year.

Insider Buying and Selling at Charter Communications

In other news, Director David C. Merritt sold 1,200 shares of the stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $226.18, for a total value of $271,416.00. Following the completion of the transaction, the director owned 10,146 shares in the company, valued at $2,294,822.28. This trade represents a 10.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CHTR. Dodge & Cox boosted its stake in shares of Charter Communications by 6.1% during the 3rd quarter. Dodge & Cox now owns 11,807,549 shares of the company’s stock worth $3,248,316,000 after acquiring an additional 681,063 shares in the last quarter. Vanguard Group Inc. raised its holdings in Charter Communications by 13.7% during the third quarter. Vanguard Group Inc. now owns 9,362,352 shares of the company’s stock worth $2,575,630,000 after purchasing an additional 1,130,648 shares during the last quarter. State Street Corp boosted its position in Charter Communications by 22.7% during the third quarter. State Street Corp now owns 7,961,695 shares of the company’s stock worth $2,190,302,000 after purchasing an additional 1,475,383 shares in the last quarter. Norges Bank acquired a new stake in Charter Communications in the second quarter valued at $1,145,387,000. Finally, Geode Capital Management LLC increased its position in shares of Charter Communications by 1.6% in the second quarter. Geode Capital Management LLC now owns 2,595,167 shares of the company’s stock valued at $1,056,800,000 after buying an additional 41,206 shares in the last quarter. 81.76% of the stock is owned by hedge funds and other institutional investors.

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.