Charter Communications (NASDAQ:CHTR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Charter Communications (NASDAQ:CHTR) had its price objective boosted by equities research analysts at Wells Fargo & Company from $101.00 to $103.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential downside of 12.28% from the stock’s current price.

A number of other analysts also recently issued reports on the stock. TD Cowen lowered their price objective on shares of Charter Communications from $413.00 to $380.00 and set a “buy” rating on the stock in a report on Monday, July 27th. Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 price objective on shares of Charter Communications in a research report on Monday, July 27th. Bank of America restated a “buy” rating on shares of Charter Communications in a report on Monday, July 27th. Arete Research raised shares of Charter Communications to a “strong sell” rating in a research report on Thursday, October 1st. Finally, Wolfe Research downgraded shares of Charter Communications from a “peer perform” rating to an “underperform” rating and set a $118.00 target price for the company. in a research report on Monday, September 14th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Charter Communications has an average rating of “Reduce” and a consensus price target of $200.29.

Charter Communications Stock Down 0.6%

Charter Communications stock traded down $0.65 during midday trading on Monday, reaching $117.42. The stock had a trading volume of 382,746 shares, compared to its average volume of 2,798,383. The stock has a market capitalization of $14.01 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 0.26 and a beta of 0.73. The firm’s fifty day simple moving average is $120.93 and its 200-day simple moving average is $163.33. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.36 and a current ratio of 0.37. Charter Communications has a 1-year low of $101.11 and a 1-year high of $254.11.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, November 6th. The company reported ($20.50) earnings per share for the quarter, missing analysts’ consensus estimates of $8.90 by ($29.40). Charter Communications had a return on equity of 27.11% and a net margin of 2.50%. The firm had revenue of $14.92 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period last year, the company earned $8.34 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. As a group, analysts expect that Charter Communications will post 41.43 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. increased its position in shares of Charter Communications by 3,624.4% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 60,224 shares of the company’s stock worth $6,679,000 after purchasing an additional 58,607 shares during the last quarter. Krilogy Financial LLC raised its stake in shares of Charter Communications by 278.6% during the 3rd quarter. Krilogy Financial LLC now owns 21,293 shares of the company’s stock worth $2,361,000 after purchasing an additional 15,669 shares in the last quarter. Polianta Ltd bought a new stake in shares of Charter Communications during the 2nd quarter worth approximately $1,777,000. Quantinno Capital Management LP raised its stake in shares of Charter Communications by 54.3% during the 1st quarter. Quantinno Capital Management LP now owns 45,828 shares of the company’s stock worth $9,893,000 after purchasing an additional 16,118 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Charter Communications in the second quarter valued at $3,637,000. 81.76% of the stock is owned by institutional investors and hedge funds.

Charter Communications Company Profile

Charter Communications, Inc provides broadband, video, voice and mobile services in the United States, primarily under its Spectrum brand. Its residential offerings include high-speed internet, television and home phone services, while its business services include connectivity, communications and managed solutions for organizations.

The company also offers Spectrum Mobile, a wireless service that complements its broadband business. Charter serves customers across a broad U.S. footprint, including communities where it provides services over its cable network.

Founded in 1993, Charter expanded significantly through its 2016 acquisitions of Time Warner Cable and Bright House Networks, bringing those operations under the Spectrum brand.