Charter Communications Inc (NASDAQ:CHTR) has received a consensus rating of “Buy” from the eighteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $397.33.

Several equities research analysts have recently commented on CHTR shares. Rosenblatt Securities started coverage on shares of Charter Communications in a research report on Thursday, June 13th. They set a “buy” rating and a $480.00 price target for the company. Morgan Stanley increased their target price on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. Citigroup started coverage on shares of Charter Communications in a report on Thursday, June 13th. They issued a “buy” rating and a $480.00 target price for the company. Macquarie started coverage on shares of Charter Communications in a report on Wednesday, June 19th. They issued a “hold” rating and a $390.00 target price for the company. Finally, TD Securities reduced their target price on shares of Kinder Morgan Canada from C$14.50 to C$12.50 and set a “hold” rating for the company in a report on Thursday, July 18th.

In other Charter Communications news, Director Craig A. Jacobson sold 1,325 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 12,773 shares in the company, valued at approximately $4,792,174.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lance Conn sold 927 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $400.00, for a total value of $370,800.00. Following the completion of the transaction, the director now owns 9,552 shares of the company’s stock, valued at $3,820,800. The disclosure for this sale can be found here. Corporate insiders own 0.84% of the company’s stock.

A number of hedge funds have recently bought and sold shares of CHTR. Harel Insurance Investments & Financial Services Ltd. bought a new position in Charter Communications in the 2nd quarter worth approximately $34,000. Rational Advisors LLC boosted its stake in Charter Communications by 230.3% in the 1st quarter. Rational Advisors LLC now owns 109 shares of the company’s stock worth $38,000 after purchasing an additional 76 shares during the period. TCG Advisors LP bought a new position in Charter Communications in the 1st quarter worth approximately $42,000. Huntington National Bank boosted its stake in Charter Communications by 31.1% in the 1st quarter. Huntington National Bank now owns 135 shares of the company’s stock worth $47,000 after purchasing an additional 32 shares during the period. Finally, Massey Quick Simon & CO. LLC boosted its stake in Charter Communications by 60.2% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 165 shares of the company’s stock worth $57,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 71.92% of the company’s stock.

Shares of NASDAQ CHTR traded down $6.71 during midday trading on Tuesday, hitting $398.79. 1,608,343 shares of the company’s stock traded hands, compared to its average volume of 784,320. Charter Communications has a 1 year low of $272.91 and a 1 year high of $417.13. The stock has a market capitalization of $89.09 billion, a PE ratio of 76.40, a price-to-earnings-growth ratio of 1.30 and a beta of 1.24. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.31 and a quick ratio of 0.31. The company has a fifty day moving average price of $400.38.

Charter Communications (NASDAQ:CHTR) last released its quarterly earnings results on Friday, July 26th. The company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.79 by ($0.40). Charter Communications had a net margin of 2.98% and a return on equity of 2.94%. The business had revenue of $11.35 billion for the quarter, compared to analysts’ expectations of $11.40 billion. During the same period in the previous year, the company earned $1.15 EPS. Charter Communications’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, analysts predict that Charter Communications will post 7.1 EPS for the current 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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