Charter Communications, Inc. (NASDAQ:CHTR) has received an average rating of “Hold” from 22 analysts monitoring the stock, according to recent reports. The assessments include six analysts recommending a sell, ten advising a hold, and six suggesting a buy. The one-year average price target from brokers updated in the past year stands at $335.67.
Recent insights from analysts highlight varying price targets for Charter Communications. A report from Weiss Ratings maintained a “sell (d+)” rating, while the Royal Bank of Canada lowered its price target from $265 to $240, categorizing the stock as a “sector perform.” Conversely, UBS Group set a higher price objective of $425, and TD Cowen raised their target from $428 to $437, giving the company a “buy” rating. Wells Fargo also revised its price target upwards from $180 to $200, while labeling the stock as “underweight.”
On the trading front, Charter’s shares saw a slight decline of 0.6%, opening at $230.16. Key financial metrics include a quick ratio of 0.39, a current ratio of 0.39, and a notable debt-to-equity ratio of 4.65. The company, boasting a market capitalization of $29.15 billion, exhibits a P/E ratio of 6.34, and has fluctuated between a 12-month low of $180.38 and a high of $437.06.
In its most recent earnings announcement on January 30, Charter reported earnings per share (EPS) of $10.34 for the quarter, falling short of analysts’ expectations of $10.40. The company’s revenue for the quarter totaled $13.60 billion, below the projected $13.73 billion. With a return on equity of 24.63% and a net margin of 9.10%, Charter’s revenue indicated a year-over-year decline of 2.3%. Analysts predict that Charter will achieve an EPS of 38.16 for the current fiscal year.
In terms of institutional holdings, significant changes have been noted recently. Capital Research Global Investors increased its stake by a remarkable 304.9%, now owning 4,815,422 shares valued at over $1 billion. Norges Bank also made a notable entry in the second quarter, acquiring a new stake worth approximately $1.15 billion. Other institutional investors like Dodge & Cox, Voyager Global Management, and First Eagle Investment Management have similarly expanded their positions, underscoring strong institutional interest in the stock.
Charter Communications operates predominantly under the Spectrum brand, offering a robust suite of services including broadband communications, video, cable television, digital voice, and wireless services to both residential and business clients. The comprehensive service portfolio targets diverse needs, providing effective solutions for streaming, connectivity, and communication.
As analysts and institutional investors continue to evaluate Charter Communications, the company’s resilient service offerings and potential market adjustments offer a cautiously optimistic outlook for its future performance.