Charter Communications, Inc. (NASDAQ:CHTR – Get Rating) – Analysts at KeyCorp increased their estimates of earnings per share for the third quarter of 2022 for Charter Communications shares in a report published on Tuesday, August. KeyCorp analyst B. Nispel now expects the company to earn $7.97 per share for the quarter, up from its previous estimate of $7.88. KeyCorp currently has an Overweight rating and a price target of $592.00 on the stock. The consensus estimate for Charter Communications’ most recent full-year earnings is $31.15 per share. KeyCorp also released estimates for Charter Communications’ fourth quarter 2022 earnings of $9.19 per share and fiscal 2022 of $32.87 per share.
Charter Communications (NASDAQ:CHTR – Get Rating) last released its quarterly earnings results on Friday, July 10th. The company reported earnings per share (EPS) of $8.80 for the quarter, beating the consensus estimate of $6.82 by $1.98. The company had revenue of $13.60 billion in the quarter, compared to analyst estimates of $13.42 billion. Charter Communications had a return on equity of 31.83% and a net margin of 10.35%. The company’s revenue increased 6.2% compared to the prior-year quarter. In the same period last year, the company posted $5.29 per share.
A number of other research analysts also recently commented on the company. TheStreet downgraded Charter Communications from a “b-” rating to a “c+” rating in a research note on Monday 16 May. Bank of America downgraded Charter Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 3. Credit Suisse Group lowered its target price on Charter Communications to $676.00 in a research note on Tuesday, August 9. Deutsche Bank Aktiengesellschaft has lowered its price target on Charter Communications to $550.00 from $575.00 and issued a research note with a “hold” rating on the company on Monday, August 1st. Finally, Pivotal Research lowered its target price on Charter Communications from $585.00 to $560.00 in a research note on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Charter Communications currently has an average rating of Hold and a consensus price target of $623.42.
Price development for charter communication
Shares of CHTR opened at $429.18 on Thursday. The company has a market cap of $68.95 billion, a P/E of 13.79, a PEG ratio of 0.44 and a beta of 0.91. The stock has a 50-day moving average price of $461.14 and a 200-day moving average price of $507.14. The company has a gearing ratio of 6.99, a current ratio of 0.33 and a quick ratio of 0.33. Charter Communications has a 12-month low of $407.75 and a 12-month high of $825.62.
Institutional Investors Comment on Charter Communications
Several hedge funds have recently changed their stock holdings. Masso Torrence Wealth Management Inc. acquired a new interest in Charter Communications valued at approximately $26,000 during the fourth quarter. Bivin & Associates Inc. acquired a new interest in Charter Communications for approximately $26,000 during the fourth quarter. Elequin Capital LP acquired a new interest in Charter Communications valued at approximately $26,000 during the first quarter. MCF Advisors LLC acquired a new interest in Charter Communications valued at approximately $32,000 during the first quarter. Finally, in Q2, Prentice Wealth Management LLC acquired a new stake in Charter Communications valued at approximately $33,000. 83.63% of the shares are owned by hedge funds and other institutional investors.
Charter Communications Company Profile
Charter Communications, Inc operates as a broadband connectivity and cable network operator serving residential and commercial customers throughout the United States. The company offers subscription-based video services including video-on-demand, high definition television, digital video recorders and pay-per-view services.
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