Saturday, 17 February, 2018

What do Analysts suggest for: Charter Communications, Inc. (NASDAQ:CHTR)

Sherri Watson | 17 February, 2017, 01:15

(CHTR) stock has proven to be much more bearish.

According to Zacks, "Charter Communications operates in a saturated multi-channel US video market". Moreover, the company faces stiff competition from online video streaming service providers as they provide an extremely cheap source of TV programming. Moreover, the company has a leveraged balance sheet. Inspite of all these headwinds, shares of Charter Communications have outshined the Zacks classified "Cable TV" industry's gain in the past one year.

In 2016, the cable company acquired Bright House Networks and Time Warner Cable. In the past quarter, Charter grew its residential customer base by about 250,000 and its contingent of small and medium-sized businesses by some 37,000. "The company has also forayed into wireless telecom service". The company's quarterly performance represents an optimistic momentum of 23.75 percent, with a surge of 5.18 percent in the stock price over the last one month. HSBC Holdings plc assumed coverage on shares of Charter Communications in a research report on Thursday, January 19th. The company presently has a consensus rating of Buy and an average target price of $296.86.

The performance week demonstrated a value of -0.42%. The stock's 50 day moving average price is $310.62 and its 200-day moving average price is $275.99. The company has a market capitalization of $88.01 billion, a price-to-earnings ratio of 29.88 and a beta of 1.04.

Residential segment: As of Dec 31, 2016, Charter Communications had 16.836 million video, 21.374 million high-speed Internet and 10.327 million voice customers.

Alphabet Inc. (NASDAQ:GOOG) share price Fell -0.18% to reach $818.98 during the last trading session. Jefferies Group also issued estimates for Charter Communications' Q2 2017 earnings at $1.16 EPS, Q3 2017 earnings at $0.77 EPS, Q4 2017 earnings at $1.38 EPS and FY2017 earnings at $4.31 EPS. The Return on Equity (ROE) value stands at 14.7%. The business had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $1.66 billion. The company's shares were closed at 325.18. Charter Communications's revenue for the quarter was up 309.7% compared to the same quarter a year ago. 1 Analysts reported that the Price Target for Charter Communications, Inc. might touch $0.5 high while the Average Price Target and Low price Target is $0.5 and $0.5 respectively. Riverhead Capital Management LLC purchased a new position in Charter Communications during the third quarter valued at $189,000.

Charter Communications, expected* to report earnings on 02/16/2017 before market open.

For the year, the company reported net income of $3.52 billion, or $15.94 per share, swinging to a profit in the period. California Public Employees Retirement System boosted its stake in Charter Communications by 155.9% in the second quarter.

The Relative Volume of the company is 0.63 and Average Volume (3 months) is 1.73 million.

At the end of 2016, Charter Communications had $1,535 million of cash and cash equivalents and $61,747 million of outstanding debt compared with $5 million and $35,723 million, respectively, at the end of 2015. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Charter Communications, Inc., through its subsidiaries, provides cable services in the United States.