Charter Communications (NASDAQ:CHTR) Stock Gets Price Target Boost from Citigroup

by · The Markets Daily

Charter Communications (NASDAQ:CHTR – Get Free Report) had its price objective upped by Citigroup from $140.00 to $150.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup‘s price target points to a potential upside of 12.44% from the stock’s previous close.

Several other analysts have also recently commented on the company. Morgan Stanley reduced their price target on Charter Communications from $150.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, September 25th. Wells Fargo & Company upped their price objective on Charter Communications from $101.00 to $103.00 and gave the stock an “underweight” rating in a report on Monday. TD Cowen cut their price objective on Charter Communications from $372.00 to $345.00 and set a “buy” rating for the company in a research report on Monday. Arete Research upgraded Charter Communications to a “strong sell” rating in a research report on Thursday, October 1st. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $150.00 target price on shares of Charter Communications in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $193.41.

Get Our Latest Report on Charter Communications

Charter Communications Stock Performance

Shares of Charter Communications stock traded up $12.21 on Tuesday, reaching $133.41. 2,585,749 shares of the stock were exchanged, compared to its average volume of 2,812,541. Charter Communications has a 1-year low of $101.11 and a 1-year high of $254.11. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 4.32. The business has a fifty day moving average price of $120.29 and a two-hundred day moving average price of $163.00. The firm has a market capitalization of $15.91 billion, a PE ratio of 13.74, a PEG ratio of 0.25 and a beta of 0.73.

Charter Communications (NASDAQ:CHTR – Get Free Report) last announced its quarterly earnings data on Friday, November 6th. The company reported ($20.50) EPS for the quarter, missing analysts’ consensus estimates of $8.94 by ($29.44). Charter Communications had a net margin of 9.05% and a return on equity of 23.71%. The firm had revenue of $14.92 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same quarter in the previous year, the business earned $8.34 EPS. Charter Communications’s revenue for the quarter was up 9.1% on a year-over-year basis. As a group, research analysts anticipate that Charter Communications will post 41.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Charter Communications

A number of hedge funds and other institutional investors have recently modified their holdings of CHTR. Gabelli Funds LLC lifted its stake in shares of Charter Communications by 0.3% during the first quarter. Gabelli Funds LLC now owns 30,000 shares of the company’s stock valued at $6,476,000 after acquiring an additional 100 shares during the period. NewEdge Advisors LLC increased its position in Charter Communications by 6.3% in the first quarter. NewEdge Advisors LLC now owns 1,762 shares of the company’s stock worth $380,000 after purchasing an additional 104 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Charter Communications by 11.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,063 shares of the company’s stock worth $229,000 after purchasing an additional 112 shares during the last quarter. Glenmede Trust Co. NA raised its holdings in Charter Communications by 2.1% during the 1st quarter. Glenmede Trust Co. NA now owns 5,480 shares of the company’s stock worth $1,183,000 after purchasing an additional 113 shares during the last quarter. Finally, MCF Advisors LLC raised its holdings in Charter Communications by 106.5% during the 2nd quarter. MCF Advisors LLC now owns 223 shares of the company’s stock worth $32,000 after purchasing an additional 115 shares during the last quarter. 81.76% of the stock is currently owned by institutional investors and hedge funds.

Charter Communications News Summary

Here are the key news stories impacting Charter Communications this week:

  • Neutral Sentiment: Charter’s subsidiaries launched cash tender offers for as much as $1.5 billion of notes across eight series. The buybacks could help manage outstanding debt, though the announcement does not specify the final amount accepted or the effect on leverage. Charter Announces Tender Offers for Eight Series of Notes
  • Negative Sentiment: KeyCorp’s forecasts are notably below the provided consensus: it estimates $30.58 per share for FY2026 versus $41.43 consensus, and $15.09 for FY2027. The projections suggest analysts anticipate weaker earnings, potentially weighing on sentiment. The multiple reports repeat the same estimates. KeyCorp earnings estimates
  • Negative Sentiment: A recent earnings-call account frames Charter’s outlook as a “costly growth reset,” highlighting concern that pursuing growth may involve significant costs. Charter Communications Earnings Call Signals Costly Growth Reset
  • Negative Sentiment: Wells Fargo raised its price target slightly, from $101 to $103, but kept an “underweight” rating—still signaling downside in the firm’s view. Wells Fargo rating and price-target report
  • Negative Sentiment: A separate report highlights a $6.3 billion impairment charge, a substantial noncash accounting hit that may reinforce concerns about the value of Charter’s assets and future earnings. Charter Communications Takes $6.3 Billion Impairment Charge

About Charter Communications

(Get Free Report)

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.

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