Charter Communications (NASDAQ:CHTR) Shares Pass Above 200-Day Moving Average – Should You Sell?

Charter Communications, Inc. (NASDAQ:CHTR) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $344.58 and traded as high as $345.00. Charter Communications shares last traded at $342.77, with a volume of 472,715 shares.

Wall Street Analysts Forecast Growth

CHTR has been the topic of several recent analyst reports. Wolfe Research cut Charter Communications from a “peer perform” rating to an “underperform” rating and set a $300.00 price target on the stock. in a report on Monday, September 30th. BNP Paribas upgraded shares of Charter Communications from an “underperform” rating to a “neutral” rating and set a $360.00 target price for the company in a research report on Tuesday, November 26th. KeyCorp raised shares of Charter Communications from a “sector weight” rating to an “overweight” rating and set a $500.00 price target on the stock in a report on Thursday, December 12th. Barclays raised their price objective on shares of Charter Communications from $300.00 to $315.00 and gave the company an “underweight” rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company increased their target price on Charter Communications from $350.00 to $400.00 and gave the company an “equal weight” rating in a research note on Monday, November 4th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $384.42.

Charter Communications Price Performance

The firm has a market cap of $50.65 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08. The business has a 50-day simple moving average of $373.37 and a 200 day simple moving average of $344.61. The company has a debt-to-equity ratio of 5.24, a quick ratio of 0.34 and a current ratio of 0.34.

Charter Communications (NASDAQ:CHTR) last announced its quarterly earnings results on Friday, November 1st. The company reported $8.82 EPS for the quarter, topping analysts’ consensus estimates of $8.55 by $0.27. The company had revenue of $13.80 billion during the quarter, compared to analyst estimates of $13.66 billion. Charter Communications had a return on equity of 28.73% and a net margin of 8.52%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $8.25 earnings per share. On average, analysts anticipate that Charter Communications, Inc. will post 32.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Charter Communications

A number of institutional investors have recently bought and sold shares of CHTR. Reston Wealth Management LLC purchased a new position in shares of Charter Communications during the 3rd quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in Charter Communications in the third quarter worth $28,000. Grove Bank & Trust raised its holdings in Charter Communications by 39.1% in the third quarter. Grove Bank & Trust now owns 121 shares of the company’s stock worth $39,000 after purchasing an additional 34 shares in the last quarter. CVA Family Office LLC increased its stake in shares of Charter Communications by 31.3% in the 3rd quarter. CVA Family Office LLC now owns 147 shares of the company’s stock worth $48,000 after acquiring an additional 35 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Charter Communications by 28.7% during the third quarter. Capital Advisors Ltd. LLC now owns 157 shares of the company’s stock valued at $51,000 after purchasing an additional 35 shares during the last quarter. 81.76% of the stock is owned by institutional investors.

About Charter Communications

Charter Communications, Inc operates as a broadband connectivity and cable operator company serving residential and commercial customers in the United States. The company offers subscription-based internet, video, and mobile and voice services; a suite of broadband connectivity services, including fixed internet, WiFi, and mobile; Advanced WiFi services; Spectrum Security Shield; in-home WiFi, which provides customers with high performance wireless routers and managed WiFi services to enhance their fixed wireless internet experience; out-of-home WiFi; and Spectrum WiFi services.