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Why Analysts Are Still in Love with Charter Communications Stock

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Analysts’ recommendations

On June 18, 28 analysts actively tracked Charter Communications (CHTR) stock. One analyst rated the stock as a “sell,” 21 analysts rated the stock as a “buy,” and six analysts rated the stock as a “hold.” About 75.0% of analysts gave the telecom company a “buy” recommendation.

Median target price

The median target price set by analysts for Charter Communications was $390.00 on June 18. The company’s closing price was $295.25 on that date.

Charter Communications has generated returns of -13.2% in the last 12 months and 9.3% in the last month. Charter Communications’ stock price has increased 4.3% in the last five trading days. Among CHTR’s peers, Sprint (S), Verizon (VZ), and AT&T (T) have generated returns of 5.5%, -3.7%, and -5.8%, respectively, in the last five trading days.

MACD

On June 18, Charter Communications had a moving average convergence divergence (or MACD) of -0.43. In comparison, AT&T’s MACD is -0.02, Verizon’s MACD is 0.01, and Sprint’s MACD is -0.01. A positive MACD reading suggests that a stock is in an upward trading trend, whereas a negative MACD reading denotes that a stock is in a downward trading trend.

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