According to data compiled by Reuters as of October 29, 75% of the 28 analysts covering Charter Communications (CHTR) stock have given it a “buy” rating. Another 21% have given it a “hold,” and the remaining 4% expect the stock to fall and have given it a “sell.”
Based on Wall Street analysts’ consensus, Charter stock has a median target price of $365. Its current market price is $300.85 which indicates a potential upside of 21.3% over the next 12 months.
Charter has generated returns of -5.9% in the trailing-12-month period and -7.7% in the trailing-one-month period. Its share price decreased 5.9% in the last five trading days. By comparison, Sprint (S), Verizon (VZ), and AT&T (T) have generated returns of -10.7%, 2.7%, and -9.3%, respectively, in the last five trading days.
Wall Street analysts’ estimates
Wall Street analysts expect Charter to report a ~4.7% rise in revenue to $43.5 billion in 2018 compared to $41.6 billion in 2017. Its adjusted EPS is expected to be $5.26 in 2018 compared to $2.75 in 2017.
Charter’s 14-day MACD (moving average convergence divergence) is -8.53. By comparison, AT&T’s 14-day MACD is -2.17, Verizon’s is 1.12, and Sprint’s is -0.34. A stock’s MACD marks the change between its short-term and long-term moving averages. Charter’s negative MACD denotes a downward trading trend.