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Charter Communications: Target Price Update in December

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Dec. 14 2018, Published 1:23 p.m. ET

Analysts’ recommendations

According to data compiled by Reuters as of December 12, 75% of the 28 analysts covering Charter Communications (CHTR) stock recommended a “buy,” 21% recommended a “hold,” and 4% recommended a “sell.”

Based on analysts’ consensus, Charter Communications stock has a median target price of $370.00. The stock’s current market price is $316.78, which indicates a potential upside of 16.8% over the next 12 months.

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Charter Communications has generated returns of -4% in the trailing 12-month period and -2% in the trailing one-month period. Charter Communications’ share price decreased 1.6% in the last five trading days. Sprint (S), Verizon (VZ), and AT&T (T) have generated returns of -2%, -1.5%, and -1.9%, respectively, in the last five trading days.

Analysts’ estimates

Wall Street analysts expect Charter Communications to report an ~4.7% rise in its revenues to $43.5 billion in 2018—compared to $41.6 billion in 2017. The company’s adjusted EPS is expected to be $5.50 in 2018—compared to $2.75 in 2017.

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