uploads///Telecom Charter Q Analysts Recommendations

Charter Communications’ Mean Target Price Has Risen

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Feb. 19 2019, Updated 9:00 a.m. ET

Analysts’ recommendations

Charter Communications (CHTR) stock offers a potential upside of ~13.3% going forward compared to its current market price of $341.60. Wall Street analysts have given Charter a mean target price of $387.11 for the next 12 months, up from $373.38 a month ago. Charter stock has fallen ~4.8% in the trailing-12-month period and risen ~19.9% year-to-date.

Among the 30 analysts that currently track Charter, ~73% (or 22) have given it “buy” ratings, ~23% (or seven) have given it “holds,” and the remaining ~4% (or one) have given it “sells.”

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First-quarter estimates

Wall Street analysts expect Charter’s adjusted EPS to reach $1.43 in the first quarter compared to $0.70 in the first quarter of 2018. They expect Charter’s revenue to rise ~5.1% YoY (year-over-year) to $11.2 billion.

In comparison, Comcast’s (CMCSA) adjusted EPS are expected to rise ~1.6% YoY to $0.63 in the first quarter. Meanwhile, in the integrated US telecommunications space, AT&T’s (T) adjusted EPS are expected to rise ~1.2% YoY to $0.86 in the first quarter, while Verizon’s (VZ) adjusted EPS are expected to fall ~0.9% YoY to $1.16.

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