Charter Communications: Most Analysts Recommend a ‘Buy’



Analysts’ recommendations

On February 27, Charter Communications’ (CHTR) closing price was $345.03 per share. Analysts have given the company a median target price of $400.00, which implies an estimated upside potential of 15.9% for the next 12 months. The median target price has risen from $365.00 a month ago.

Among the 30 analysts covering Charter, 22 recommended a “buy,” one recommended a “sell,” and seven recommended a “hold.”

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Charter Communications has generated returns of -1.8% in the trailing 12-month period and 18.4% in the trailing one-month period. The company’s share price decreased 1.4% in the last five trading days. Sprint (S), Verizon (VZ), and AT&T (T) have generated returns of 0.6%, 1.7%, and 0.7%, respectively, in the last five trading days.

Bollinger Band

In the trading session on February 27, Charter stock closed at $345.03, which is near its Bollinger Band mid-range level of $340.86. The level suggests that Charter Communications stock isn’t oversold or overbought.

Revenue and EPS forecast

Analysts expect Charter Communications’ sales and adjusted EPS to be $45.8 billion and $7.78 in fiscal 2019 and $48.4 billion and $13.32 in fiscal 2020, respectively. The company reported sales of $43.6 billion and an adjusted EPS of $5.22 in fiscal 2018, respectively.


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