Analyzing Charter Communications’ Valuation and Target Prices
By Ambrish ShahDec. 4 2020, Updated 3:53 p.m. ET
Analysts’ recommendations
Of the 30 analysts covering Charter Communications’ (CHTR) stock, 67% recommend “buy,” 30% recommend “hold,” and the remaining 3% recommend “sell.” Analysts’ median target price of $390 for Charter stock implies a 5.1% upside to its current market price of $370.97.
Charter has returned 40.9% in the last year, 6.9% in the last month, and 3.6% in the last five trading days. In comparison, Comcast (CMCSA) and Dish Network (DISH) have returned 3.5% and 5.0%, respectively, in the last five trading days.
Charter’s forward PE ratio
Yesterday, Charter’s 12-month forward PE ratio was 38.64x, while Dish Network’s and Comcast’s ratios were 15.76x and 14.01x, respectively. Charter stock closed at $370.97 yesterday, 4.0% above its 20-day moving average of $356.56, 5.2% above its 50-day moving average of $352.67, and 12.5% above its 100-day moving average of $329.81. Charter stock’s 14-day RSI (relative strength index) score of 74 suggests it is overbought.
