|Bid||322.46 x 800|
|Ask||360.00 x 800|
|Day's range||329.49 - 334.90|
|52-week range||250.10 - 396.64|
|PE ratio (TTM)||9.12|
|Earnings date||24 Oct 2018 - 29 Oct 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||377.16|
In the second quarter, AT&T (T) added 342,000 customers to its DIRECTV NOW video streaming service compared to 152,000 DIRECTV NOW net subscriber additions in the second quarter of 2017. This growth is primarily due to the growing preference for more flexible, modestly priced video streaming services over higher-priced traditional television packages. DIRECTV NOW had ~1.8 million customers on June 30.
The United States Department of Justice (or DOJ) has appealed Judge Richard Leon’s decision to allow AT&T’s (T) $85.4 billion acquisition of Time Warner, raising the possibility that the deal could be blocked. The appeal came after the companies closed the merger deal on June 14 after winning a six-week court trial.
Verizon (VZ) is looking beyond the home market for its 5G (fifth-generation) service. Verizon 5G Home, the name of the company’s 5G service for home users, is slated to go live in parts of the United States next month. As it prepares to launch what may be America’s first 5G service, Verizon is also exploring ways to reach business customers.
AT&T (T) recently announced the addition of five more cities to its previously announced seven cities for its 12-city 5G (fifth-generation) service launch in 2018. The second-largest wireless network provider will unveil its mobile 5G service in certain parts of Houston, Jacksonville, Louisville, New Orleans, and San Antonio before the end of 2018. That’s in addition to Atlanta, Dallas, Charlotte, Indianapolis, Raleigh, Oklahoma City, and Waco.
Cable provider Altice USA (ATUS) is on track to begin offering wireless services starting in 2019. The Altice wireless service is expected to be anchored on Sprint’s (S) network. Charter Communications (CHTR) and Comcast (CMCSA) have also launched wireless services, and both use the Verizon (VZ) network.
Dish Network (DISH) has reservations about T-Mobile (TMUS) and Sprint (S) merging. The company has written to US regulators reviewing the T-Mobile–Sprint merger proposal to block the two wireless providers from combining, according to a Reuters report citing government filings. Dish argues that T-Mobile and Sprint have exaggerated their arguments for a need to combine and that a merger of the two would result in higher prices for wireless consumers.
Although Comcast (CMCSA) and 21st Century Fox (FOX) have ironed out their differences over the Big Ten Network carriage issue, the competition between the two is not yet over. The two companies are still in the race to buy British broadcaster Sky, and the deadline to clinch the deal is fast approaching. Comcast is seeking to buy Sky for $34.0 billion, meaning its bid values the broadcaster at 14.75 pounds per share.
Charter Communications’ (CHTR) residential video customer total fell ~1.8% YoY (year-over-year) to 16.2 million on June 30. In the second quarter, Charter lost net 73,000 residential video customers compared to 91,000 losses in the second quarter of 2017. This reduction in video customers was driven by rapid growth in the over-the-top (or OTT) video viewing trends.
On September 4, Charter Communications (CHTR) announced that its Spectrum Mobile wireless service was available for new and existing Spectrum Internet customers across its footprint. The company soft-launched its wireless service in June. During the Bank of America Merrill Lynch Media, Communications & Entertainment Conference held on September 6, Christopher L. Winfrey, Charter’s CFO, discussed the company’s mobile business strategy.
As Americans drop cable television subscriptions for online video services, selling Internet access has become a key strategy for cable companies to survive cord-cutting. Comcast (CMCSA) is working to expand its Internet customer base and stimulate growth in Internet business by appealing to low-income consumers.
Charter's (CHTR) Spectrum Mobile service is now fully available for new and existing Spectrum Internet subscribers across its footprint.
Today we’re going to take a look at the well-established Charter Communications Inc (NASDAQ:CHTR). The company’s stock saw a decent share price growth in the teens level on the NasdaqGSRead More...
Charter (CHTR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Verizon (VZ) is managing the secular challenges of the pay-TV market by focusing on its FiOS Internet offering in the wireline component. In the second quarter, it added 43,000 FiOS Internet customers compared to 49,000 net additions in the year-ago period. However, net gains in FiOS Internet connections were offset by a decline of 53,000 in high-speed Internet connections. As a result, total net broadband connections for Verizon fell 10,000 in the second quarter.
Frontier Communications (FTR) has been focusing on cost savings in order to boost its adjusted EBITDA. In the second quarter, Frontier completed its program to achieve annualized cost synergies of ~$350.0 million, which was in line with its target.
In the second quarter, Frontier Communications’ (FTR) subscriber losses continued as it shed broadband customers. Frontier’s broadband customers fell ~0.8% sequentially to reach ~3.9 million on June 30. In the second quarter, the wireline player lost 32,000 net broadband customers, compared to a loss of 100,000 broadband customers in the second quarter of 2017.
Frontier Communications’ (FTR) adjusted net loss attributable to its common shareholders declined to $62.0 million in the second quarter, compared to a net loss of $85.0 million in the second quarter of 2017. On July 31, the company posted an adjusted EPS loss of $0.80 in the second quarter, narrower than its adjusted EPS loss of $1.10 in the second quarter of 2017.
AT&T’s (T) share of the US pay-TV market is slowly shrinking due to cord-cutting. In the second quarter, it lost 286,000 satellite TV subscribers and added 24,000 U-verse TV subscribers, making its net linear video subscriber losses 262,000. Charter Communications (CHTR) and Comcast (CMCSA) lost 73,000 and 136,000 residential video customers, respectively.
On June 30, Charter Communications (CHTR) launched Spectrum Mobile, its wireless service, with the help of its MVNO (mobile virtual network operator) agreement with Verizon (VZ). The company is now offering mobile services to new and existing Spectrum Internet subscribers at attractive prices. It’s offering two packages as a part of its wireless service: unlimited mobile data for $45 per month, and an option to pay for data usage at a rate of $14 per GB (gigabit) of mobile data. Both packages offer unlimited texting and talking, and subscribers can change between packages mid-month.
Let’s now look at Charter Communications’ (CHTR) performance in the video space. Charter’s residential video customer count fell ~1.8% YoY (year-over-year) to ~16.2 million at the end of the second quarter. On a net basis, Charter lost 73,000 residential video customers, compared with 91,000 in the second quarter of 2017. Wall Street had expected a loss of 108,000 subscribers. This reduction was primarily due to rapid growth in OTT (over-the-top ) video viewing trends. ...