|Bid||292.79 x 900|
|Ask||292.95 x 800|
|Day's range||291.01 - 296.73|
|52-week range||250.10 - 408.83|
|PE ratio (TTM)||8.35|
|Earnings date||25 Jul 2018 - 30 Jul 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||374.44|
When it comes to telecom, Goldman Sachs prefers Verizon Communications (VZ) and Charter Communications (CHTR). Analyst Brett Feldman upgraded both stocks to Buy from Neutral on Thursday, adding $5 to his Verizon price target, which now stands at $56, and boosting his Charter price target to $361 from $315.
Charter Communications’ (CHTR) closing price on June 18 was $295.25 per share. Based on that closing price, Charter Communications has a market capitalization of ~$70.2 billion. The company’s highest 52-week price stands at $408.83 per share, while its lowest 52-week price was $250.10 per share.
On June 18, AT&T (T) was the largest US telecom company by market capitalization. AT&T’s market cap was ~$197.7 billion, followed by Verizon (VZ) at ~$196.1 billion. Charter Communications (CHTR) had a market cap of ~$70.2 billion on that date, as shown in the chart below.
Despite reporting the loss of thousands of residential pay-TV customers in the first quarter, Charter Communications (CHTR) says it has no immediate plans to join the streaming video bandwagon. Its peers AT&T (T) and Dish Network (DISH) have responded to the disruption of over-the-top video (or OTT) by launching streaming video services. Why isn’t Charter Communications interested in following suit?
Charter Communications (CHTR) is witnessing ongoing growth in its broadband customer base, given the faster speeds. In the first quarter, Charter’s net broadband additions totaled 331,000 customers.
Charter Communications (CHTR) has reportedly moved closer to launching its wireless service, Spectrum Mobile, with the help of its MVNO (mobile virtual network operator) agreement with Verizon (VZ). According to a BGR report, Charter Communications is expected to launch its wireless service on June 30. The new service is expected to offer unlimited data for $45 per month.
There’s a great irony to the merger craze that has swept the media world. The deals are all being driven by a desperate attempt to catch up with Netflix, even though a few years ago any rich and savvy media company could have acquired the upstart for what would now seem a relatively small sum. In 2013, just as Netflix (NFLX) was launching House of Cards, its first original show, the streaming pioneer had a market value of just $10 billion.
A New York regulator threatened Thursday to revoke its approval of Charter Communications Inc.’s takeover of Time Warner Cable Inc., saying Charter had failed to hit goals for expanding broadband service that were a condition of the deal. The New York State Public Service Commission also ordered Charter Communications, known as Spectrum, to pay $2 million as a penalty. John Rhodes, chairman of the Public Service Commission, said the company must implement the regulator’s required conditions “or run the risk of more severe consequences”—a breakup of the merger.
Investors pursuing a solid, dependable stock investment can often be led to Charter Communications Inc (NASDAQ:CHTR), a large-cap worth US$80.07B. One reason being its ‘too big to fail’ aura whichRead More...
Verizon (VZ) views its mobile wholesale services as profitable, and it’s optimistic about the business of licensing wireless agreements. The company could provide an opportunity for growth, especially when its MVNOs are targeting segments that Verizon doesn’t actively pursue. Comcast (CMCSA) and Charter Communications (CHTR) have a reseller agreement that empowers them to launch their own wireless operations using Verizon’s network.
NEW YORK, June 14, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Charter ...
The Zacks Analyst Blog Highlights: AT&T, Verizon Communications, Comcast and Charter Communications
As phone companies and cable operators continue to be under pressure from Netflix (NFLX) and the other “over-the-top” services, the really bad news for the media and telcos is a slowing of capital returns, writes Jefferies & Co.’s John Janedis, who yesterday took over coverage of AT&T (T), Verizon Communications (VZ), Comcast (CMCSA), and Charter Communications (CHTR) from his colleague Scott Goldman. In a report, Janedis kicks off his coverage with a Hold rating on AT&T, Verizon and Charter, and a Buy rating on Comcast, though all four seem frankly at risk of slowing payouts to shareholders, in the form of dividends and buybacks that may not have much upside from current levels.
The U.S. postpaid wireless market continues to witness intense pricing competition, as success to a great extent depends on technical superiority, quality of services and scalability.
Frontier (FTR) started 2018 with a bang and delivered better-than-expected Q1 2018 results. The company exceeded Wall Street analyst expectations for revenues and posted narrower-than-expected losses in the first quarter. In Q1 2018, Frontier reported an adjusted net loss of $45 million, which was narrower than the adjusted loss of $91 million in Q1 2017.
Charter Communications (CHTR) has been consistently investing in capital expenditures (or capex) to improve its network. Charter Communications restarted all-digital projects in the remaining Bright House and Time Warner Cable markets that are not yet all-digital, as well as the deployment of 1 Gbps speeds via DOCSIS 3.1 technology across its footprint. In the first quarter, Charter spent $2.2 billion on capital expenditures compared to $1.6 billion on capital expenditures in the first quarter of 2017.
Let’s look at the robust performance of Charter Communications’ (CHTR) Internet component, a key growth driver for the company. Charter Communications is witnessing ongoing growth in its broadband customers, given the faster speeds.
Let’s take a look at Charter Communications’ (CHTR) performance in terms of its video customer net additions trend over the last few quarters. With ~16.4 million video customers after the merger, the new Charter Communications entity has become the third-largest pay-TV service provider in the US after Comcast (CMCSA) and AT&T (T).
Charter Communications (CHTR) stock’s closing price on May 17 was $268.17 per share. Based on that closing price, Charter Communications has a market capitalization of ~$63.8 billion. Charter Communications’ stock price has decreased ~14.4% in the trailing year.
Charter Communications (CHTR) had a market capitalization of ~$63.8 billion, as showcased in the chart below. In the May 17 trading session, Charter Communications stock closed at $268.17, which is near its Bollinger Band midrange level of $280.27. This suggests that Charter Communications stock is neither oversold nor overbought.
In the preceding part, we discussed how Charter Communications’ (CHTR) top line has been improving due to its acquisitions. Charter is witnessing ongoing growth in its core operating profitability, primarily to reflect strong cost management. Charter is expected to have multiple opportunities to create significant merger synergies across the new Charter Communications footprint as it integrates the legacy Time Warner Cable and legacy Bright House Networks acquisitions.
The Zacks Analyst Blog Highlights: Duke, Charter Communications, Abbott, UnitedHealth and Brown-Forman
Comcast (CMCSA) has been investing in enhancing its network capacity, improving its investments in line extensions, and improving its spending on infrastructure and theme parks. As expected by Comcast’s management, its capex fell 5% to $2.0 billion in the first quarter due to a lower level of capex on CPE (customer premises equipment).