- Reuters•1 hour ago
The founder of hedge fund TCI said on Thursday he expected U.S. firm Charter Communications to carry out large share buybacks and could eventually receive a takeover bid from Verizon. "Margins are going to be much higher than consensus assumes," Chris Hohn told the Sohn Conference in London, profits that would help fund extensive share buybacks, totalling 35 percent of the outstanding shares. Hohn, who owns 5 percent, also said he expected the company to be a takeover target in a consolidating U.S. market.
- American City Business Journals•6 hours ago
Charter Communications Inc. CEO Tom Rutledge said the cable company doesn't need to buy a content company. Despite AT&T's pending $85 billion deal to acquire Time Warner Inc., Rutledge said at a recent UBS media conference that acquiring a content provider isn't something Charter feels it must pursue currently, Investopedia reports. "We are a connection company at the moment, and I like that place," Rutledge said.
- Zacks•8 hours ago
The telecom industry experienced a good run on the bourse last week as most of the key stocks traded in the green. Although the space lacked excitement, a few events were worth noting.
CHTR : Summary for Charter Communications, Inc. - Yahoo Finance
Charter Communications, Inc. (CHTR)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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|Bid||279.65 x 100|
|Ask||279.77 x 100|
|Day's Range||279.11 - 285.40|
|52 Week Range||156.13 - 285.40|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||16.61|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|