|Bid||1.00 x 100|
|Ask||400.78 x 100|
|Day's Range||397.18 - 402.49|
|52 Week Range||241.50 - 408.83|
|PE Ratio (TTM)||27.22|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Over the past several weeks/months, Charter (CHTR) has been named as a potential target for a whole host of companies, including Verizon Communications (VZ), Comcast (CMCSA), Altice USA (ATUS)/Altice [of the Netherlands], and Softbank Group [of Japan]/Sprint (S). According to our fixed-income analysts (Nicole Black in investment-grade/Davis Hebert in high-yield), Charter’s total incurrence test caps its incremental debt capacity at $30.8 billion, making any levered suitor dependent on a lot of equity to fund a deal of this size.
A war has erupted between a Tampa video production firm and the changing of the Bright House Networks brand to Spectrum. Spectrum Video Productions has sued Charter Communications, the parent company of Bright House, in federal court in Tampa for trademark infringement and asked that Charter pay damages and be permanently blocked from using the word "Spectrum" as a name for television or related services. In a statement from video company's lawyer, James Lake of Thomas & LoCicero PL, it said, "we've been communicating with Charter about this issue, but the confusion continues, so we've been left with no choice but to file this lawsuit.
Another week, another move from Comcast to adapt to the constantly changing face of content consumption. The most recent play from the Philadelphia-based media giant, as the Philadelphia Business Journal noted last week, is a doubling down on the ad-free, premium video-on-demand service model that it launched first with AMC and now with FX Networks that provides customers with access to commercial-free content from the channels for a small per-month fee, $4.99 for AMC and $5.99 for FX. In response to a question asking if Comcast’s advertising sales operation opposed the offering, Strauss said he “couldn’t comment on that” but delved into the reasoning.