|Bid||428.55 x 800|
|Ask||429.62 x 800|
|Day's Range||425.99 - 440.61|
|52 Week Range||344.99 - 546.54|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||57.49|
|Earnings Date||Apr 30, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||542.50|
Charter (CHTR) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Charter Communications, Inc. (NASDAQ: CHTR) (the "Company" or "Charter") will host a conference call on Friday, May 1, 2020 at 8:30 a.m. Eastern Time (ET) to discuss financial and operating results for the quarter ended March 31, 2020. A press release reporting such results will be issued at 7:00 a.m. ET that day.
The agreement comes after a six-year stalemate that blacked out Dodgers games for much of the Los Angeles market.
LOS ANGELES, March 31, 2020 -- The Law Offices of Frank R. Cruz is investigating potential claims against the board of directors of Charter Communications Inc. (“Charter” or.
President Donald Trump is holding a call with seven of the biggest U.S. internet and mobile phone providers on Tuesday to talk about how the networks are holding up as tens of millions of Americans work from home. The Federal Communications Commission has said U.S. networks are performing well and has granted temporary access to additional spectrum blocks to help providers manage traffic. AT&T Inc, Verizon Communications Inc, Charter Communications Inc, Comcast, Altice USA , T-Mobile and Sprint Corp are expected to take part in the call.
The U.S. Supreme Court on Monday ordered a lower court to reconsider its decision to let comedian-turned-media executive Byron Allen's $10 billion lawsuit accusing cable television operator Charter Communications Inc of discriminating against black-owned channels move forward. The justices sent the case back to the San Francisco-based 9th U.S. Circuit Court of Appeals to take a second look at it after the Supreme Court ruled on March 23 in a similar lawsuit by Allen against Comcast Corp that the appeals court assessed the claims of racial bias using the wrong test. Comcast and Charter had refused to carry channels operated by Allen's Entertainment Studios Networks.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
Charter (CHTR) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
By one measure, the bull market returned on Thursday. As we noted in yesterday's Big Stock Charts, there was a technical argument that the Dow Jones Industrial Average had done so yesterday. The case is easier to make after the Dow rallied another 6.4% on Thursday.Source: Shutterstock As Barron's noted, the term "bull market" isn't set in stone. But the Dow, incredibly, has rallied 21.3% in just three sessions, satisfying one common definition. Add in a late-day rally Monday and the bounce nears 24%.A snapback rally in Boeing (NYSE:BA) has been a key contributor. But the S&P 500 itself has gained 18% in three days. The rally has been broad as well as steep.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem As U.S. stocks look to close what could be the best week of trading since the 1930s, optimism seems to have returned. Friday's big stock charts look to tap into that optimism. Like the market, all three stocks found support. And all three could see more upside ahead. JD.com (JD)Source: Provided by Finviz To look at the first of Friday's big stock charts, one might not even know a sell-off had occurred. JD.com (NASDAQ:JD) has mostly rallied through broad market declines, and there's a case that the rally should continue: * For the most part, this simply looks like a solid chart. A broadening ascending wedge that's held since August suggests new highs are on the way. Excluding a short-lived dip, JD stock mostly has held the 50-day moving average, which can provide support going forward as well. An investor might worry about short-term resistance as a few rallies have reversed this year, but that aside it seems like JD stock should head higher. * Fundamentally, there's a strong case. Just last week I highlighted JD stock as one of seven stocks that had survived the market carnage and could keep rallying. Shares aren't all that expensive relative to trailing earnings. China is getting back to normal. Its e-commerce market is big enough for both JD and larger rival Alibaba (NYSE:BABA). * That said, JD probably needs this rally to hold, or at least not reverse. Trading earlier this month shows that broad market weakness can bring JD.com down with it. In-country risk remains elevated. As with the market as a whole, investors can be hopeful but they still need to mind the downside. Charter Communications (CHTR)When we highlighted Charter Communications (NASDAQ:CHTR) in Big Stock Charts almost two months ago, the chart looked fantastic while the fundamentals were questionable. Even with CHTR stock 15% cheaper, this edition of Big Stock Charts sounds much the same: * CHTR stock managed to bounce nicely off support that held in August. Thursday's rally retook the 200-day moving average. There seems to be a path to at least the 50DMA, which suggests roughly 8% further upside. * But the fundamentals still look questionable at this price. Charter still has to deal with the effects of cord-cutting going forward. A valuation of 23x forward earnings hardly seems cheap in that context. * Charter has been a wonderfully-managed company as it's built out its business through acquisitions. As a result, it was one of the best stocks of the bull market: at February highs, CHTR had rallied almost 1,500% from financial crisis-era lows. After this bounce Charter stock is basically back where it was in mid-December -- and 'only' up about 1,200% from the 2009 nadir. * For investors who believe the bounce of the last three days has gone too far, this chart can serve as Exhibit A. As steep as the decline seemed to be, there are a significant number of large-cap stocks like CHTR who now trade back where they did just months ago. Fundamentally, CHTR shows that the buying opportunity in the market as a whole might not be quite what a 30%-plus decline in major indices would suggest. Thermo Fisher Scientific (TMO)Source: Provided by Finviz Market bulls might see it differently, however. Those that do should take a look at the third of Friday's big stock charts, which suggests that Thermo Fisher Scientific (NYSE:TMO) has a rally ahead: * As with CHTR, TMO stock has seen support hold, save for a brief decline during the worst of the market panic. But it hasn't received quite the same bounce: shares are up 'just' 13% from their low (and even less looking to closing prices). There's whitespace toward moving averages which can be reached if market stability holds. * Meanwhile, Thermo Fisher shouldn't have much, if any, real impact from pandemic fears. The life sciences supplier serves customers that have little or no macroeconomic exposure. The scramble to treat the coronavirus may cause some short-term supply chain issues, but hardly enough to drive a 17% decline from February highs. * Again, market bulls should consider TMO here just above support. But skeptics might respond that the decline here makes more sense than it seems. Many believe that market valuations simply had run too far in February. From that perspective, the fall in TMO stock isn't an unjustified sell-off. It's a correction. And the same trend explains at least a portion of the big fall elsewhere in U.S. stocks.Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. He has no positions in any securities mentioned. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post 3 Big Stock Charts for Friday: JD.com, Charter, and Thermo Fisher appeared first on InvestorPlace.
(Bloomberg) -- The broadband sector could become a safe haven for investors looking to store cash in the event of a financial crisis.Demand for internet access will be recession-proof, if history is an indicator. A Bureau of Labor Statistics analysis from 2009 to 2010 showed total household spending declined year-over-year while computer information and cable services spending increased. That may be even more the case now amid the coronavirus outbreak, as many Americans are working remotely from home and relying on streaming services like Netflix Inc. for entertainment.“The criticality of broadband has increased since the global financial crisis,” Gregory Williams, an analyst covering cable and satellite services at Cowen, said in a note to clients. It’s “now considered a fairly price inelastic utility-like necessity.”AT&T Inc., Charter Communications Inc., Comcast Corp. and Altice USA Inc. are among the long list of potential benefactors providing internet-based services across the U.S. Pure-play businesses like Charter are seen best positioned for upside. Shares of the Stamford, Connecticut-based company have fallen just 8% since the beginning of the year, compared to a 20% decline in the S&P 500 Index.Michael McKenzie, managing director of private investment firm Grain Management, said that broadband connections grew 15% from 2008 to 2009. While there’s no guarantee that will happen this time, the sector is likely to fare better than cable or entertainment peers as consumers look to cut discretionary spending.“I think it’s highly unlikely that [broadband connectivity] declines in a recession,” McKenzie said in an interview. It “should be a safe bet” given its historic stability, he said.McKenzie said there may be some “depressed” spending in certain sectors like hospitality. But in general, stocks linked to mobile network operators and tower owners will “tend to benefit from what we see coming out of this crisis.”(Corrects broadband connection growth in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
S&P; Dow Jones Indices ("S&P; DJI") announced today that preliminary Q4 2019 S&P; 500® stock buybacks, or share repurchases, were $181.6 billion – a 3.2% increase over Q3 2019's $175.9 billion, but down 18.6% from Q4 2018's $223.0 billion record.
(Bloomberg Opinion) -- Fixed-income exchange-traded funds have always been, and will continue to be, a contentious subject. Just the idea of a liquidity mismatch between the products and the underlying securities raises tough questions. Which is the more accurate reflection of a market: the benchmark index full of bonds that don’t trade or the ETF that does?As with most things, the truth probably lies somewhere in the middle. But for now, bond ETFs across the world are trading at staggering discounts to their net asset values in what some have dubbed an “illiquidity doom loop.” More recently, that spiral has ensnared even funds that invest in some of the most stable fixed-income securities in the world. It’s one thing if the largest high-yield municipal-bond fund is going berserk — as I wrote last week, that could be chalked up in part to steeply repricing a few securities tied to senior-living facilities. It’s quite another for supposedly safe assets to get hammered. For better or worse, fixed-income ETFs can never be looked at quite the same way going forward.A Bloomberg News article on Friday spotlighted the $6.2 billion iShares Short Maturity Bond ETF (ticker: NEAR). As the name suggests, it holds very short-term corporate debt, with an average duration of less than a year. Some of its biggest holdings include debt from Charter Communications Inc., Ford Motor Co., General Electric Co. and CVS Health Corp., all of which matures within the next eight months. Some of these businesses have had their struggles, yes, but they’re not going belly-up imminently, even with the coronavirus outbreak.Heading into this month, NEAR never swung more than 0.25% in either direction at any point in the previous year. It traded in a 35-cent range over 12 months. Most days, it would barely move at all. Then, something snapped. On March 18, the fund dropped 1.4% in its sharpest decline since inception in 2013. On March 19 it collapsed, tumbling as much as 8.9% because of rumors that BlackRock Inc. was restricting cash redemptions for traders looking to redeem more than one unit. It closed down $3, equivalent to roughly 30 months of dividend payments. The Bloomberg Barclays Short-Term Government/Corporate Total Return Index, meanwhile, was little changed.“Equity-like risk with T-bill upside,” David Schawel, chief investment officer at Family Management Corp., quipped on Twitter. A BlackRock Inc. spokesman told Bloomberg News that the ETF paid out about $150 million in redemptions Thursday, all in cash.NEAR was hardly the only supposedly stable ETF that was slammed. Pacific Investment Management Co.’s Enhanced Short Maturity Active Exchange-Traded Fund (ticker: MINT) dropped 1.35% in the biggest one-day decline since 2009. The Fidelity Low Duration Bond Factor ETF (ticker: FLDR) crumbled 8.35% on March 12, then staged a big rebound of 7.1% on March 13 before losing 8.7% last week.My colleague Eric Balchunas at Bloomberg Intelligence refers to ETFs as a “release valve” for investors to find liquidity when it’s vanishing across bond markets and investors aren’t confident they can sell the underlying securities. It supports the argument that the funds are a better indication of where the market is clearing than the bonds themselves. Or, at the very least, ETFs get out ahead of the ups and downs to come. He said that a vast majority of purportedly bad optics aren’t really that bad at all.What happened to NEAR was different. On Twitter, Balchunas called the huge price drop “unacceptable.” It was a “bad move” by BlackRock, he said. The money manager realized its mistake and reversed course, he added, “but damage was done.” While it’s possible that NEAR and the other ETFs will recover soon from their violent drops and company missteps, this feels like a moment of truth for the fixed-income ETF industry. If investors are simply turning to them for instant price discovery and liquidity, then the funds have certainly held up their end of the bargain. If, however, institutions expected the ETFs to minimize tracking error to a benchmark index, they’ve been let down amid this market turmoil. Heading into Friday, roughly 70 fixed-income ETFs were trading with at least a 5% discount to their net asset value, and 16 traded at a discount of 10% or greater.Again, there could be a snapback. In fact, evidence of one began emerging on Friday across a range of fixed-income ETFs. After reaching a stunning 28% discount on March 18, the VanEck Vectors High Yield Municipal Index ETF (ticker: HYD) staged its biggest two-day advance since inception in 2009. Its short-term cousin, SHYD, surged 9.4% on Friday alone. It’s not clear whether that’s because the underlying securities have stopped selling off or just because the fund became so heavily discounted. If it’s the latter, then the open-end ETF has taken on similar characteristics as closed-end funds, with enterprising investors closing the NAV gap.None of this means the ETF industry is in jeopardy. It just means investors need to realize they won’t function as steady, index-based products during crisis-like periods. Investors were pulling cash from bond funds of all types at a record pace in the week through March 18, which is often the impetus for a vicious cycle. Combine that with a lack of liquidity as banks step back as market-makers, and it’s no wonder that ETFs spiraled. I have little doubt that fixed-income ETFs will get through this rough stretch. But the experience will forever change the conversation about how they’ll perform in a worst-case scenario. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Staff at telecommunications giant Charter Communications are still having to work from corporate offices — against the advice from the federal government — despite at least one employee testing positive for coronavirus and other staff coming into contact with another confirmed case. Dozens of other Charter employees have contacted TechCrunch in the past few days with concerns about their current working conditions. The employees we spoke to said that while Charter has the means to allow staff to work from home, executives are reluctant to relax the policy.
Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. (collectively, the "Issuers"), have closed on $2.5 billion in aggregate principal amount of notes consisting of the following securities:
Internet service providers are working to ensure Americans stay online while they work form home by cutting data caps and suspending terminating service.
It’s cliché in the West that the Chinese written pictogram for ‘crisis’ can also be read as ‘opportunity’ or ‘danger,’ but like many clichés, it comes from a seed of truth. Any crisis, be it political or medical or economic – or some combination of them all, as in the COVID-19 epidemic – brings with it heightened risks and rewards. British hedge fund manager Crispin Odey gave us a lesson that just recently, when his fund posted a 5% gain in the wake of coronavirus’s hit on the world’s stock exchanges.Odey saw those gains, in his European fund, after making moves against electric car maker Tesla and against US shale oil stocks. Both have dropped on fears of coronavirus impact, but while Tesla shares are likely to stabilize and move back up, oil companies will continue to feel the hurt. Crude prices are down sharply, as the viral impact is disrupting travel plans and trade patterns – and demand for fuel.Speaking of his quick move to short what had seemed to be strong positions, Odey said, “We went into coronavirus with the market incredibly bullish, everyone was long. I’m more cautious than most people.”Odey’s caution has served him well in his career. In 2016, he was a well-known supporter of the ‘Leave’ vote in the initial Brexit debates – but when it came time to put up, he made a profit of 220 million pounds predicting that markets would collapse in the event that ‘Leave’ won the vote. Odey has long been known as a bearish investor, a reputation that peaked, perhaps, in 2008, when his short position on major banking institutions saw him profit handsomely despite that year’s financial crisis.So, when a hedge fund manager as famously cautious as Odey started snapping up shares, it’s time to take notice. His fund, Odey Asset Management, listed three notable moves in the fourth-quarter. We’ve used the TipRanks Stock Screener tool to sort out some commonalities among them: all three are mid- to large-cap stocks, with ‘Buy’ ratings from Wall Street and at least 10% upside potential – in one case, nearly 120%! Of the three, only one pays a dividend, but that one yields a strong 6.6%. Let’s investigate the details, and find out what else drew Odey to these calls.Euronav NV (EURN)The first company on our list is a shipping company. Antwerp-based Euronav is the world’s largest crude oil tanker platform, whose operations include both ocean-going tanker transport and FSO (floating, storage and offloading) services.Odey's firm has increased its holding of Euronav by 305% in the past quarter, picking up over 2.6 million shares. Odey Management holds 3.552 million shares in the company, worth more than $30 million.Euronav’s Q4 2019 earnings report showed clear gains, both for the quarter and the full year. For the quarter, revenue reached $355 million, with a profit of $160 million. This was a 50% revenue gain year-over-year, and nearly unchartable gain from Q4 2018’s profit of just $279,000. The Q4 numbers changed a full-year net loss into a net gain, and Euronav posted FY19 revenues of $932.3 million with a net profit of $118.8 million. The full-year profit is complete turnaround from FY18’s net loss of $110 million.Evercore analyst Jonathan Chappell writes of Euronav’s current position, “…although fear is at a fever pitch presently, as it relates to slumping oil demand associated with the onset of coronavirus, the tanker supply and demand outlook remains robust, and as the owner of an industry-leading fleet and a fortress balance sheet, EURN is poised to continue to provide enhanced EPS … growth over the coming quarters…”Chappell puts a $21 price target on the stock to support his Buy rating, indicating his confidence with a 130% upside potential. (To watch Chappell’s track record, click here)Randy Giveans, with Jefferies, is also bullish, and gives this stock a Buy rating with a $14 price target. Supporting his stance, Giveans writes, “Following the short-term oil demand shock due to coronavirus, we believe the tanker market will strengthen during 2020, while fleet growth continues to slow in the coming quarters.” His price target implies an upside of 67%. (To watch Giveans’ track record, click here)Euronav holds a unanimous Strong Buy analyst consensus rating, based on 4 Buy and 1 Hold ratings. The stock is selling for a discounted $9.12, and the average price target of $16.82 suggests a whopping 84% upside growth potential over the coming year. (See Euronav stock analysis on TipRanks)UBS Group AG (UBS)Next up is a staple of the international banking scene, Swiss-based UBS. This multi-billion dollar banking firm is the largest of the famous Swiss banks, and holds an important position in the global financial scene. UBS has over 3.34 trillion Swiss franc (CHF) in assets under management, equivalent to $3.61 trillion in US currency.UBS is a new position for Odey, whose firm bought 1.447 million shares. The holding is worth $15.145 million at current share prices – or 14.056 million CHF.Of the stocks in this list, USB is the only one that pays out a high dividend – and at 6.6%, it is well over 6x the average of S&P-listed companies. The payout, 69 cents per share, is distributed annually and has been raised modestly over the last four years.Last month, UBS announced that, as of November 1 this year, ING head Ralph Hamers will take over as CEO. The move is seen as bold – Hamers oversaw ING’s strong shift to digital innovation, and banking sector analysts are keen to see what he will bring to UBS.Kian Abouhossein, 4-star analyst with JPMorgan, is upbeat about UBS’ current situation, writing, “Ralph Hamers is amongst the more highly regarded CEOs in European Banking... In our view, UBS has an excellent franchise and mix of businesses with 60% of Net Profit coming from Wealth Management; it is all about creating positive operating leverage in the group which has been lacking in the last few years and a fresh pair of eyes would help in this regard.”Abouhossein gives this stock a CHF$15.00 price target ($16.14), implying a robust 62% upside, to support his Buy rating. (To watch Abouhossein’s track record, click here)Berenberg analyst Eoin Mullany is also bullish on UBS, as indicated by his CHF$15.00 price target ($16.14) and Buy rating.Commenting on UBS, Mullany says, “Having reset its profitability and capital return targets, it is time for UBS to deliver. With consensus already at the bottom end of its new profitability targets, expectations are low, but with 2020 having started well, we are confident that UBS can beat consensus expectations.” His target indicates that he expects a 54% upside here. (To watch Mullany’s track record, click here)All in all, UBS holds a Moderate Buy analyst consensus rating, based on a mix of reviews: 4 Buys, 2 Holds, and 2 Sells. The stock is selling for $9.27 (8.61 CHF), and the average price target of $13.56 (12.60 CHF) suggests an upside potential of 46%. (See UBS stock analysis on TipRanks)Charter Communications (CHTR)Last up is Charter Communications, a $100 billion player in the US telecom sector. Using the brand name Spectrum, Charter offers cable services to more than 26 million customers in 41 states. After industry leader Comcast, Charter is the second-largest cable provider in the US. Charter also offers telephone services, and is the fifth-largest landline provider.Clearly, Odey is impressed by Charter’s sustained upward path; he bought 26,706 shares of the company in the past quarter. This brought his full holding of CHTR to 51,008 shares, which are currently worth an impressive $25.336 million. Odey Management has held a position in CHTR since the third quarter of 2016.The company’s Q4 2019 numbers tell the story, as far as numbers can. Quarterly earnings came in at $3.37 per share, beating the forecast by 34% and growing an impressive 161% year-over-year. Quarterly revenues, at $11.76 billion, showed smaller gains.Evercore ISI’s 4-star analyst Vijay Jayant puts a bullish $600 price target on CHTR shares. This implies an upside of 16%, and supports his Buy rating.In his recent research note, Jayant wrote, “Charter’s 4Q19 results and management’s 2020 commentary support our bullish thesis as we move into 2020. With tailwinds from continued strong broadband subscriber performance, the full year impact of the 4Q19 price increase, political advertising, and continued operating leverage, we expect 8-9% EBITDA growth in 2020E. Flattish capex and improved working capital translates this into 15% OpFCF growth, and the company’s aggressive capital returns turn that into 21% expected FCF/share growth..” (To watch Jayant’s track record, click here)Overall, Charter Communications gets a Moderate Buy rating from the analyst consensus, based on a near-even split of 9 Buys, 8 Holds, and a single Sell. The stock sells for $470.28, while the average price target of $549.06 indicates a general confidence in 10% upside growth in the next 12 months. (See Charter stock analysis at TipRanks)
Coronavirus is probably the 1 concern in investors' minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details). In these volatile markets we scrutinize hedge fund filings to get a […]
The Zacks Analyst Blog Highlights: Walmart, Pfizer, Charter Communications, Lockheed Martin and CME
Moody's Investors Service, ("Moody's") says Charter Communications, Inc.'s (Charter) Ba2 Corporate Family Rating (CFR), and all instrument ratings, are unaffected by the planned add-on to Charter's existing $1.65 billion 4.5% senior unsecured notes due 2030 and assigned a B1 (LGD5) to new 12-year, senior unsecured notes due 2032, both issued at CCO Holdings, LLC (CCOH) and CCO Holdings Capital Corp. Moody's expects the proceeds of the add-on and new notes to be used to repay existing debt issued at CCOH, fund potential share repurchases, pay transaction fees and expenses, and for general corporate purposes. The outlook is stable.
Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, CCO Holdings, LLC and CCO Holdings Capital Corp. (collectively, the "Issuers"), have priced $2.5 billion in aggregate principal amount of notes consisting of the following securities: