|Bid||293.03 x 1100|
|Ask||293.56 x 800|
|Day's Range||291.99 - 295.69|
|52 Week Range||250.10 - 408.83|
|PE Ratio (TTM)||8.40|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||376.44|
Renowned investor Warren Buffett does not suffer fools gladly, and has a short list of other money managers whom he admires greatly. One of these is longtime right-hand man Charlie Munger at Berkshire Hathaway.
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.
Comcast Corp. and AT&T Inc. have made audacious moves to become media distribution and content conglomerates, but one of the industry’s most powerful players is skeptical of that approach and doesn’t plan to follow suit: cable tycoon John Malone. In an interview this week, Mr. Malone, a pioneer of the cable industry who owns significant stakes in No. 2 U.S. cable operator Charter Communications and cable-channel owner Discovery Inc., said he doesn’t plan to consolidate his empire into a vertically integrated content and distribution player any time soon. “Why would I put Discovery together with Charter?
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.
Short interest is low for CHTR with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
Geico’s former chief investment officer, Lou Simpson, was at one point seriously considered by Warren Buffett as a possible successor to the long-time Berkshire Hathaway Inc. (NYSE:BRK.A, NYSE:BRK.B) CEO. Simpson retired in 2010, but he grew bored of life away from the office and set up SQ Advisors, a Naples-based investment advisory firm with his wife Kimberly Querrey. Although Simpson likes a concentrated portfolio of fewer than 20 stocks, it’s the way he evaluates a company that’s made him so successful.
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.
NEW YORK, NY / ACCESSWIRE / June 7, 2018 / U.S. equities closed in the green on Wednesday, as bond yields rose pushing financial sector higher. The Dow Jones Industrial Average jumped 1.40 percent to close ...
Next season, NBA basketball in Charlotte turns 30. And the Charlotte Hornets plan on making sure everyone knows it.
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.
What many do not understand about bond funds is that they work in the opposite direction as interest rates. Between 1981 and about 2016, bonds saw a bull run from the high inflation rates of the early 1980s to the ultra-low interest rates seen for most of this decade. Now with interest rates recovering from almost 0% levels (and negative rates in some foreign markets), signs of rising interest rates have appeared everywhere.
The Zacks Analyst Blog Highlights: Duke, Charter Communications, Abbott, UnitedHealth and Brown-Forman