CHTR - Charter Communications, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
502.73
-6.05 (-1.19%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close508.78
Open512.03
Bid0.00 x 1300
Ask0.00 x 1200
Day's Range501.33 - 512.03
52 Week Range279.33 - 517.07
Volume2,252,919
Avg. Volume1,065,788
Market Cap107.976B
Beta (5Y Monthly)1.19
PE Ratio (TTM)91.11
EPS (TTM)5.52
Earnings DateJan 30, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est506.63
  • Barrons.com

    Charter’s Stock Is Red Hot. An Analyst Is Skeptical.

    (CHTR) shares are trading lower Thursday after Morgan Stanley analyst Benjamin Swinburne cut his rating on the red-hot cable stock to Equal Weight from Overweight, while lifting his price target on the stock to $540, from $500. “Years of out-performance and multiple expansion create a more balanced risk/reward, in our view,” Swinburne writes in a research note. Charter (ticker: CHTR) shares rallied 70% in 2019, and tacked on another 6% so far this year through Jan. 16.

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  • Verizon, Breaker of the Cable Bundle? Not Really
    Bloomberg

    Verizon, Breaker of the Cable Bundle? Not Really

    (Bloomberg Opinion) -- The good news is, some day soon “triple play” will mean something only to baseball fans. These days, though, cable-TV customers probably still know it better as the industry’s torture device.Triple-play bundles refer to long-term contracts with a company such as Comcast Corp. or Charter Communications Inc. that provide internet, television and landline-phone service for one “discounted” rate. These packages force you to have an old-school home-phone number, seemingly just for telemarketers to utilize, and dozens of TV channels you’ll never watch but will nevertheless subsidize. Meanwhile, all you really want is a fast internet connection to binge on Netflix and gain access to a handful of your favorite network shows. But rejoice — there’s a movement afoot that may send triple-play bundles the way of the rotary telephone. Verizon Communications Inc. announced on Thursday that its Fios division is ending these aggressive you’ll-take-it-all-and-you’ll-like-it bundles, allowing subscribers to better customize their plans with what it’s calling Fios Mix & Match. Users can choose among three different internet-speed options that range from $40 to $80 a month and several TV packages that run anywhere from $50 to $90 a month. No annual contracts, it says, and no surprise fees — well, sort of! After all, this wouldn’t be the cable and phone industry if there weren’t some doozies contained in the fine print: Some of the options do have an additional fee for a set-top box or router. A home phone line is a separate $20, to which you can kindly say, “no thank you.”Verizon won’t be the last to give in and smash the bundle, at least for now. They’ve been in decline as an increasing number of customers switch to broadband-only service. There may be more than 50 million broadband-only U.S. homes by 2023, which would make up about half of all pay-TV households, according to research by Geetha Ranganathan and Amine Bensaid, analysts for Bloomberg Intelligence. To stem the drop in revenue, the cable giants have been pushing video add-ons, the analysts said. Charter, which acquired Time Warner Cable in 2016 to strengthen its business against cord-cutting, began offering a $15-a-month skinny video bundle called TV Essentials last year. Here’s how the trend has played out at Charter:Lest you, dear cable customer, believe that this is a sign the industry is finally listening, remember that we’re still nowhere near a true a la carte service. Verizon’s new Your Fios TV package for $50 a month allows subscribers to pick five channels, while Verizon arranges the other 120 channels. How many customers wish they could just take the five and call it a day? Moreover, streaming-video apps won’t necessarily lead to lower monthly bills either: Verizon’s mid-rate internet option (with router), plus Disney+, Netflix and HBO Max would cost a combined $110 a month (although Verizon is currently offering internet users a year of Disney+ free, and Verizon wireless customers can get other savings). My point is, the ideal video-app configuration may not be any cheaper than going for a triple play.That’s why bundles will live on, even if the traditional triple play won’t. If anything, bundles will likely be back en vogue later this year. In November, I called for The Great Rebundling, predicting that the cable giants — which have been benefiting from a surge in broadband signups — will next look to leverage their content distribution relationships by offering bundles for streaming apps and internet service at one rate. Apple Inc. and Amazon.com Inc. may seize similar content-bundling opportunities, which would at least help solve the consumer frustration of paying for apps individually in various places.This is why, even as millions of customers have permanently abandoned cable-TV, sending media networks into a tizzy, the cable companies haven’t even broken a sweat. Shares of Comcast rose 32% in 2019, and analysts see them climbing 13% in 2020. Charter’s gain last year of 70% made it the leading media stock in the S&P 500 Index. Triple play will be reincarnated with a new cute name, and prices will eventually go up, and everyone will complain, and the cable industry will be as good as new.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.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.

  • What St. Louis company stock performed the best in 2019, and why
    American City Business Journals

    What St. Louis company stock performed the best in 2019, and why

    IT services and consulting firm Perficient (Nasdaq: PRFT) led all St. Louis public companies in stock performance in 2019 with a nearly 107% increase. "Demand for their digital consulting services remains robust and they have been able to enhance their growth with several acquisitions that broadened their capabilities to new end-markets," said Joe Schulz, an analyst at Argent Capital Management.

  • Investopedia

    10 Stocks With the Highest Profit Growth in 2020 According to Goldman

    Among the stocks likely to outperform the market in 2020 are those with the highest projected profit growth. Goldman Sachs has identified them.

  • Why We’re Not Keen On Charter Communications, Inc.’s (NASDAQ:CHTR) 4.6% Return On Capital
    Simply Wall St.

    Why We’re Not Keen On Charter Communications, Inc.’s (NASDAQ:CHTR) 4.6% Return On Capital

    Today we are going to look at Charter Communications, Inc. (NASDAQ:CHTR) to see whether it might be an attractive...

  • Barrons.com

    10 Potential Telecom Surprises for 2020

    Cowen analyst Colby Synesael predicts Comcast and Charter Communications will enter into a wireless partnership, and nine other potential shockers for the year ahead.

  • Stocks About to Complete a Strong 2019
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  • How Did Charter Communications, Inc. (CHTR) Compare Against Top Hedge Fund Stocks in 2019?
    Insider Monkey

    How Did Charter Communications, Inc. (CHTR) Compare Against Top Hedge Fund Stocks in 2019?

    We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 44.6% this year and beat the S&P 500 ETFs by […]

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  • Top Analyst Reports for Texas Instruments, Charter & Lowe's
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  • The Zacks Analyst Blog Highlights: Cable One, Charter, Cumulus Media and Tegna
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  • Rallying Into the Holiday
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  • 4 Media Stocks That More Than Doubled the S&P 500 in 2019
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    4 Media Stocks That More Than Doubled the S&P 500 in 2019

    Media companies are benefiting from strong advertising revenues, original content and growing demand for high-speed Internet.

  • IMAX Generates Record Gross Box-Office Revenues in 2019
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    IMAX generates record gross revenues of more than $1.035 billion as of Dec 17, 2019, at the global box office.

  • Hidden cable fees are about to go away
    Yahoo Finance

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    The omnibus spending bill has a treat for consumers.

  • Moody's

    Charter Communications Operating, LLC -- Moody's announces completion of a periodic review of ratings of Charter Communications, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Charter Communications, Inc. New York, December 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Charter Communications, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Cowen’s 3 Stock Choices for 2020
    TipRanks

    Cowen’s 3 Stock Choices for 2020

    2019 has delivered such plentiful returns, that heading into the new year, investors might be met with a sense of trepidation as to what lies ahead. Can the market extend the rally? Which stocks can continue handing out ample rewards through 2020 and beyond?In such instances it is worth turning to the pros to get the lowdown. Multinational investment bank and financial services provider, Cowen, has a history of successfully picking up disruptive companies and emerging markets early on, Amazon being a case in point. The company was also the first Wall Street firm to exhibit serious interest in the fledgling cannabis industry.With the help of TipRanks’ Stock Screener, we were able to get the full scoop on the company’s 3 favorite stocks for the new year. All 3 have had a strong 2019, yet Cowen thinks their growth is set to continue in the year ahead. Let’s take a look.Charter Communications (CHTR)2019 continued to hear talk of the ‘cord-cutting’ trend whereby old, traditional cable companies are about to become obsolete due to pay-tv customers moving over to newer, more flexible streaming services. Telecommunications giant, Charter, has stayed ahead of the curve by leveraging losses of cable customers by picking up more subscribers for its broadband service. As broadband becomes a must-have service for every household, and most areas only provide two options for broadband services, companies like Charter almost become recession proof.Apart from success in the broadband sector, Charter’s entrance into the wireless phone market is also bearing fruit. Its mobile business has seen solid growth, adding 276,000 new lines in the last quarter alone.Additionally, it has kept buying back company shares, always a promising sign for investors. In Q3, the company spent $3.1 billion on stock buybacks.This cable giant has easily outperformed the market in 2019, delivering a year-to-date gain of 65%, but has the leading broadband provider climbed too high?Not according to 5-star Cowen analyst Colby Synesael, who noted, “All said, despite the stock rally and premium valuation, we still see Charter as the ideal scaled pure-play Cable provider and best stock to play the Broadband story with underlying catalysts including the FCF story (24% CAGR), buybacks, attractive network assets ideal for the 5G topology, and strategic optionality. Longer-term, the company is well positioned to measurably build a DIY wireless network (trialing CBRS) and aggressively buy back shares, to be eventually taken out by a wireless carrier (because wireless carriers may have no choice).”To this end, Synesael reiterated an Outperform rating on Charter along with a price target of $537, indicating gains of 14% could be in place. (To watch Synesael’s track record, click here)What does the Street make of the communication giant’s prospects? A breakdown of 14 Buys, 7 Holds, and a solitary Sell, provide Charter with a Moderate Buy rating. The average price target stands at $503.16, which implies 7% upside potential. (See Charter Communications stock analysis on TipRanks) Equinix (EQIX)Another high-flyer in 2019 is internet connection and data center provider, Equinix. Year-to-date, EQIX is up 58%, leaving the S&P 500 in the dust despite its stellar year.The company is unusual given the fact that it is a REIT (real estate investment trust) but operates like a growth stock. Equinix provides the buildings and infrastructure for companies to house their servers in. Most companies use Equinix’s IBX (international business exchange), as along with a lack of alternatives, it is too expensive to build their own. Therefore, like REITS, the company has a recurring income stream.The company reported good 3Q19 results with it breaking records for 3Q bookings, cross connect adds and bookings through its channel, which came in at 30%, indicating a loyal customer base is in place.Synesael noted, “We continue to have a positive LT view of Equinix as the company is able to demonstrate stable/durable growth that coupled with its highly attractive returns we believe should continue to drive multiple expansion and further separate it from comps. We do not however expect upcoming 2020 guidance to alone act as a catalyst, and instead expect the stock to continue to grind higher over the NTM.”All this has prompted the 5-star analyst to reiterate an Outperform rating on Equinix. A price target of $628 provides potential upside of 13%.The Street is equally effusive about Equinix’s 12-month prospects. The data center provider has a Strong Buy analyst consensus rating, with the breakdown formed of 12 Buys and 1 Hold. The average price target is $615.25, providing 10% upside potential. (See EQIX stock analysis on TipRanks) GDS Holdings (GDS)Staying in the data field, we move on to Chinese high-performance data center provider, GDS Holdings.Even with Cowen’s previous picks exhibiting fantastic growth in 2019, they are both dwarfed by GDS, which has seen its share price more than double in 2019, growing by 118%. Accordingly, the company ranks as Cowen’s no.1 choice for 2020.A solid 3Q report reflected a strong year. The company leased 21,600 sqm compared to the trailing 12 months average of 19,400, thereby achieving the company’s 2019 leasing goal of 80,000 sqm. Management reiterated that it expects to equal this performance in 2020, and raised 2019 EBITDA guidance thanks to stronger than expected margins year-to-date.Adding to the good news, GDS announced it had reached an agreement to acquire all of the equity interests in target companies which own a data center campus in the Shunyi district of Beijing. The campus comprises three data centers with an area of 19,700 sqm. The acquisition is set to close in the first half of 2020.Synesael notes that while GDS is likely to experience trade driven volatility - the combination of strong secular demand, further margin expansion, and industry leading growth ‘should drive continued stock appreciation.’ The analyst concluded, “We believe GDS continues to be well positioned in what remains a strong demand environment and is taking the right steps to secure more supply in its major markets as it prepares for even stronger demand in 2020.”Synesael reiterated an Outperform rating on GDS, along with a price target of $65. Should the target be achieved, a handsome increase of over 29% could be in the cards.The Street is relatively quiet when it comes to GDS right now. Over the last 3 months, the data center provider has had 3 analysts rating its prospects. All, though, conclude GDS is a Buy, therefore designating it with Strong Buy status. The average price target of $60, could provide investors with 19% upside. (See GDS stock-price forecast and analyst ratings)

  • S&P 500 buybacks reverse declines in Q3 2019; expenditures remain lower than the 2018 levels
    PR Newswire

    S&P 500 buybacks reverse declines in Q3 2019; expenditures remain lower than the 2018 levels

    S&P; Dow Jones Indices ("S&P; DJI") announced today that preliminary Q3 2019 S&P; 500® stock buybacks, or share repurchases, were $175.9 billion – a 6.3% increase over Q2 2019's $165.5 billion. This was the first increase after two consecutive quarters of declines since the record $223 billion in Q4 2018.

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  • Charter Closes $1.3 Billion Senior Secured Notes
    PR Newswire

    Charter Closes $1.3 Billion Senior Secured Notes

    Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp. (collectively, the "Issuers"), have closed on $1.3 billion in aggregate principal amount of senior secured notes due 2050 (the "Notes"). The Notes form a part of the same series as the Issuers' senior secured notes due 2050 issued on October 24, 2019, which bear interest at a rate of 4.800% per annum, and were issued at a price of 101.964% of the aggregate principal amount.

  • Charter Closes $1.2 Billion Senior Unsecured Notes
    PR Newswire

    Charter Closes $1.2 Billion Senior Unsecured Notes

    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 $1.2 billion in aggregate principal amount of senior unsecured notes due 2030 (the "Notes"). The Notes form a part of the same series as the Issuers' senior unsecured notes due 2030 issued on October 1, 2019 and on October 24, 2019, which bear interest at a rate of 4.750% per annum, and were issued at a price of 101.125% of the aggregate principal amount.

  • 5 Corporate Giants That Popped in 2019 and Have Upside Left
    Zacks

    5 Corporate Giants That Popped in 2019 and Have Upside Left

    A stable U.S. economy, a partial trade deal with China, possible solution of Brexit and easy monetary policy of the Fed are likely to sustain Wall Street's rally in 2020.