|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||5.34 - 5.82|
|52 Week Range||4.52 - 14.24|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 29, 2018 - Nov 2, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||6.28|
Let’s now look at Charter Communications’ (CHTR) performance in the video space. Charter’s residential video customer count fell ~1.8% YoY (year-over-year) to ~16.2 million at the end of the second quarter. On a net basis, Charter lost 73,000 residential video customers, compared with 91,000 in the second quarter of 2017. Wall Street had expected a loss of 108,000 subscribers. This reduction was primarily due to rapid growth in OTT (over-the-top ) video viewing trends. ...
Charter Communications (CHTR) has maintained consistent capital expenditure to improve its network. This year, Charter restarted all-digital projects in Bright House and Time Warner Cable markets. The company has been aggressively deploying 1 Gbps (gigabit per second) speeds via DOCSIS 3.1 technology across its footprint.
Investors need to pay close attention to Frontier Communications (FTR) stock based on the movements in the options market lately.
Charter Communications’ (CHTR) top line has been improving over the last few quarters. Charter’s total pro forma revenue rose ~4.8% YoY (year-over-year) to $10.9 billion in the second quarter, beating Wall Street’s expectation of $10.8 billion. This rise was primarily driven by ongoing growth in its residential and commercial units as it integrates its legacy Time Warner Cable and legacy Bright House Networks acquisitions.
T-Mobile (TMUS) and Sprint (S) may see their proposal to merge succeed in a deal that would cut the number of US national wireless operators from four providers to three. The previous administration’s desire to maintain four wireless operators at the top led to AT&T (T) dropping its bid to acquire T-Mobile in 2011.
Wall Street analysts’ consensus indicates that CenturyLink’s 12-month target price is $20.76, which implies a potential return of -5% from its closing price of $21.88 on August 13. As of August 13, CenturyLink’s dividend yield was 9.9%. On August 13, CenturyLink had a 14-day RSI (relative strength index) score of 78, which compares to Frontier Communications (FTR) at 46 and Windstream Holdings (WIN) at 64.
As of August 13, AT&T (T) was the largest US telecommunications player by market capitalization at ~$233.9 billion. It was followed by Verizon (VZ) at ~$215.8 billion. In the US wireline space, CenturyLink (CTL) had a market capitalization of ~$23.6 billion, as you can see in the chart below. That metric for Windstream Holdings (WIN) and Frontier Communication (FTR) was ~$0.2 billion and ~$0.5 billion, respectively.
Short selling seems unsavory. It is betting that a company’s stock will drop, after all. However, many of the world’s top investors engage in this activity — George Soros, Paul Tudor Jones and John Paulson just to name a few. Short positions are required to be disclosed to the public. This is what gives us short interest. High-short interest stocks are stocks with a higher than usual amount of short interest.
Frontier Communications (FTR) has been reporting losses for the past two years. Analysts’ target price for Frontier stock is $6.75. On August 1, Frontier stock was trading at $5.12, which is 1.4% above its 20-day moving average of $5.05.
AT&T (T) was the largest US telecom player as of August 1, with a market capitalization of ~$233.7 billion, followed by Verizon (VZ) at ~$213.7 billion. In the US wireline space, Frontier Communications (FTR) had a market capitalization of ~$0.4 billion, and CenturyLink (CTL) and Windstream (WIN) had market caps of ~$20.0 billion and ~$0.1 billion, respectively.
In the second quarter, Frontier Communications’ (FTR) customer losses continued as it shed broadband and video customers. Frontier’s broadband customer count declined by ~0.8% sequentially to 3.9 million at the end of the second quarter. It lost 32,000 broadband subscribers, compared with 100,000 broadband customers in the second quarter of 2017.
Repurchasing shares is one of the ways Charter Communications (CHTR) is returning value to its shareholders. In the second quarter, it repurchased 6.4 million shares worth $1.9 billion. In 2017, it spent $13.2 billion on share buybacks.
Frontier Communications (FTR) has been posting losses per share for the last two quarters. It disappointed investors again in the second quarter of 2018 with a loss per share of $0.80. It released its results on July 31.
CenturyLink in Q2 2018: What Does Wall Street Expect? In the previous part of this series, we assessed the latest Wall Street analyst recommendations for CenturyLink (CTL) stock. Half of the analysts are recommending a “hold.” Now let’s take a look at CenturyLink’s technical indicators and compare them to its rivals in the telecommunications space.
Charter Communications (CHTR) is seeing ongoing growth in its core operating profitability, primarily to reflect strong cost management. Its adjusted EBITDA rose ~5.3% YoY (year-over-year) on a pro forma basis to $4.1 billion in the second quarter.
Charter Communications (CHTR) stock reacted positively to the company’s second-quarter earnings report on July 31, rising ~3.6%. The company again delivered a strong quarter, beating Wall Street’s expectations for both earnings and revenues. Its earnings beat the consensus Wall Street estimate by ~15%, with EPS rising ~121.2% YoY (year-over-year) to $1.15.
As of July 27, 18 analysts from various brokerage firms are actively tracking CenturyLink (CTL) stock. Nine of them (50%) have rated the stock a “hold,” two have rated it a “sell,” and seven have rated it a “buy.”
Payout ratios, a history of hikes, and earnings growth should play starring roles in your research of high-yielding stocks.
The closing price for CenturyLink (CTL) stock on July 27 was $18.37. Based on that, CenturyLink has a market capitalization of $19.8 billion. Its highest price in the last 52 weeks was $23.78, and its lowest price was $13.16.