5.92 +0.01 (0.17%)
After hours: 5:47PM EDT
|Bid||5.81 x 500|
|Ask||5.95 x 400|
|Day's Range||5.85 - 5.97|
|52 Week Range||4.81 - 9.22|
|PE Ratio (TTM)||3.42|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
As of April 18, 27 analysts from different brokerage firms were actively tracking Charter (CHTR) stock. Twenty-one rated the stock as a “buy,” one rated the stock a “sell,” and five rated the stock a “hold.” Approximately 78% of analysts gave the telecom company a “buy” recommendation. The median target price for Charter was $430.50 as of April 18. Charter generated returns of -3.27% in the trailing 12 months and -7.22% in the last month.
Verizon Communications Inc. (VZ) kicks off reporting season for the sector with its Tuesday morning release, but investors may be more preoccupied with events that won’t show up in the company’s results. Verizon and AT&T Inc. (XNYS:T) are reportedly the subject of a Justice Department inquiry that’s examining whether the two companies colluded with a wireless-standards organization to make it harder for people to switch to new phone carriers, according to Friday news reports. The New York Times report, which cites multiple people familiar with the inquiry, said that Verizon and AT&T wanted to be able to lock phones even if they contained an eSIM card.
As of April 18, AT&T (T) was the largest US telecom company by market capitalization at ~$216.2 billion, followed by Verizon (VZ) at ~$198.3 billion. Meanwhile, Charter (CHTR) had a market capitalization of ~$75.5 billion, as the chart below shows.
Most Americans who think of 5G providers will tend to think of AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ), T-Mobile US Inc (NASDAQ:TMUS), and Sprint Corp (NYSE:S). Also, some may provide applications not previously seen in the marketplace. The scope of 5G goes well beyond the scope of a small number of U.S. service providers.
Of the four big U.S. wireless service providers, only one has been a winner over the past several years. Who might that be, you ask? T-Mobile Us Inc (NASDAQ:TMUS). In the same period, market-leader Verizon Communications Inc. (NYSE:VZ) has seen its stock drop 7%. While the others are all down, T-Mobile stock has nearly tripled in the last five years.
5G networks are expected to be more reliable and offer Internet speeds 10-to-100 times faster than current 4G broadband technology.
T-Mobile’s (TMUS) closing price on April 16, 2018, was $62.75 per share. Based on that closing price, T-Mobile has a market cap of ~$53.6 billion—the third-highest among all major US wireless service providers. T-Mobile’s 52-week low price stands at $54.60 per share, while its 52-week high is $68.88 per share.
The 5G wireless network has the potential to boost download and upload speeds, significantly reduce latency, and improve network reliability. According to research by Statista, the number of 5G wireless subscriptions is expected to reach 545 million by 2022. Carter stated that T-Mobile is planning to roll out its nationwide 5G network by 2020 using its 600 MHz low-band spectrum, which the telecom company acquired during the Federal Communications Commission’s broadcast incentive auction last year.
Under its existing revenue accounting standards, T-Mobile (TMUS) continues to expect its postpaid phone ARPU (average revenue per user) in 2018 to be stable compared to 2017. In 2017, T-Mobile reported branded postpaid phone ARPU of $46.97, down ~1.1% from $47.47 in 2016.
Customer retention is mainly impacted by changes in a mobile carrier’s wireless network performance. Network enhancement remains a key part of T-Mobile’s (TMUS) strategy. Earlier in 4Q17, T-Mobile’s YoY (year-over-year) postpaid phone churn rate looked better at 1.2% than it did at 1.3% in 4Q16.
In this final part of the series, we’ll take a look at AT&T’s (T) technical indicators and compare them with rivals in the US telecom (telecommunications) space. On April 12, 2018, AT&T stock was trading at $35.16, which was 1.4% below its 20-day moving average of $35.67, 3.4% below its 50-day moving average of $36.38, and 4.3% below its 100-day moving average of $36.75.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.