|Bid||56.74 x 1200|
|Ask||56.75 x 2900|
|Day's Range||56.34 - 57.31|
|52 Week Range||46.09 - 61.58|
|Beta (3Y Monthly)||0.26|
|PE Ratio (TTM)||7.23|
|Forward Dividend & Yield||2.41 (4.22%)|
|1y Target Est||N/A|
A new report prepared for the Senate concludes that Russia used every major social network to support Donald Trump during the 2016 election, and continued to support him after he was elected president.
As of December 12, Verizon (VZ) was the largest US telecommunications company by market cap at $236.6 billion, followed by AT&T (T) at $219.5 billion. Meanwhile, Charter Communications (CHTR) had a market cap of $72.5 billion.
Altice USA (ATUS), the fourth-largest cable company in the US, is all set to launch its own mobile service by next year on Sprint’s (S) network. Altice announced its MVNO (mobile virtual network operator) deal with Sprint in November last year. Altice is building on the trend started by Comcast (CMCSA) and Charter (CHTR), which have also launched their wireless services, both of which utilize Verizon’s (VZ) network.
During the UBS Global Media and Communications Conference last week, Thomas Rutledge, Charter Communications’ (CHTR) chair and CEO, stated that the company would look to acquire more cable assets if they were available.
Charter Communications (CHTR) has been boosting Internet speeds for its subscribers, allowing it to attract more subscribers, improve customer retention, and capitalize on growing demand for high-speed Internet amid the ongoing uptake of online entertainment services.
Charter Communications (CHTR) has diversified into the wireless space. The company is selling mobile services under the Spectrum Mobile brand. Charter Communications is following Comcast’s (CMCSA) footsteps. The Spectrum Mobile service is new—it was rolled out broadly in September. Comcast has been selling mobile services for a little more than a year under the Xfinity Mobile brand.
In the midst of a dramatic start to December, market news has taken a backseat to a surge in volatility and reactionary trading. However, volatility doesn’t stop the headlines, and there’s still big catalysts ...
Recently, Charter Communications (CHTR) fell below its 20-day moving average, which indicates bearish sentiment the stock. On December 12, Charter Communications stock closed the trading day at $316.78. Based on this figure, the stock was trading 0.9% below its 20-day moving average of $319.55, 0.5% below its 50-day moving average of $318.33, and 1.3% above its 100-day moving average of $312.63.
Apple (AAPL) has acquired early-stage artist development startup Platoon, according to Music Business Worldwide. Apple hasn’t disclosed its plans for Platoon. Spotify (SPOT), one of Apple’s main competitors in the music streaming industry, has taken to signing early-stage artists directly instead of going through record labels.
According to data compiled by Reuters as of December 12, 75% of the 28 analysts covering Charter Communications (CHTR) stock recommended a “buy,” 21% recommended a “hold,” and 4% recommended a “sell.”
During the UBS Global Media and Communications Conference held last week, Thomas Rutledge, Charter Communications’ (CHTR) chair and CEO, discussed the company’s top priorities for 2019. Rutledge stated that the company expects to wrap up the Time Warner Cable and Bright House Networks integration process by the end of 2018, with the benefits of recent investments materializing in 2019.
Programming costs are significant cost considerations for media companies. Charter Communications’ (CHTR) programming costs have been trending upward over the past few quarters, rising ~2.9% YoY (year-over-year) in the third quarter. Charter’s programming costs rose to $2.8 billion in the third quarter from $2.7 billion in the third quarter of 2017.
Mobile service providers are already staking their claims as the first company to roll out 5G in the coming months. This will form a mobile telecom company that can finally take on the two giants in AT&T and Verizon.
Both T-Mobile (TMUS) and Sprint (S) have high hopes that their proposed merger will pass the regulatory hurdle. The companies have argued that they need this merger to speed up 5G network development and provide meaningful competition to Verizon (VZ) and AT&T (T).
On December 10, Verizon (VZ) had a trailing-12-month EV-to-EBITDA (enterprise value-to-EBITDA) multiple of ~7.6x. Its peers T-Mobile (TMUS), AT&T (T), and Sprint (S) had trailing-12-month EV-to-EBITDA multiples of ~7.5x, ~7.4x, and ~4.6x, respectively. Verizon expects its EV-to-EBITDA in 2018 to be ~7.4x, while in 2019, it expects this multiple to be ~7.3x.
The only notice of the change was a Facebook posting. The point is that the proclamations of Facebook’s death and the demise of FB stock may be exaggerated. At its Dec. 13 lunch-time price of $143.60, Facebook stock has a market cap of about $412 billion.
The Nasdaq composite outperformed other key indexes as more growth stocks showed bullish chart action. Watch for potential new breakouts to emerge.
Verizon Communications Inc. (VZ), the largest telecom carrier in the U.S. with over 114 million subscribers, has been one of the best-performing large-cap stocks in the media and telecom industry over the last several years. Warning! GuruFocus has detected 4 Warning Sign with VZ. Verizon has gradually transitioned from the star quadrant to the cash cow quadrant of the BCG matrix.
Verizon’s (VZ) closing price on December 10 was $58.27. Based on that price, Verizon has a market cap of $240.8 billion—the highest among all major US mobile operators. The stock is trading 26.4% above its 52-week low of $46.09 per share and 5.4% below its 52-week high of $61.58 per share.