|Bid||297.11 x 800|
|Ask||303.00 x 1100|
|Day's Range||292.39 - 302.43|
|52 Week Range||250.10 - 408.83|
|PE Ratio (TTM)||8.53|
|Earnings Date||Jul 25, 2018 - Jul 30, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||376.28|
The Net Neutrality laws, which were repealed by the Federal Communications Commission (“FCC”) on Dec 14, 2017, finally received the death knell on Jun 11. The newly constructed FCC under Trump administration with Ajit Pai at the helm rescinded the Obama-era open-Internet rules. Notably, the rules had altered the dynamics of the Internet Service Providers (ISP) industry.
NEW YORK , June 22, 2018 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ:CHTR) today announced the launch of Spectrum Business Internet Gig in New York City , featuring the deployment of DOCSIS 3.1 ...
Charter Communications (CHTR) has been consistently investing in capital expenditures (or capex) to improve its network. In the first quarter, Charter Communications had spent $2.2 billion on capital expenditures, compared to $1.6 billion on capex in the first quarter of 2017. This growth in capex has been primarily due to higher spending on CPE (customer premise equipment), scalable infrastructure, and support capital.
In the note, Goldman Sachs analyst Brett Feldman upgraded the stocks to buy from neutral, citing their high scores across three important factors that contribute to the success of telecom companies; strong network assets and capabilities, large customer bases and strong financials.
Repurchasing shares is one of the ways Charter Communications (CHTR) returns value to its shareholders. In the first quarter, it repurchased 2.0 million shares worth $0.7 billion. In fiscal 2017, the company spent $13.2 billion on share buybacks.
Charter Communications (CHTR) is witnessing ongoing growth in its core operating profitability, primarily to reflect strong cost management. Its adjusted EBITDA margin rose from 35.9% in the first quarter of 2017 to 36.5% in the first quarter. According to Tom Rutledge, the CEO of Charter Communications, “Margins will improve.
Goldman’s Brett Feldman upgraded Verizon and Charter from Neutral to Buy, with price targets raised from $51 to $56 and from $315 to $361, respectively. Charter received a downgrade from Buy to Neutral with a price target cut from $63 to $39.
Billionaire cable titan John Malone is the best known cable entrepreneur in the United States. Predicting a U.S. cable recovery, Nitin Sacheti, the Founder and Portfolio Manager of Papyrus Capital, submitted a long report on GLIBA to SumZero last week. His research on GLIBA is grounded in Papyrus' extensive due diligence on the 5G industry. This included discussions with the Chairmen/CEOs of multiple Liberty cable companies (including Malone), senior employees of Dish's wireless and satellite businesses, and a wide variety of experts at trade shows. The publication of his piece was covered in Bloomberg, and less than a week after publication Goldman Sachs upgraded CHTR to a Buy rating.
When it comes to telecom, Goldman Sachs prefers Verizon Communications (VZ) and Charter Communications (CHTR). Analyst Brett Feldman upgraded both stocks to Buy from Neutral on Thursday, adding $5 to his Verizon price target, which now stands at $56, and boosting his Charter price target to $361 from $315.
Charter Communications’ (CHTR) closing price on June 18 was $295.25 per share. Based on that closing price, Charter Communications has a market capitalization of ~$70.2 billion. The company’s highest 52-week price stands at $408.83 per share, while its lowest 52-week price was $250.10 per share.
On June 18, AT&T (T) was the largest US telecom company by market capitalization. AT&T’s market cap was ~$197.7 billion, followed by Verizon (VZ) at ~$196.1 billion. Charter Communications (CHTR) had a market cap of ~$70.2 billion on that date, as shown in the chart below.
MARKET PULSE Shares of Verizon Communications Inc. (vz) are up 1.3% in premarket trading Thursday, while Charter Communications Inc. (chtr) shares are up 1.9%, after Goldman Sachs analyst Brett Feldman upgraded both stocks to buy from neutral.
Goldman Sachs upgraded Verizon and Charter Communications to buy from neutral, believing the broadband providers have been unfairly punished as other telecommunications giants pursue costly acquisitions. "We believe that broad underperformance across the sector has been driven by a few key factors, including concerns about fundamental headwinds, M&A uncertainty and rising interest rates," the Goldman note stated. Verizon VZ and Charter CHTR are down 9 percent and 14 percent respectively this year amid a judge's approval of AT&T T 's blockbuster deal for Time Warner and a bidding war for certain Twenty-First Century Fox assets between Disney DIS and Comcast CMCSA .
Despite reporting the loss of thousands of residential pay-TV customers in the first quarter, Charter Communications (CHTR) says it has no immediate plans to join the streaming video bandwagon. Its peers AT&T (T) and Dish Network (DISH) have responded to the disruption of over-the-top video (or OTT) by launching streaming video services. Why isn’t Charter Communications interested in following suit?
Charter Communications (CHTR) is witnessing ongoing growth in its broadband customer base, given the faster speeds. In the first quarter, Charter’s net broadband additions totaled 331,000 customers.
Charter Communications (CHTR) has reportedly moved closer to launching its wireless service, Spectrum Mobile, with the help of its MVNO (mobile virtual network operator) agreement with Verizon (VZ). According to a BGR report, Charter Communications is expected to launch its wireless service on June 30. The new service is expected to offer unlimited data for $45 per month.
STAMFORD, Conn. , June 19, 2018 /PRNewswire/ -- At the HITEC Houston 2018 conference, Spectrum Enterprise, a part of Charter Communications, Inc. (NASDAQ: CHTR), today announced an expansion of its Enterprise ...
LONDON, UK / ACCESSWIRE / June 19, 2018/ If you want a free Stock Review on DISCA sign up now at www.wallstequities.com/registration. WallStEquities.com has selected the following CATV Systems equities for review this morning: Charter Communications Inc. (NASDAQ: CHTR), Discovery Inc. (NASDAQ: DISCA), DISH Network Corp. (NASDAQ: DISH), and Liberty Global PLC (NASDAQ: LBTYA). Shares in Stamford, Connecticut-based Charter Communications Inc. saw a slight decline of 0.66%, ending Monday’s trading session at $295.25.
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 ...