|Bid||307.28 x 1000|
|Ask||307.06 x 1200|
|Day's Range||301.24 - 308.38|
|52 Week Range||250.10 - 404.72|
|PE Ratio (TTM)||8.43|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||374.96|
There’s been yet another twist in AT&T’s (T) acquisition of Time Warner: the US Department of Justice (or DOJ) has appealed Judge Richard Leon’s decision to allow AT&T to acquire Time Warner for $85.4 billion, raising the possibility that the merger could be blocked. The appeal came after the companies faced the US DOJ’s objections for six weeks in court. The DOJ argued that the merger would hurt consumers by raising costs and minimizing competition in the pay-TV market.
Like other pay-TV service operators, AT&T (T) is facing a decline in US customers due to cord-cutting. In the second quarter, AT&T lost 286,000 satellite TV customers and added 24,000 U-verse TV customers. Meanwhile, Comcast (CMCSA) and Charter Communications (CHTR) lost 136,000 and 73,000 residential video customers, respectively. This reduction in pay-TV customers is mainly due to the growing popularity of OTT (over-the-top) video streaming services, which has shifted users’ focus from traditional linear TV.
Follow-on offering to $400 million floating rate notes issued July 3, 2018 STAMFORD, Conn. , Aug. 9, 2018 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") ...
Dish Network (DISH) has had a lower Dish TV churn rate in the last few quarters despite increased pressure from competitors with online streaming services. Dish’s churn rate was 1.46% in the second quarter, which was 1.47% lower sequentially and 1.83% lower YoY (year-over-year). The company has been making efforts to acquire higher-quality subscribers.
Dish Network’s (DISH) revenues have been declining YoY (year-over-year) for the past seven quarters. In the second quarter of 2018, its revenues reached $3.46 billion, down 5.02% YoY. But its revenues exceeded analysts’ expectations of $3.44 billion.
On August 3, Dish Network (DISH) stock soared 14.5% and closed at $34.20 after the company reported better-than-expected earnings and revenues for the second quarter of 2018. The US satellite TV provider also lost fewer satellite TV subscribers than expected, which gave the stock a boost. The company is also on track to build the first phase of its 5G (fifth-generation) wireless network.
After Disney's Fox deal closes, Disney must immediately sell off Fox's 22 regional sports networks. Disney says it's already having conversations, and seeing interest.
STAMFORD, Conn. , Aug. 6, 2018 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) (along with its subsidiaries, "Charter") today announced that Advance/Newhouse ("A/N") has ...
NEW YORK, NY / ACCESSWIRE / August 6, 2018 / Major U.S. markets closed higher on Friday and ended the week on a positive note, as outstanding corporate earnings offsets ongoing trade spats. The Dow Jones ...
In the second quarter, Frontier Communications’ (FTR) adjusted EBITDA fell ~3.5% YoY (year-over-year) to $884 million from $916 million, and ~2.6% sequentially from $908 million. This reduction was mainly due to seasonal customer activities, storms, and a reserve established for exiting a partnership. This year, Frontier expects adjusted EBITDA of ~$3.6 billion.
Out of the 29 analysts covering Charter, 22 analysts have rated the stock a “buy,” while six analysts rated the stock as a “hold.” Only one of the analysts have given the stock a “sell” rating. Analysts have set a target price of $371.96 for the stock and a median consensus estimate of $375.00. Charter is now trading at a ~18.8% discount to its consensus median target estimate.
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Charter Communications, Inc. (CHTR). On February 1, 2017, the New York Attorney General filed suit against Charter and its subsidiary Spectrum Management Holdings, LLC (formerly Time Warner Cable, Inc., which was acquired by Charter in May 2016), for fraudulently misleading consumers by promising internet service that they knew they could not deliver.
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.
In this part, we’ll look at how Frontier Communications (FTR) did in the video space in the second quarter. Frontier’s video customer count, including DISH subscribers, fell ~3.4% sequentially to ~1.1 million at the end of the second quarter. The wireline player lost 40,000 video customers in the quarter, including 8,000 DISH subscribers, mainly due to rapid growth in OTT (over-the-top) video viewing. In comparison, Charter Communications (CHTR) and Comcast (CMCSA) lost 73,000 and 136,000 residential video subscribers in the second quarter, respectively.
Frontier Communications (FTR) stock reacted negatively to the company’s second-quarter results, falling ~1.9% on August 1. Frontier reported wider-than-expected Q2 2018 losses on July 31 after the closing bell, while its revenue was in line with analysts’ expectation.
Charter Communications (CHTR) has been consistently allocating capital expenditure to improve its network. During its second-quarter conference call, management reported that the company had spent $2.4 billion on capital expenditure including $88 million in all-digital costs and $53 million in mobile launch costs. The 14.2% increase in capital spending was mostly due to higher expenditure on CPE (customer-premise equipment), scalable infrastructure, and support capital.
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.
Mess with a politically connected union, and you’ll be driven out of New York. The story began after the 2016 merger, as Charter negotiated a new collective-bargaining agreement with the International Brotherhood of Electrical Workers Local 3, which represents about 1,700 cable technicians. Charter, which does business in New York under the trade name Spectrum, offered union workers an average raise of 22%, effective immediately.
Let’s take a look at Charter Communications’ (CHTR) performance in terms of video customer net additions over the last few quarters. In 2016, Charter completed its merger with Time Warner Cable and Bright House Networks. With this merger, the new Charter Communications has become the third-largest pay-TV service provider in the United States after AT&T (T) and Comcast (CMCSA). Its residential video customers decreased ~0.4% sequentially to ~16.2 million at the end of 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.
Leading US cable TV operator Charter (CHTR) posted losses in residential video customers on a net basis during the second quarter of 2018. However, the decline in video customers was narrower than expected numbers. At the end of June 30, 2018, Charter had nearly 16.2 million residential video customers, down from its 16.5 million customer base six months back. Cable rival Comcast (CMCSA) also reported a loss of 136,000 residential video customers in the second quarter.
Charter Communications (CHTR) has been posting higher revenues on a sequential basis for the past five quarters. In the second quarter of 2018, the cable-TV operator delivered better-than-expected revenues, which were also up from the prior year and the first quarter of 2018. Charter posted revenues of $10.9 billion in the second quarter, which topped Wall Street expectations of $10.83 billion by 0.2%. The company also posted YoY growth of 4.8% from $10.4 billion in Q2 2017 and also grew 1.8% from the preceding quarter.
STAMFORD, Conn. , Aug. 1, 2018 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) today released the following statement: "In an effort to help bring about a resolution of outstanding disputed ...
STAMFORD, Conn. , Aug. 1, 2018 /PRNewswire/ -- Charter Communications, Inc. (NASDAQ: CHTR) today announced the introduction of its next generation Spectrum Wi-Fi router featuring 802.11ax technology. Charter ...