CHTR - Charter Communications, Inc.
| Previous close | 436.31 |
| Open | 418.30 |
| Bid | 425.77 x 1100 |
| Ask | 426.54 x 800 |
| Day's range | 413.39 - 434.83 |
| 52-week range | 343.15 - 546.54 |
| Volume | 875,025 |
| Avg. volume | 1,865,219 |
| Market cap | 99.709B |
| Beta (5Y monthly) | 1.05 |
| PE ratio (TTM) | 57.15 |
| EPS (TTM) | 7.45 |
| Earnings date | 27 Apr 2020 - 03 May 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 545.83 |
- Reuters
U.S. Supreme Court orders reconsideration of racial bias claim against Charter Communications
The justices sent the case back to the San Francisco-based 9th U.S. Circuit Court of Appeals to take a second look at it after the Supreme Court ruled on March 23 in a similar lawsuit by Allen against Comcast Corp that the appeals court assessed the claims of racial bias using the wrong test. Comcast and Charter had refused to carry channels operated by Allen's Entertainment Studios Networks. The cases centred on whether under the Civil Rights Act of 1866, a post-Civil War law that forbids racial discrimination in business contracts, lawsuits like Allen's must show early on in the litigation that a failed deal was solely the result of discrimination.
- Simply Wall St.
Despite Its High P/E Ratio, Is Charter Communications, Inc. (NASDAQ:CHTR) Still Undervalued?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
- Zacks
What Makes Charter (CHTR) a New Buy Stock
Charter (CHTR) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
- Bloomberg
Broadband Seen as Haven as Investors Seek Stability
(Bloomberg) -- The broadband sector could become a safe haven for investors looking to store cash in the event of a financial crisis.Demand for internet access will be recession-proof, if history is an indicator. A Bureau of Labor Statistics analysis from 2009 to 2010 showed total household spending declined year-over-year while computer information and cable services spending increased. That may be even more the case now amid the coronavirus outbreak, as many Americans are working remotely from home and relying on streaming services like Netflix Inc. for entertainment.“The criticality of broadband has increased since the global financial crisis,” Gregory Williams, an analyst covering cable and satellite services at Cowen, said in a note to clients. It’s “now considered a fairly price inelastic utility-like necessity.”AT&T Inc., Charter Communications Inc., Comcast Corp. and Altice USA Inc. are among the long list of potential benefactors providing internet-based services across the U.S. Pure-play businesses like Charter are seen best positioned for upside. Shares of the Stamford, Connecticut-based company have fallen just 8% since the beginning of the year, compared to a 20% decline in the S&P 500 Index.Michael McKenzie, managing director of private investment firm Grain Management, said that broadband connections grew 15% from 2008 to 2009. While there’s no guarantee that will happen this time, the sector is likely to fare better than cable or entertainment peers as consumers look to cut discretionary spending.“I think it’s highly unlikely that [broadband connectivity] declines in a recession,” McKenzie said in an interview. It “should be a safe bet” given its historic stability, he said.McKenzie said there may be some “depressed” spending in certain sectors like hospitality. But in general, stocks linked to mobile network operators and tower owners will “tend to benefit from what we see coming out of this crisis.”(Corrects broadband connection growth in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Bloomberg
Bond ETFs Will Never Be the Same After Coronavirus
(Bloomberg Opinion) -- Fixed-income exchange-traded funds have always been, and will continue to be, a contentious subject. Just the idea of a liquidity mismatch between the products and the underlying securities raises tough questions. Which is the more accurate reflection of a market: the benchmark index full of bonds that don’t trade or the ETF that does?As with most things, the truth probably lies somewhere in the middle. But for now, bond ETFs across the world are trading at staggering discounts to their net asset values in what some have dubbed an “illiquidity doom loop.” More recently, that spiral has ensnared even funds that invest in some of the most stable fixed-income securities in the world. It’s one thing if the largest high-yield municipal-bond fund is going berserk — as I wrote last week, that could be chalked up in part to steeply repricing a few securities tied to senior-living facilities. It’s quite another for supposedly safe assets to get hammered. For better or worse, fixed-income ETFs can never be looked at quite the same way going forward.A Bloomberg News article on Friday spotlighted the $6.2 billion iShares Short Maturity Bond ETF (ticker: NEAR). As the name suggests, it holds very short-term corporate debt, with an average duration of less than a year. Some of its biggest holdings include debt from Charter Communications Inc., Ford Motor Co., General Electric Co. and CVS Health Corp., all of which matures within the next eight months. Some of these businesses have had their struggles, yes, but they’re not going belly-up imminently, even with the coronavirus outbreak.Heading into this month, NEAR never swung more than 0.25% in either direction at any point in the previous year. It traded in a 35-cent range over 12 months. Most days, it would barely move at all. Then, something snapped. On March 18, the fund dropped 1.4% in its sharpest decline since inception in 2013. On March 19 it collapsed, tumbling as much as 8.9% because of rumors that BlackRock Inc. was restricting cash redemptions for traders looking to redeem more than one unit. It closed down $3, equivalent to roughly 30 months of dividend payments. The Bloomberg Barclays Short-Term Government/Corporate Total Return Index, meanwhile, was little changed.“Equity-like risk with T-bill upside,” David Schawel, chief investment officer at Family Management Corp., quipped on Twitter. A BlackRock Inc. spokesman told Bloomberg News that the ETF paid out about $150 million in redemptions Thursday, all in cash.NEAR was hardly the only supposedly stable ETF that was slammed. Pacific Investment Management Co.’s Enhanced Short Maturity Active Exchange-Traded Fund (ticker: MINT) dropped 1.35% in the biggest one-day decline since 2009. The Fidelity Low Duration Bond Factor ETF (ticker: FLDR) crumbled 8.35% on March 12, then staged a big rebound of 7.1% on March 13 before losing 8.7% last week.My colleague Eric Balchunas at Bloomberg Intelligence refers to ETFs as a “release valve” for investors to find liquidity when it’s vanishing across bond markets and investors aren’t confident they can sell the underlying securities. It supports the argument that the funds are a better indication of where the market is clearing than the bonds themselves. Or, at the very least, ETFs get out ahead of the ups and downs to come. He said that a vast majority of purportedly bad optics aren’t really that bad at all.What happened to NEAR was different. On Twitter, Balchunas called the huge price drop “unacceptable.” It was a “bad move” by BlackRock, he said. The money manager realized its mistake and reversed course, he added, “but damage was done.” While it’s possible that NEAR and the other ETFs will recover soon from their violent drops and company missteps, this feels like a moment of truth for the fixed-income ETF industry. If investors are simply turning to them for instant price discovery and liquidity, then the funds have certainly held up their end of the bargain. If, however, institutions expected the ETFs to minimize tracking error to a benchmark index, they’ve been let down amid this market turmoil. Heading into Friday, roughly 70 fixed-income ETFs were trading with at least a 5% discount to their net asset value, and 16 traded at a discount of 10% or greater.Again, there could be a snapback. In fact, evidence of one began emerging on Friday across a range of fixed-income ETFs. After reaching a stunning 28% discount on March 18, the VanEck Vectors High Yield Municipal Index ETF (ticker: HYD) staged its biggest two-day advance since inception in 2009. Its short-term cousin, SHYD, surged 9.4% on Friday alone. It’s not clear whether that’s because the underlying securities have stopped selling off or just because the fund became so heavily discounted. If it’s the latter, then the open-end ETF has taken on similar characteristics as closed-end funds, with enterprising investors closing the NAV gap.None of this means the ETF industry is in jeopardy. It just means investors need to realize they won’t function as steady, index-based products during crisis-like periods. Investors were pulling cash from bond funds of all types at a record pace in the week through March 18, which is often the impetus for a vicious cycle. Combine that with a lack of liquidity as banks step back as market-makers, and it’s no wonder that ETFs spiraled. I have little doubt that fixed-income ETFs will get through this rough stretch. But the experience will forever change the conversation about how they’ll perform in a worst-case scenario. This column does not necessarily reflect the opinion of Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- TechCrunch
Charter staff told to report to offices despite positive coronavirus tests
Staff at telecommunications giant Charter Communications are still having to work from corporate offices — against the advice from the federal government — despite at least one employee testing positive for coronavirus and other staff coming into contact with another confirmed case. Dozens of other Charter employees have contacted TechCrunch in the past few days with concerns about their current working conditions. The employees we spoke to said that while Charter has the means to allow staff to work from home, executives are reluctant to relax the policy.
- Yahoo Finance
Internet providers are cutting data caps, increasing speeds as more Americans work from home
Internet service providers are working to ensure Americans stay online while they work form home by cutting data caps and suspending terminating service.
- Zacks
The Zacks Analyst Blog Highlights: Walmart, Pfizer, Charter Communications, Lockheed Martin and CME
The Zacks Analyst Blog Highlights: Walmart, Pfizer, Charter Communications, Lockheed Martin and CME
- Zacks
Top Stock Reports for Walmart, Pfizer & Charter Communications
Top Stock Reports for Walmart, Pfizer & Charter Communications
- Zacks
Why Charter (CHTR) Stock Might be a Great Pick
Charter (CHTR) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
- Simply Wall St.
Should We Be Cautious About Charter Communications, Inc.'s (NASDAQ:CHTR) ROE Of 5.1%?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
- Zacks
How Has CHTR Performed 30 Days Post Earnings
Charter (CHTR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Zacks
Media Stock Earnings Lineup for Feb 6: NWSA, WWE, LGF.A
Here we take a sneak peek into quarterly earnings expectations of three media stocks scheduled to report on Feb 6.
- Simply Wall St.
Results: Charter Communications, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Investors in Charter Communications, Inc. (NASDAQ:CHTR) had a good week, as its shares rose 6.6% to close at US$532...
- Zacks
Charter (CHTR) Q4 Earnings & Revenues Up Y/Y on User Growth
Charter's (CHTR) fourth-quarter 2019 results reflect growth in Internet, mobile, commercial and video revenues, and significant customer wins.
- Simply Wall St.
Is It Time To Consider Buying Charter Communications, Inc. (NASDAQ:CHTR)?
Charter Communications, Inc. (NASDAQ:CHTR) saw a decent share price growth in the teens level on the NASDAQGS over the...
- Zacks
Fox Corp. (FOXA) to Report Q2 Earnings: What's in Store?
Fox's (FOXA) second-quarter fiscal 2020 results are likely to reflect portfolio strength across entertainment, sports and news content, as well as a healthy advertising market.
- Zacks
Charter Communications (CHTR) Q4 Earnings and Revenues Surpass Estimates
Charter (CHTR) delivered earnings and revenue surprises of 34.80% and 0.35%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- Investing.com
Charter Communications Earnings, Revenue Beat in Q4
Investing.com - Charter Communications (NASDAQ:CHTR) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
- Zacks
Is a Surprise Coming for Charter (CHTR) This Earnings Season?
Charter (CHTR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- Zacks
Charter Communications (CHTR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Charter (CHTR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks
Stock Research Reports for Chevron, Accenture, Adobe & Others
Stock Research Reports for Chevron, Accenture, Adobe & Others
- Zacks
Is First Trust Multi Cap Growth AlphaDEX Fund (FAD) a Strong ETF Right Now?
Smart Beta ETF report for FAD
