|Bid||327.62 x 100|
|Ask||328.02 x 200|
|Day's range||326.15 - 329.97|
|52-week range||308.30 - 408.83|
|PE ratio (TTM)||9.62|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The Zacks Analyst Blog Highlights: Charter Communications, Mondelez, Halliburton, JetBlue, ONEOK and Fujifilm
Comcast (CMCSA) is increasing Internet speeds for its customers in Northeastern states such as Pennsylvania and New Jersey at no additional cost to customers. The majority of customers in Comcast’s Northeast division will likely see an increase of 50 Mbps in their download speeds. “With new devices coming online for consumers every day, we’re committed to offering the fastest speeds and the best features and overall experience so our customers can take advantage of the technology available,” said Kevin Casey, the head of Comcast’s Northeast division.
Intense competition in the multi-channel U.S. video market and cord cutting continue to bother Charter Communications (CHTR). We also view the company's high debt level as a potential hazard.
According to the multiyear distribution agreement, Charter will provide Viacom’s channels and cable network to Spectrum subscribers across its systems. The companies also entered into a new co-production deal for original content.
The Walt Disney Company (DIS) is joining the bandwagon of companies that are passing their tax benefits on to their employees in the form of bonuses. Disney recently announced that it would pay a one-time special bonus of $1,000 to nearly 125,000 of its US employees following the US tax reform. The company also announced that it would initially invest in a new education program worth $50 million to cover tuition costs for hourly employees.
Casa Systems — which just went public in mid-December — already is seen as well-positioned and could be a key broadband supplier.
For about six years, Sprint (S) waged courtroom battles with Cox Communications, but the companies recently settled their differences and subsequently entered a multiyear business deal. In 2011, Sprint sued several cable companies including Comcast (CMCSA), Cox, Cable One (CABO), and Time Warner Cable for allegedly infringing its patents related to digital voice transmission. Last year, Sprint sued Mediacom over the same patents.
Total customer relationships of Altice USA Inc. (ATUS) in the fourth quarter were 4.9603 million, including 4.535 million connections for the Residential segment and 0.3713 million connections for the SMB segment.
Comcast (CMCSA) has a high level of capital spending since it’s focused on enhancing its network capacity, improving its investment in line extensions, and enhancing its infrastructure and theme parks. In 4Q17, its capex (capital expenditure) increased 5.4% to $2.7 billion. Its cable segment’s capex rose 2.8% to $2.2 billion, and its NBCUniversal segment’s capex was $525 million, a 13.6% rise YoY (year-over-year) from 4Q16.
Comcast (CMCSA) has been losing its voice customers over the past year, and its voice revenues are thus declining. In the quarter ended December 31, 2017, the media and cable giant reported voice revenues of $832 million, a decline of 4.6% from $873 million in 4Q16. The decline in Comcast’s voice revenues is primarily due to a distribution of voice revenue to customers having bundled services and a decrease in the number of residential voice customers.
Charter Communications Inc must face a lawsuit by New York's attorney general accusing the cable company of providing customers slower-than-advertised internet speeds, a New York state judge ruled. Justice O. Peter Sherwood of the state Supreme Court in Manhattan rejected Charter's claim that Attorney General Eric Schneiderman failed to plausibly allege the company had short-changed and misled customers.