Stock of the Day for September 12, 2023

Charter Communications Stock Report

Charter Communications
CHTR 90-day performance NASDAQ:CHTR Charter Communications
Current Price
$293.16
-0.77 (-0.26%)
(As of 03/1/2024 08:51 PM ET)
30 Day Performance
-8.16%
  
  
90 Day Performance
-19.55%
  
  
1 Year Performance
-20.76%
  
  
Market Capitalization
$42.58B
P/E Ratio
9.77
Price Target
$416.75

About Charter Communications

Charter Communications Inc is a mass media and telecommunications company in Stamford, Connecticut. The company has become one of the largest cable and internet service providers in the United States since it was founded in 1993. Charter Communications serves over 30 million customers across 41 states. In addition to providing cable television and internet services, Charter offers home phone services, mobile services and advertising solutions. Key highlights of the company include its acquisition of Time Warner Cable in 2016, which made it the second-largest cable operator in the US and its launch of Spectrum Mobile, a mobile virtual network operator, in 2018.

Charter has seen steady growth in its financial metrics over the past few years. However, the company's debt levels have increased recently, with long-term debt rising from $64.2 billion in 2020 to $96 billion in 2023. This rise in debt is coupled with a stock price decrease of close to fifty percent from the third quarter of 2021 to the third quarter of 2022. 

Charter operates in the highly competitive telecommunications industry, undergoing significant changes due to technological advancements and shifting consumer preferences. The industry is dominated by a few prominent players, including Comcast, AT&T and Verizon. In addition, there has been a trend towards cord-cutting in recent years, as consumers increasingly opt for streaming services over traditional cable television. This trend has pressured cable companies to adapt and offer customers more flexible and affordable options. The industry is also subject to regulatory and political forces, with ongoing debates around net neutrality and the role of telecom companies in shaping public discourse.

Charter's leadership team changed hands in the fourth quarter of 2022 when Charter appointed previous COO Christopher Winfrey to the CEO lead, replacing CEO Thomas Rutledge, who had been at the helm for ten years. 

One of the key growth opportunities for Charter is its expansion into the mobile services market through Spectrum Mobile. The company launched Spectrum Mobile in 2018, leveraging its existing infrastructure to offer customers affordable mobile plans. Spectrum Mobile represents a significant growth opportunity for Charter as the demand for mobile services continues to grow. The company is also investing in its broadband network, with plans to extend its coverage and increase internet speeds in underserved areas.

One of the critical risks facing Charter is the ongoing trend towards cord-cutting, as customers increasingly opt for streaming services over traditional cable television. This trend has pressured cable companies to adapt and offer customers more flexible and affordable options. The industry is also subject to regulatory and political pressures, with ongoing debates around net neutrality and the role of telecom companies in shaping public discourse. As a result, Charter could face increased regulatory scrutiny, impacting its operations and financial performance. Another challenge for Charter is the potential for increased competition, particularly from new entrants to the market. The telecom industry is constantly evolving, with new technologies and players emerging. Charter must continue to innovate and invest in its network to remain competitive.

CHTR Company Calendar

FEB. 2, 2024
Last Earnings
MAR. 4, 2024
Today
APR. 26, 2024
Next Earnings (Estimated)
DEC. 31, 2024
Fiscal Year End

Recent Charter Communications News

CHTR Mar 2024 302.500 call
Charter Communications, Inc. Class A
CHTR Mar 2024 365.000 put
CHTR Mar 2024 320.000 put
Charter Communications Inc Director Craig Jacobson Sells Company Shares
Charter to Participate in Morgan Stanley Technology, Media & Telecom Conference
The Best and Worst Stocks in February: Disney, Charter, and More
This report was written by MarketBeat.com on September 12, 2023 and updated on March 4, 2024. This report first appeared on MarketBeat.com.