Technical Analysis for Charter and Its Peers
On July 24, 2017, Charter was trading 4.5% above its 100-day moving average.
On July 24, 65% covered CHTR of the analysts recommended a “buy,” and 35% recommended a “hold.” There are no “sell” recommendations on the stock.
On July 24, 2017, AT&T (T) was the largest US telecom giant by market capitalization at ~$222.7 billion, followed by Verizon (VZ) at ~$178.3 billion.
In 1Q17, on a net basis, Charter Communications lost 100,000 video customers compared to net additions of 24,000 video customers in 1Q16.
In 1Q17, Charter Communications spent ~$1.6 billion on capex, which includes $76 million on transition-related costs.
Wall Street analysts expect Charter’s consolidated adjusted EBITDA to reach ~$3.8 billion in 2Q17.
In 1Q17, Charter’s Internet segment continued to drive revenue growth for its residential services.
Wall Street analysts anticipate Charter Communications’ adjusted earnings per share to reach ~$1.01 in 2Q17.
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On July 21, 2017, Verizon was trading 5.9% below its 100-day moving average. In comparison, AT&T (T) was trading approximately 6.4% below its 100-day moving average.
On July 21, 2017, Verizon’s (VZ) stock price closed at $44.23. The company’s stock price fell 20.1% in the trailing year.
Many wireless carriers are currently opting for 5G (fifth-generation) technology for network reliability and higher speeds.
Network performance is the essential factor that impacts customer retention. Verizon (VZ) continues to safeguard and grow the company’s position as the market leader in network connectivity….
Now we’ll take a look at Verizon’s (VZ) future anticipated spending on capital expenditures, or capex.
On June 13, 2017, Verizon (VZ) sealed the acquisition of Yahoo, marking the end of a deal that was announced in July 2016.
A main driver of Verizon’s (VZ) wireline component is its FiOS service. Verizon’s FiOS is a fiber-optic network service that offers subscribers Internet, voice, and video services.
Wall Street anticipates Verizon’s wireless service revenues to accelerate their decline in 2Q17 to ~7.2% YoY (year-over-year).
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