Wall Street analysts expect Comcast to report sales of $26.75 billion in the first quarter—a fall of 0.4% YoY compared to $26.86 billion in the first quarter of 2019.
On Wednesday, Comcast (NASDAQ:CMCSA) stock fell 5.7% and closed at $32.42 with a market cap of $147.6 billion. Is the stock a good option for investors?
Comcast (NASDAQ:CMCSA) stock rose 2.40% on Monday to $34.17. Notably, the Supreme Court sided with Comcast in a high-stakes racial discrimination case.
On Tuesday, Comcast (NASDAQ:CMCSA) stock fell 2.54% and closed at $41.44. Based on the last closing price, the company has a market cap of $188.7 billion.
On December 27, T-Mobile’s market cap was $66.1 billion, and AT&T’s was $286.7 billion. Lately, the US wireless industry has seen nationwide consolidation.
On December 13, AT&T declared a quarterly dividend of $0.52. The dividend will be paid on February 3, 2020, to shareholders of record as of January 10.
On Thursday, AT&T announced that it would launch AT&T TV nationwide in February 2020. It runs on a 4K-capable Android TV box, which is self-installable.
Dish and Comcast have teamed up to challenge Google and Facebook for ad dollars. Television operators want to use brand safety concerns to their advantage.
Dish Network (DISH) is fighting pirate IPTV providers. Although the company sued and settled with several pirate IPTV providers, the crackdown continues.
AT&T stock rose 0.6% on Tuesday and closed the trading day at $37.55. At this closing price, AT&T’s market capitalization stands at about $274.3 billion.
For a company whose main business continues to struggle, Dish (DISH) has fared well in stock markets this year. The stock has gained about 40% year-to-date.
Charter Communications stock has risen about 64% on a year-to-date basis as of Tuesday. The company’s strong financial performance drove its share prices higher in 2019.
In April 2020, Comcast’s NBCUniversal unit plans to launch Peacock, its streaming video service. Its 15,000 hours of programming should include The Office.
After Walt Disney released its fiscal 2019 fourth-quarter earnings yesterday, its stock jumped more than 5.0%. Its Disney+ launch is reportedly on schedule.
The leading cable giant, Comcast (CMCSA), releases its Q3 earnings tomorrow before the market bell. Wall Street is positive, but should you buy the stock?
AT&T (T) stock fell about 1% on Thursday. The stock closed the trading day at $38.38. The stock is trading just 0.95% below the 52-week high of $38.75.
When AT&T acquired Time Warner, it said that the move would boost its traditional pay-TV and wireless businesses. AT&T hasn’t been keeping its promise.
Disney (DIS) plans to introduce a bundled video package that includes Hulu, ESPN+, and Disney+. DIS plans to address password sharing on these services.
Comcast (CMCSA) shares popped after Goldman Sachs issued a positive note on the company recently. Goldman upgraded its rating for Comcast to “buy” from “hold.”
On July 2, cable giant Dish Network (DISH) agreed to a deal with US mobile carrier T-Mobile US (TMUS) to help T-Mobile complete its $26.5 billion merger with Sprint (S).
On June 25, Comcast had a market cap of $194.0 billion. Charter Communications (CHTR) and Dish Network (DISH) had market caps of $87.9 billion and $17.7 billion, respectively.
Comcast (CMCSA) has expanded the streaming media options for its television customers by adding Amazon’s (AMZN) digital music service to its Xfinity X1 platform.
On June 21, Frontier Communications (FTR) had a trailing 12-month EV-to-EBITDA multiple of 4.94x. As of June 21, Frontier Communications had a market capitalization of $0.15 billion.
As of the closing on June 25, Charter Communications (CHTR) stock was trading at $390.91. On the downside, the company’s immediate support lies near $386.95.
In the first quarter, Charter Communications repurchased 2.9 million shares worth $1.0 billion. Since September 2016, the company has repurchased $20.7 billion worth of its common stock.
On June 21, CenturyLink stock closed the trading day at $11.34. On the downside, the company’s immediate support lies near $11.26, while $11.42 could act as an immediate resistance level on a daily basis.
According to analysts’ consensus, CenturyLink (CTL) stock has a mean target price of $12.77 and a current market price of $11.35, which suggests an upside potential of 12.5% in the next 12 months.
On June 20, CenturyLink was trading at a 12-month forward PE ratio of 8.60x. Charter Communications and Comcast’s 12-month forward PE ratios were 38.15x and 13.65x, respectively.
Analysts have set a mean target price of $410.15 on Charter Communications stock, which implies a potential return of 3.8% based on its closing price of $395.21 on June 18.
In the first quarter, Charter Communications (CHTR) reported total revenues of $11.2 billion—a rise of 5.2% year-over-year and $7 million ahead of the consensus estimate.
Charter Communications stock is trading at a forward PE ratio of 38.44x. The company’s earnings are expected to rise 42.9% in 2019 and 75.7% in 2020. The stock looks undervalued considering the PE ratio.
On June 18, Bloomberg reported that Dish Network (DISH) is in talks to pay ~$6 billion for T-Mobile (TMUS) and Sprint’s (S) assets. Dish Network stock rose ~0.3% and closed at $39.10 on June 18.
On June 12, Bloomberg reported that top cable companies Charter Communications (CHTR), Dish Network (DISH), and Altice USA (ATUS) are interested in acquiring the assets that T-Mobile (TMUS) is planning to divest to win regulatory approval for its $26 billion acquisition of Sprint (S).
On June 11, Charter Communications (CHTR) had a market cap of $88.1 billion. Meanwhile, Comcast (CMCSA) and Dish Network (DISH) had market caps of $187.1 billion and $17.5 billion, respectively.
Charter Communications (CHTR) has been consistently spending on capex to improve its network. The company expects its capex to be lower this year than last year, mainly due to its completion of all-digital and DOCSIS 3.1 upgrades.
Like other cable companies, Charter Communications (CHTR) hasn’t escaped the challenge of cord cutting, as consumers are increasingly dropping traditional pay-TV plans for OTT (over-the-top) video streaming services such as Netflix (NFLX) and Amazon Prime Video.
