New Lifetime High Reached: Charter Communications (CHTR)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Charter Communications as such a stock due to the following factors:
- CHTR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $543.9 million.
- CHTR has traded 44,677 shares today.
- CHTR is trading at a new lifetime high.
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More details on CHTR:
Charter Communications, Inc., through its subsidiaries, provides cable services in the United States. The company offers various entertainment, information, and communications solutions to residential and commercial customers. Currently there are 6 analysts that rate Charter Communications a buy, no analysts rate it a sell, and 5 rate it a hold.
The average volume for Charter Communications has been 2.2 million shares per day over the past 30 days. Charter has a market cap of $24.3 billion and is part of the services sector and media industry. The stock has a beta of 1.08 and a short float of 36.1% with 13.37 days to cover. Shares are up 18.6% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Charter Communications as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and poor profit margins.
Highlights from the ratings report include:
- Despite its growing revenue, the company underperformed as compared with the industry average of 9.7%. Since the same quarter one year prior, revenues slightly increased by 7.1%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Despite the fact that it has already risen in the past year, there is currently no conclusive evidence that warrants the purchase or sale of this stock.
- CHARTER COMMUNICATIONS INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. However, the consensus estimate suggests that this trend should reverse in the coming year. During the past fiscal year, CHARTER COMMUNICATIONS INC reported poor results of -$2.43 versus -$1.70 in the prior year. This year, the market expects an improvement in earnings (-$2.00 versus -$2.43).
- Net operating cash flow has decreased to $424.00 million or 19.69% when compared to the same quarter last year. In addition, when comparing the cash generation rate to the industry average, the firm's growth is significantly lower.
- The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Media industry. The net income has significantly decreased by 132.1% when compared to the same quarter one year ago, falling from -$81.00 million to -$188.00 million.
- You can view the full Charter Communications Ratings Report.
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