Notable Stock to Watch: Charter Communications (NASDAQ:CHTR)

Charter Communications (NASDAQ:CHTR) spotted trading 0.18% off 52-week high price. On the other end, the stock has been noted 58.63% away from the low price over the last 52-weeks. The stock changed 2.35% to recent value of $432.92. The stock transacted 1304401 shares during most recent day however it has an average volume of 1182.63K shares. The company has 223.45M of outstanding shares and 158.41M shares were floated in the market.

On Oct. 15, 2019, Charter Communications (NASDAQ:CHTR) released that its subsidiaries, Charter Communications Operating, LLC and Charter Communications Operating Capital Corp., have priced $1.5 billion in aggregate principal amount of senior secured notes due 2050 (the Notes). The Notes will bear interest at a rate of 4.800% per annum and will be issued at a price of 99.436% of the aggregate principal amount.

Charter intends to use the net proceeds from the sale of the Notes for general corporate purposes, including to fund potential buybacks of Class A common stock of Charter or common units of Charter Communications Holdings, LLC and to repay certain indebtedness. Charter expects to close the offering of the Notes on October 24, 2019, subject to customary closing conditions.

The offering and sale of the Notes were made pursuant to an effective automatic shelf registration statement on Form S-3 filed with the Securities and Exchange Commission (the SEC).

Its earnings per share (EPS) expected to touch remained 90.40% for this year while earning per share for the next 5-years is expected to reach at 45.94%. CHTR has a gross margin of 51.50% and an operating margin of 12.90% while its profit margin remained 3.00% for the last 12 months.

According to the most recent quarter its current ratio was 0.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.02% from the mean of 20 days, 6.22% from mean of 50 days SMA and performed 16.50% from mean of 200 days price. Company’s performance for the week was 1.13%, 2.28% for month and YTD performance remained 51.92%.

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