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4-Traders Homepage  >  Equities  >  Nasdaq  >  Charter Communications Inc    CHTR

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Charter Communications : Cable operator Charter to build new Connecticut headquarters

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10/03/2017 | 04:05pm CEST

STAMFORD, Conn. (AP) — Cable operator Charter Communications has announced plans to build a new 15-story headquarters in Connecticut and add another 1,100 jobs there, with the help of up to $20 million in loans and tax credits from the state.

The nation's second-largest cable operator disclosed plans for the Stamford headquarters Tuesday in an announcement with Democratic Gov. Dannel P. Malloy.

Charter has been based in Stamford since 2012. It has more than 26 million customers in 41 states.

The company says it will construct a 500,000 square-foot building and has agreed to $100 million in capital spending in the state over the next several years. The new headquarters is expected to open in 2019.

The state will provide a 10-year, $10 million low-interest loan and up to $10 million in tax credits.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed., source Associated Press News

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Financials ($)
Sales 2017 41 654 M
EBIT 2017 4 848 M
Net income 2017 989 M
Debt 2017 64 010 M
Yield 2017 -
P/E ratio 2017 92,65
P/E ratio 2018 47,10
EV / Sales 2017 4,00x
EV / Sales 2018 3,84x
Capitalization 102 B
Chart CHARTER COMMUNICATIONS INC
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Charter Communications Inc Technical Analysis Chart | CHTR | US16119P1084 | 4-Traders
Technical analysis trends CHARTER COMMUNICATIONS INC
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Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 407 $
Spread / Average Target 14%
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Managers
NameTitle
Thomas M. Rutledge Chairman & Chief Executive Officer
John Bickham President & Chief Operating Officer
Christopher L. Winfrey Chief Financial Officer & Executive VP
James A. Blackley EVP-Engineering & Information Technology
W. Lance Conn Independent Director
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