Charter CEO Lovett Looking into a Venture with Verizon

Cable company Charter Communications Inc. (NASDAQ:CHTR) CEO Michael Lovett has expressed his interest in discussing a tie-up with mobile phone operator Verizon Wireless (NYSE:VZ).

Charter is probably playing “me, too” after cable giants Comcast Corp (CMCSA) and Time Warner (NYSE:TWC) last week joined with Verizon for marketing cellular phone services to their customers.

Here’s how these stocks are trading on the news:

Charter Communications, Inc. (NASDAQ:CHTR): CHTR shares recently traded at $52.05, up $0.01, or 0.02%. They have traded in a 52-week range of $35.35 to $61.15. Volume today was 10,779 shares versus a 3-month average volume of 366,205 shares. The company’s trailing earnings are $-3.48 per share.

Time Warner Cable Inc. (NYSE:TWC): TWC shares recently traded at $63.01, up $0.3, or 0.48%. They have traded in a 52-week range of $57.15 to $80.86. Volume today was 137,846 shares versus a 3-month average volume of 2,828,650 shares. The company’s trailing P/E is 14.55, while trailing earnings are $4.33 per share.

Verizon Communications Inc. (NYSE:VZ): VZ shares recently traded at $38.14, up $0.09, or 0.24%. They have traded in a 52-week range of $32.28 to $38.95. Volume today was 680,621 shares versus a 3-month average volume of 15,786,100 shares. The company’s trailing P/E is 15.34, while trailing earnings are $2.49 per share.

Comcast Corporation (NASDAQ:CMCSA): CMCSA shares recently traded at $23.24, up $0.09, or 0.39%. They have traded in a 52-week range of $19.19 to $27.16. Volume today was 1,019,755 shares versus a 3-month average volume of 19,772,800 shares. The company’s trailing P/E is 16.72, while trailing earnings are $1.39 per share.

More from The Cheat Sheet