Altice USA, Inc. is engaged in providing broadband communications and video services in the United States. The Company's segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area. Cequel provides broadband, pay television and telephony services to residential and business customers in the south-central United States. It also provides services through ten states of Texas, West Virginia, Louisiana, Arkansas, North Carolina, Oklahoma, Arizona, California, Missouri and Ohio. The Company also provides Wi-Fi hotspot access content and advertising services. Broadband provides services, such as video streaming, content downloading for time-shifted video consumption and other applications delivered over OTT platforms. Pay Television provides services through cable network. Video services delivered over DSL networks.
Industry, Sector and Symbol:
- Sector: Telecommunications Services
- Industry: Integrated Telecommunications Services
- Sub-Industry: N/A
- Symbol: NASDAQ:ATUS
- CUSIP: N/A
- Web: alticeusa.com/
- Market Cap: $19.86 billion
- Outstanding Shares: 737,068,000
- 50 Day Moving Avg: $30.41
- 200 Day Moving Avg: $31.20
- 52 Week Range: $26.11 - $35.29
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 61.23
- P/E Growth: -12.67
- Annual Revenue: $9.2 billion
- Price / Sales: 2.16
- Book Value: $4.43 per share
- Price / Book: 6.08
- EBIDTA: $3.69 billion
- Net Margins: -20.39%
- Return on Equity: -63.90%
- Return on Assets: -5.28%
- Average Volume: 1.87 million shs.
- Short Ratio: 0.19
Frequently Asked Questions for Altice USA (NASDAQ:ATUS)
What is Altice USA's stock symbol?
Altice USA trades on the NASDAQ under the ticker symbol "ATUS."
When will Altice USA make its next earnings announcement?
Where is Altice USA's stock going? Where will Altice USA's stock price be in 2017?
12 brokerages have issued 1-year price targets for Altice USA's stock. Their predictions range from $31.00 to $44.00. On average, they expect Altice USA's stock price to reach $35.92 in the next year. View Analyst Ratings for Altice USA.
Who are some of Altice USA's key competitors?
Some companies that are related to Altice USA include BT Group PLC (BT), Telefonica Brasil SA (VIV), TELUS Corporation (TU), Telecom Italia S.P.A. (TI), Level 3 Communications (LVLT), Shaw Communications (SJR), CenturyLink (CTL), PLDT (PHI), KT Corporation (KT), Telecom Argentina Stet - France Telecom S.A. (TEO), Talktalk Telecom Group PLC (TALK), 8x8 (EGHT), Frontier Communications Corporation (FTR), Telecom plus PLC (TEP), Cincinnati Bell (CBB), ATN International (ATNI), KCOM Group PLC (KCOM) and IDT Corporation (IDT).
When did Altice USA IPO?
(ATUS) raised $1.4 billion in an initial public offering (IPO) on Thursday, June 22nd 2017. The company issued 46,600,000 shares at $27.00-$31.00 per share. J.P. Morgan, Morgan Stanley, Citigroup, Goldman, Sachs, BofA Merrill Lynch, Barclays, BNP PARIBAS, Deutsche Bank Securities and RBC Capital Markets acted as the underwriters for the IPO and Scotiabank, SOCIETE GENERALE and TD Securities were co-managers.
When did the company's quiet period expire?
Altice USA's quiet period expired on Tuesday, August 1st. Altice USA had issued 63,943,029 shares in its IPO on June 22nd. The total size of the offering was $1,918,290,870 based on an initial share price of $30.00. During the company's quiet period, underwriters and any insiders that worked on the IPO were prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.
Who owns Altice USA stock?
Altice USA's stock is owned by many different of institutional and retail investors. Top institutional investors include Canada Pension Plan Investment Board (17.11%), Franklin Resources Inc. (0.33%), Vanguard Group Inc. (0.32%), Egerton Capital UK LLP (0.00%), FMR LLC (0.27%) and Pelham Capital Ltd. (0.00%). Company insiders that own Altice USA stock include Abdelhakim Boubazine, Bc European Capital Ix Ltd, Lisa Rosenblum, Mark Mullen and Victoria Mink. View Institutional Ownership Trends for Altice USA.
Who bought Altice USA stock? Who is buying Altice USA stock?
Altice USA's stock was bought by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Franklin Resources Inc., Vanguard Group Inc., Egerton Capital UK LLP, FMR LLC, Pelham Capital Ltd., Citadel Advisors LLC and Winslow Capital Management LLC. Company insiders that have bought Altice USA stock in the last two years include Abdelhakim Boubazine, Lisa Rosenblum, Mark Mullen and Victoria Mink. View Insider Buying and Selling for Altice USA.
How do I buy Altice USA stock?
Shares of Altice USA can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Altice USA's stock price today?
MarketBeat Community Rating for Altice USA (NASDAQ ATUS)MarketBeat's community ratings are surveys of what our community members think about Altice USA and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Altice USA stock can currently be purchased for approximately $26.94.
Consensus Ratings for Altice USA (NASDAQ:ATUS) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||6 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.50)|
|Consensus Price Target: ||$35.92 (33.32% upside)|
Analysts' Ratings History for Altice USA (NASDAQ:ATUS)
(Data available from 9/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/15/2017||Guggenheim||Reiterated Rating||Buy -> Neutral||$31.00||High|
|8/23/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$31.00 -> $32.00||Low|
|8/8/2017||Pivotal Research||Reiterated Rating||Buy||$38.00||Low|
|7/26/2017||Wells Fargo & Company||Initiated Coverage||Market Perform -> Market Perform||$34.00||Low|
|7/18/2017||BNP Paribas||Initiated Coverage||Outperform -> Outperform||$36.00||Low|
|7/17/2017||Deutsche Bank AG||Initiated Coverage||Buy||$36.00||Low|
|7/17/2017||Citigroup Inc.||Initiated Coverage||Buy||$44.00||Low|
|7/17/2017||Bank of America Corporation||Initiated Coverage||Neutral||$36.00||Low|
|7/17/2017||J P Morgan Chase & Co||Initiated Coverage||Overweight||$39.00||Low|
|7/17/2017||Barclays PLC||Initiated Coverage||Equal Weight -> Equal Weight||$32.00 -> $32.00||Low|
|7/17/2017||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Neutral||$33.00||Low|
|7/17/2017||Royal Bank Of Canada||Initiated Coverage||Outperform -> Outperform||$40.00||Low|
Earnings History for Altice USA (NASDAQ:ATUS)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Altice USA (NASDAQ:ATUS)
Current Year EPS Consensus Estimate: $-0.71 EPS
Next Year EPS Consensus Estimate: $0.44 EPS
Dividend History for Altice USA (NASDAQ:ATUS)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Altice USA (NASDAQ:ATUS)Insider Trades by Quarter for Altice USA (NASDAQ:ATUS)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/27/2017||Abdelhakim Boubazine||Insider||Buy||65,000||$30.00||$1,950,000.00|| |
|6/27/2017||Bc European Capital Ix Ltd||Major Shareholder||Sell||36,197,360||$29.01||$1,050,085,413.60|| |
|6/27/2017||Lisa Rosenblum||Vice Chairman||Buy||3,000||$30.00||$90,000.00|| |
|6/27/2017||Mark Mullen||Director||Buy||5,000||$30.00||$150,000.00|| |
|6/27/2017||Victoria Mink||SVP||Buy||1,000||$30.00||$30,000.00|| |
Headline Trends for Altice USA (NASDAQ:ATUS)
Latest Headlines for Altice USA (NASDAQ:ATUS)
Altice USA (ATUS) Chart for Friday, September, 22, 2017