Altice USA (ATUS) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last year. There are currently 1 sell rating, 9 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ATUS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ATUS, but not buy additional shares or sell existing shares.
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13 equities research analysts have issued 1 year target prices for Altice USA's shares. Their ATUS share price forecasts range from $2.00 to $31.00. On average, they anticipate the company's stock price to reach $7.88 in the next year. This suggests a possible upside of 131.8% from the stock's current price.
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Altice USA's stock was trading at $4.60 at the start of the year. Since then, ATUS stock has decreased by 26.1% and is now trading at $3.40.
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Altice USA saw a drop in short interest in the month of August. As of August 15th, there was short interest totaling 24,900,000 shares, a drop of 7.8% from the July 31st total of 27,020,000 shares. Based on an average daily trading volume, of 4,480,000 shares, the short-interest ratio is presently 5.6 days. Currently, 12.2% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
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Altice USA, Inc. (NYSE:ATUS) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.12. The business earned $2.32 billion during the quarter, compared to the consensus estimate of $2.32 billion. Altice USA had a negative net margin of 0.04% and a negative trailing twelve-month return on equity of 16.96%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS.

ETFs with the largest weight of Altice USA (NYSE:ATUS) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE) and Direxion Work From Home ETF (WFH).SRH U.S. Quality ETF (SRHQ).

Based on aggregate information from My MarketBeat watchlists, some companies that other Altice USA investors own include Bank of America (BAC), Intelsat (I), Ciena (CIEN), Fossil Group (FOSL), AMC Entertainment (AMC), Abercrombie & Fitch (ANF), Intel (INTC), Apollo Global Management (APO), AT&T (T) and Cypress Semiconductor (CY).

(ATUS) raised $1.4 billion in an IPO on Thursday, June 22nd 2017. The company issued 46,600,000 shares at a price of $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.

Altice USA trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATUS."

Altice USA's stock is owned by many different retail and institutional investors. Top institutional shareholders include Redwood Capital Management LLC (3.52%), Marshall Wace LLP (2.08%), Thompson Siegel & Walmsley LLC (1.69%), Raymond James & Associates (1.10%), Hudson Bay Capital Management LP (0.98%) and BlackRock Inc. (0.98%). Insiders that own company stock include Alt SARL Next, Charles Stewart, Gerrit Jan Bakker, Michael Grau, Michael Olsen and Susan C Schnabel.
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Shares of ATUS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ATUS stock can currently be purchased for approximately $3.40.

Altice USA (NYSE:ATUS) has a market capitalization of $1.55 billion and generates $9.65 billion in revenue each year. The company earns $194.56 million in net income (profit) each year or ($0.01) on an earnings per share basis.

The company employs 11,000 workers across the globe.

Altice USA's mailing address is 1 Court Square West, Long Island City NY, 11101. The official website for the company is www.alticeusa.com. The company can be reached via phone at (516) 803-2300 or via email at nick.brown@alticeusa.com.