Altice USA Stock Price, News & Analysis (NYSE:ATUS)

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last twelve months. There are currently 2 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ATUS shares.
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6 Wall Street analysts have issued 1-year price objectives for Altice USA's stock. Their ATUS share price targets range from $1.20 to $18.00. On average, they expect the company's share price to reach $4.82 in the next twelve months. This suggests a possible upside of 109.6% from the stock's current price.
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Altice USA's stock was trading at $4.60 at the beginning of the year. Since then, ATUS shares have decreased by 50.0% and is now trading at $2.30.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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Altice USA, Inc. (NYSE:ATUS) announced its earnings results on Wednesday, November, 1st. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.06. The business earned $2.32 billion during the quarter, compared to the consensus estimate of $2.29 billion. Altice USA had a negative net margin of 0.24% and a negative trailing twelve-month return on equity of 16.96%. Altice USA's revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share.

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 initial public offering (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's stock is owned by a number of retail and institutional investors. Top institutional investors include Clarkston Capital Partners LLC (8.33%), AQR Capital Management LLC (2.88%), Loomis Sayles & Co. L P (1.71%), Thompson Siegel & Walmsley LLC (1.42%), Massachusetts Financial Services Co. MA (1.19%) and Raymond James & Associates (1.07%). 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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