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Altice USA (ATUS) Stock Forecast, Price & News

$3.21
+0.17 (+5.59%)
(As of 09/27/2023 ET)
Compare
Today's Range
$2.97
$3.26
50-Day Range
$2.80
$3.64
52-Week Range
$2.01
$7.06
Volume
2.71 million shs
Average Volume
4.09 million shs
Market Capitalization
$1.46 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.88

Altice USA MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
145.6% Upside
$7.88 Price Target
Short Interest
Bearish
11.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
1.02mentions of Altice USA in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.56%
From $0.54 to $0.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.86 out of 5 stars

Computer And Technology Sector

482nd out of 604 stocks

Cable & Other Pay Television Services Industry

17th out of 22 stocks


ATUS stock logo

About Altice USA (NYSE:ATUS) Stock

Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications. It also provides voice over Internet protocol telephone services; and mobile services, such as data, talk, and text. In addition, the company offers Ethernet, data transport, IP-based virtual private networks, Internet access, and telephony services; hosted telephony services, managed Wi-Fi, managed desktop and server backup, and collaboration services comprising audio and web conferencing; fiber-to-the-tower services to wireless carriers; data services consisting of wide area networking and dedicated data access, as well as wireless mesh networks; and enterprise class telephone services that include traditional multi-line phone service. Further, it provides business e-mail, hosted private branch exchange, web space storage, and network security monitoring; and international calling and toll free numbers. Additionally, the company offers audience-based and IP-authenticated cross-screen advertising solutions; and television and digital advertising services, as well as operates news channels under the News 12 Networks, Cheddar, and i24NEWS names. It also provides broadband communications and video services under the Optimum and Suddenlink brands. The company was incorporated in 2015 and is headquartered in Long Island City, New York.

ATUS Price History

ATUS Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Altice USA Q2: Broadband Triumphs But Stock Slumps
Altice USA Reports Second Quarter 2023 Results
Goldman Sachs Sticks to Their Hold Rating for Altice Usa (ATUS)
See More Headlines
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ATUS Company Calendar

Last Earnings
8/02/2023
Today
9/27/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
N/A
Previous Symbol
NASDAQ:ATUS
Fax
N/A
Employees
11,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.88
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+151.0%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
13 Analysts

Profitability

Net Income
$194.56 million
Pretax Margin
2.99%

Debt

Sales & Book Value

Annual Sales
$9.65 billion
Cash Flow
$4.24 per share
Book Value
($1.10) per share

Miscellaneous

Free Float
210,994,000
Market Cap
$1.43 billion
Optionable
Optionable
Beta
1.42
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Key Executives

  • Mr. Dennis Mathew
    CEO & Chairman
  • Mr. Michael E. OlsenMr. Michael E. Olsen (Age 58)
    Gen. Counsel & Chief Corp. Responsibility Officer
    Comp: $812.2k
  • Ms. Colleen  SchmidtMs. Colleen Schmidt (Age 54)
    Exec. VP of HR
    Comp: $761.24k
  • Mr. Dexter G. Goei (Age 51)
    Exec. Director
    Comp: $3.69M
  • Mr. Marc Sirota
    Chief Financial Officer
  • Ms. Maria Bruzzese (Age 58)
    Sr. VP & Chief Accounting Officer
  • Mr. Nick Brown
    Exec. VP of Corp. Fin. & Devel.
  • Mr. Luciano Ramos
    Exec. VP and Chief Technology & Information Officer
  • Ms. Lisa Gonzalez Anselmo
    Exec. VP of Communications & Chief Diversity Officer
  • Mr. Ben Collier
    Sr. VP of Brand, Marketing & Media













ATUS Stock - Frequently Asked Questions

Should I buy or sell Altice USA stock right now?

13 Wall Street research 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 research 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.
View ATUS analyst ratings
or view top-rated stocks.

What is Altice USA's stock price forecast for 2023?

13 analysts have issued 12-month price targets for Altice USA's shares. Their ATUS share price forecasts range from $2.00 to $31.00. On average, they predict the company's share price to reach $7.88 in the next twelve months. This suggests a possible upside of 151.0% from the stock's current price.
View analysts price targets for ATUS
or view top-rated stocks among Wall Street analysts.

How have ATUS shares performed in 2023?

Altice USA's stock was trading at $4.60 at the beginning of the year. Since then, ATUS stock has decreased by 31.7% and is now trading at $3.14.
View the best growth stocks for 2023 here
.

Are investors shorting Altice USA?

Altice USA saw a decline in short interest during the month of August. As of August 15th, there was short interest totaling 24,900,000 shares, a decline of 7.8% from the July 31st total of 27,020,000 shares. Based on an average trading volume of 4,480,000 shares, the short-interest ratio is currently 5.6 days. Approximately 12.2% of the shares of the company are sold short.
View Altice USA's Short Interest
.

When is Altice USA's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ATUS earnings forecast
.

How were Altice USA's earnings last quarter?

Altice USA, Inc. (NYSE:ATUS) posted 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 firm earned $2.32 billion during the quarter, compared to analyst estimates of $2.32 billion. Altice USA had a negative trailing twelve-month return on equity of 16.96% and a negative net margin of 0.04%. The company's revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 earnings per share.

What ETFs hold Altice USA's stock?

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).

What other stocks do shareholders of Altice USA own?

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).

When did Altice USA IPO?

(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 served as the underwriters for the IPO and Scotiabank, SOCIETE GENERALE and TD Securities were co-managers.

What is Altice USA's stock symbol?

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

Who are Altice USA's major shareholders?

Altice USA's stock is owned by many different retail and institutional investors. Top institutional investors 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.
View institutional ownership trends
.

How do I buy shares of Altice USA?

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.
Compare Top Brokerages Here.

What is Altice USA's stock price today?

One share of ATUS stock can currently be purchased for approximately $3.14.

How much money does Altice USA make?

Altice USA (NYSE:ATUS) has a market capitalization of $1.43 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.

How many employees does Altice USA have?

The company employs 11,000 workers across the globe.

How can I contact Altice USA?

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.

This page (NYSE:ATUS) was last updated on 9/27/2023 by MarketBeat.com Staff

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