Altice USA (ATUS) Stock Forecast, Price & News

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.

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.

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.

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.

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

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.

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 served 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 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.

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.

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

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.

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.