Altice USA (ATUS) Stock Forecast, Price & News

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last year. There are currently 1 sell rating, 10 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.
View ATUS analyst ratings or view top-rated stocks.

14 analysts have issued 12 month price objectives for Altice USA's stock. Their ATUS share price forecasts range from $2.00 to $31.00. On average, they anticipate the company's share price to reach $8.42 in the next year. This suggests a possible upside of 220.2% 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 2023. Since then, ATUS shares have decreased by 42.8% and is now trading at $2.63.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ATUS earnings forecast.

Altice USA, Inc. (NYSE:ATUS) posted its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The company earned $2.29 billion during the quarter, compared to the consensus estimate of $2.32 billion. Altice USA had a net margin of 0.25% and a negative trailing twelve-month return on equity of 16.96%. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS.

ETFs with the largest weight of Altice USA (NYSE:ATUS) stock in their portfolio include iShares U.S. Telecommunications ETF (IYZ), Roundhill IO Digital Infrastructure ETF (BYTE), Direxion Work From Home ETF (WFH), Invesco Russell 1000 Equal Weight ETF (EQAL), Defiance Next Gen Connectivity ETF (FIVG), iShares Factors US Value Style ETF (STLV), Vanguard Communication Services ETF (VOX) and Fidelity MSCI Communication Services Index ETF (FCOM).

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 $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 a variety of retail and institutional investors. Top institutional investors include AQR Capital Management LLC (3.55%), BlackRock Inc. (2.52%), Bank of America Corp DE (2.21%), Thompson Siegel & Walmsley LLC (1.58%), Raymond James & Associates (1.34%) and FMR LLC (1.24%). Insiders that own company stock include Abdelhakim Boubazine, Alt SARL Next, Charles Stewart, Colleen Schmidt, 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 $2.63.

Altice USA (NYSE:ATUS) has a market capitalization of $1.20 billion and generates $9.65 billion in revenue each year. The company earns $194.56 million in net income (profit) each year or $0.05 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.