Altice USA - ATUS Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last twelve months. There are currently 1 sell rating, 10 hold ratings and 4 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.
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15 analysts have issued 1-year price targets for Altice USA's stock. Their ATUS share price forecasts range from $2.00 to $31.00. On average, they expect the company's share price to reach $8.96 in the next twelve months. This suggests a possible upside of 161.9% 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 25.7% and is now trading at $3.42.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our ATUS earnings forecast.

Altice USA, Inc. (NYSE:ATUS) posted its quarterly earnings data on Wednesday, February, 22nd. The company reported ($0.43) earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by $0.65. The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.40 billion. Altice USA had a net margin of 2.02% and a negative trailing twelve-month return on equity of 51.00%. Altice USA's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 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), Defiance Next Gen Connectivity ETF (FIVG), Invesco Russell 1000 Equal Weight ETF (EQAL), 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 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."

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 $3.42.

Altice USA (NYSE:ATUS) has a market capitalization of $1.56 billion and generates $9.65 billion in revenue each year. The company earns $194.56 million in net income (profit) each year or $0.42 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.