Altice USA - ATUS Stock Forecast, Price & News

15 Wall Street equities 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 equities 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 brokers have issued 12-month target prices 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 year. This suggests a possible upside of 189.9% 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 shares have decreased by 32.8% and is now trading at $3.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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Altice USA, Inc. (NYSE:ATUS) announced its earnings results on Wednesday, February, 22nd. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.65. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates 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 was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share.

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 (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 number of retail and institutional investors. Top institutional investors include AQR Capital Management LLC (2.65%), Marshall Wace LLP (1.74%), Morgan Stanley (1.66%), Thompson Siegel & Walmsley LLC (1.30%), Bank of Nova Scotia (1.17%) and Raymond James & Associates (1.02%). 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.
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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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One share of ATUS stock can currently be purchased for approximately $3.09.

Altice USA (NYSE:ATUS) has a market capitalization of $1.41 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.