NYSE:ATUSAltice USA Stock Price, Forecast & News

$25.72

+0.51 (+2.02 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$24.76

Now: $25.72▼

$25.90

50-Day Range

$23.00

MA: $24.69▼

$26.36

52-Week Range

$15.95

Now: $25.72▼

$31.78

Volume13.78 million shs

Average Volume6.04 million shs

Market Capitalization$15.27 billion

P/E Ratio102.88

Dividend YieldN/A

Beta0.94

Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers. The company also offers wireless routers and Internet security software; and pay television services, which include delivery of broadcast stations and cable networks, and advanced digital pay television services, such as video-on-demand, high-definition channels, digital video recorder, and pay-per-view. In addition, it provides Ethernet, data transport, IP-based virtual private networks, Internet access, and telephony services; hosted telephony, managed Wi-Fi, managed desktop and server backup services; managed collaboration services, including audio and Web conferencing; managed services, including business email, hosted private branch exchange, Web space storage, and network security monitoring; data-driven television, digital, and other multi-platform advertising services; and data-driven and audience-based advertising solutions. Further, the company operates local news channels, as well as traffic and weather channels; News12.com, a destination for local news on the Web; and News 12, a mobile application, as well as provides technical operating services comprising dispatch, customer installations, disconnects, service changes, customer service visits, outside plant maintenance service, and design and construction services for HFC and FTTH infrastructure. It provides communications and video services under Optimum and Suddenlink brand names. Altice USA, Inc. is headquartered in Long Island City, New York.

Beat the Market (BTM) Rank^™

3.4 Analyst's Opinion

Consensus Rating
Altice USA has received a consensus rating of Buy. The company's average rating score is 2.77, and is based on 15 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $31.50, Altice USA has a potential upside of 22.5% from its current price of $25.72.
Amount of Analyst Coverage
Altice USA has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.9 Community Rank

Outperform Votes
Altice USA has received 452 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Altice USA has received 326 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Altice USA has received 58.10% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Altice USA and other stocks. Vote “Outperform” if you believe ATUS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ATUS will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Altice USA does not currently pay a dividend.
Dividend Growth
Altice USA does not have a long track record of dividend growth.

2.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altice USA insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $53,760,000.00 in company stock.
Percentage Held by Insiders
45.00% of the stock of Altice USA is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
57.32% of the stock of Altice USA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Altice USA are expected to grow by 73.21% in the coming year, from $0.56 to $0.97 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Altice USA is 102.88, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Altice USA is 102.88, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 36.85.
Price to Book Value per Share Ratio
Altice USA has a P/B Ratio of 9.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.03 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Cable & other pay television services

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNYSE:ATUS

Previous SymbolNASDAQ:ATUS

CUSIPN/A

CIK1702780

Webwww.alticeusa.com

Phone516-803-2300

Debt

Debt-to-Equity Ratio15.43

Current Ratio0.49

Quick Ratio0.49

Price-To-Earnings

Trailing P/E Ratio102.88

Forward P/E Ratio45.93

P/E GrowthN/A

Sales & Book Value

Annual Sales$9.76 billion

Price / Sales1.56

Cash Flow$4.35 per share

Price / Cash Flow5.91

Book Value$2.68 per share

Price / Book9.60

Profitability

EPS (Most Recent Fiscal Year)$0.50

Net Income$138.94 million

Net Margins1.66%

Return on Equity10.81%

Return on Assets0.68%

Miscellaneous

Employees10,700

Outstanding Shares593,520,000

Market Cap$15.27 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Altice USA (NYSE:ATUS) Frequently Asked Questions

How has Altice USA's stock been impacted by COVID-19 (Coronavirus)?

Altice USA's stock was trading at $22.69 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ATUS stock has increased by 13.4% and is now trading at $25.72. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Altice USA?

22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last year. There are currently 6 hold ratings, 15 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Altice USA.

When is Altice USA's next earnings date?

Altice USA is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Altice USA.

How were Altice USA's earnings last quarter?

Altice USA Inc (NYSE:ATUS) released its quarterly earnings results on Thursday, April, 30th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.11 by $0.01. The business earned $2.45 billion during the quarter, compared to analysts' expectations of $2.46 billion. Altice USA had a net margin of 1.66% and a return on equity of 10.81%. The business's revenue was up 2.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) earnings per share. View Altice USA's earnings history.

What price target have analysts set for ATUS?

22 brokerages have issued 1-year price targets for Altice USA's stock. Their forecasts range from $8.00 to $42.00. On average, they expect Altice USA's share price to reach $31.50 in the next twelve months. This suggests a possible upside of 22.5% from the stock's current price. View analysts' price targets for Altice USA.

Has Altice USA been receiving favorable news coverage?

News stories about ATUS stock have trended somewhat negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Altice USA earned a news sentiment score of -1.4 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 3.0 out of 10, indicating that recent media coverage is unlikely to have an impact on the stock's share price in the near term. View the latest news aboutAltice USA.

Are investors shorting Altice USA?

Altice USA saw a decrease in short interest in April. As of April 15th, there was short interest totaling 17,960,000 shares, a decrease of 8.3% from the March 31st total of 19,580,000 shares. Based on an average daily trading volume, of 7,600,000 shares, the days-to-cover ratio is presently 2.4 days. Currently, 5.3% of the company's stock are sold short. View Altice USA's Current Options Chain.

Who are some of Altice USA's key competitors?

Some companies that are related to Altice USA include Liberty Broadband Corp Series C (LBRDK), Liberty Broadband Corp Series A (LBRDA), Rogers Communications (RCI), DISH Network (DISH), Liberty Global (LBTYB), Roku (ROKU), Liberty Global (LBTYA), Liberty Global (LBTYK), Discovery Communications (DISCA), Cable One (CABO), Discovery Inc Series C (DISCK), Viacom (VIAB), Shaw Communications (SJR), ITV PLC/ADR (ITVPY) and Qurate Retail Inc Series B (QRTEB). View all competitors.

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 AMC Entertainment (AMC), Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Ciena (CIEN), Comcast (CMCSA), Apollo Global Management (APO), AT&T (T), Cypress Semiconductor (CY) and DISH Network (DISH).

Who are Altice USA's key executives?

Altice USA's management team includes the following people:

Mr. Dexter G. Goei, CEO & Director (Age 47)
Mr. Abdelhakim Boubazine, Co-Pres & COO (Age 43)
Mr. Charles Fyfe Stewart, Co-Pres, CFO & Director (Age 49)
Ms. Lisa Rosenblum, Vice Chairman (Age 64)
Mr. David P. Connolly, Special Advisor to CEO (Age 47)

When did Altice USA IPO?

(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 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 a variety of institutional and retail investors. Top institutional investors include Veritas Asset Management LLP (4.69%), BlackRock Inc. (2.29%), Capital Research Global Investors (2.08%), Zimmer Partners LP (1.66%), Capital World Investors (1.07%) and JPMorgan Chase & Co. (1.05%). Company insiders that own Altice USA stock include Alt SARL Next, Colleen Schmidt, David Connolly, Dennis Okhuijsen, Gerrit Jan Bakker, Lisa Rosenblum, Michael Olsen, SARL Suddenvision and Victoria Mink. View institutional ownership trends for Altice USA.

Which major investors are selling Altice USA stock?

ATUS stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, JPMorgan Chase & Co., BlackRock Inc., Fred Alger Management LLC, AQR Capital Management LLC, Balyasny Asset Management LLC, Capital Research Global Investors, and Verde Servicos Internacionais S.A.. Company insiders that have sold Altice USA company stock in the last year include Alt SARL Next, Dennis Okhuijsen, Gerrit Jan Bakker, and Michael Olsen. View insider buying and selling activity for Altice USA.

Which major investors are buying Altice USA stock?

ATUS stock was purchased by a variety of institutional investors in the last quarter, including Veritas Asset Management LLP, Sylebra Capital Ltd, Samlyn Capital LLC, Zimmer Partners LP, DAVENPORT & Co LLC, Deutsche Bank AG, UBS Group AG, and TimesSquare Capital Management LLC. View insider buying and selling activity for Altice USA.

How do I buy shares of Altice USA?

Shares of ATUS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Altice USA's stock price today?

One share of ATUS stock can currently be purchased for approximately $25.72.

How big of a company is Altice USA?

Altice USA has a market capitalization of $15.27 billion and generates $9.76 billion in revenue each year. The company earns $138.94 million in net income (profit) each year or $0.50 on an earnings per share basis. Altice USA employs 10,700 workers across the globe.

What is Altice USA's official website?

The official website for Altice USA is www.alticeusa.com.

How can I contact Altice USA?

Altice USA's mailing address is 1 Court Square West, Long Island City NY, 11101. The company can be reached via phone at 516-803-2300 or via email at [email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff