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NYSE:ATUS

Altice USA - ATUS Stock Forecast, Price & News

$10.65
0.00 (0.00%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$10.13
$10.67
50-Day Range
$7.88
$11.79
52-Week Range
$7.58
$29.27
Volume
2.16 million shs
Average Volume
4.76 million shs
Market Capitalization
$4.84 billion
P/E Ratio
5.92
Dividend Yield
N/A
Price Target
$17.00

Altice USA MarketRank™ Forecast

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
59.6% Upside
$17.00 Price Target
Short Interest
Bearish
21.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.58
Upright™ Environmental Score
News Sentiment
0.08mentions of Altice USA in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-10.07%
From $1.49 to $1.34 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.79 out of 5 stars

Computer And Technology Sector

109th out of 653 stocks

Cable & Other Pay Television Services Industry

4th out of 21 stocks

ATUS stock logo

About Altice USA (NYSE:ATUS) Stock

Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications. It also provides voice over Internet protocol telephone services; and mobile services, such as data, talk, and text. In addition, the company offers Ethernet, data transport, IP-based virtual private networks, Internet access, and telephony services; hosted telephony services, managed Wi-Fi, managed desktop and server backup, and collaboration services comprising audio and web conferencing; fiber-to-the-tower services to wireless carriers; data services consisting of wide area networking and dedicated data access, as well as wireless mesh networks; and enterprise class telephone services that include traditional multi-line phone service. Further, it provides business e-mail, hosted private branch exchange, web space storage, and network security monitoring; and international calling and toll free numbers. Additionally, the company offers audience-based and IP-authenticated cross-screen advertising solutions; and television and digital advertising services, as well as operates news channels under the News 12 Networks, Cheddar, and i24NEWS names. It also provides broadband communications and video services under the Optimum and Suddenlink brands. The company was incorporated in 2015 and is headquartered in Long Island City, New York. Altice USA, Inc., operates as a subsidiary of Next Alt S.à R.L.

Altice USA Trading Down 2.4 %

Altice USA stock traded down $0.26 during trading on Friday, hitting $10.39. The company had a trading volume of 9,809 shares, compared to its average volume of 5,747,432. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 0.33 and a beta of 1.27. Altice USA has a 1-year low of $7.58 and a 1-year high of $29.27. The company's 50 day simple moving average is $9.82 and its 200-day simple moving average is $11.00.

Altice USA (NYSE:ATUS - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.09). Altice USA had a negative return on equity of 112.67% and a net margin of 8.23%. During the same period in the previous year, the business earned $0.52 EPS. As a group, analysts forecast that Altice USA will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on ATUS shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Altice USA from $14.00 to $13.00 in a report on Tuesday, July 19th. HSBC downgraded Altice USA from a "buy" rating to a "hold" rating and set a $11.00 target price on the stock. in a research report on Wednesday, August 10th. JPMorgan Chase & Co. reduced their price objective on Altice USA from $18.00 to $14.00 in a research note on Friday, April 29th. Royal Bank of Canada lowered their target price on shares of Altice USA from $23.00 to $19.00 and set an "outperform" rating on the stock in a research note on Thursday, August 4th. Finally, Pivotal Research reduced their target price on shares of Altice USA from $18.00 to $15.00 in a research report on Friday, April 29th. Sixteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.00.

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ATUS Stock News Headlines

Altice USA (NYSE:ATUS) Lowered to Hold at HSBC
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War
Right now, China has the US Military in a stranglehold. They hold a monopoly on one of our most CRITICAL defense elements. But thanks to executive orders from both Biden and Trump...
Altice USA (NYSE:ATUS) Shares Gap Down to $10.80
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War
Right now, China has the US Military in a stranglehold. They hold a monopoly on one of our most CRITICAL defense elements. But thanks to executive orders from both Biden and Trump...
Altice USA (NYSE:ATUS) Upgraded at New Street Research
Altice USA (NYSE:ATUS) Shares Gap Up on Analyst Upgrade
Altice USA Reports Second Quarter 2022 Results
Suddenlink is Now Optimum
See More Headlines
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ATUS Company Calendar

Last Earnings
8/03/2022
Today
8/19/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
N/A
Previous Symbol
NASDAQ:ATUS
Fax
N/A
Employees
9,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.00
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+59.6%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
25 Analysts

Profitability

Net Income
$990.31 million
Pretax Margin
10.87%

Debt

Sales & Book Value

Annual Sales
$10.09 billion
Cash Flow
$6.26 per share
Book Value
($1.04) per share

Miscellaneous

Free Float
215,513,000
Market Cap
$4.84 billion
Optionable
Optionable
Beta
1.27

Key Executives

  • Mr. Dexter G. Goei (Age 50)
    CEO & Director
    Comp: $1.76M
  • Mr. Michael J. GrauMr. Michael J. Grau (Age 56)
    Exec. VP & CFO
    Comp: $544.45k
  • Mr. Michael E. OlsenMr. Michael E. Olsen (Age 57)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $544.8k
  • Ms. Colleen SchmidtMs. Colleen Schmidt (Age 53)
    Exec. VP of HR
    Comp: $478.15k
  • Mr. Charles Fyfe StewartMr. Charles Fyfe Stewart (Age 52)
    Special Advisor & Director
  • Mr. Layth Taki (Age 47)
    Chief Accounting Officer, Sr. VP & Controller
  • Mr. Nick Brown
    Exec. VP of Corp. Fin. & Devel.
  • Mr. Pragash Pillai
    Exec. VP and Chief Technology, Information Officer & Customer Experience
  • Mr. Keith Sherwell
    Chief Information Officer & Sr. VP
  • Ms. Lisa Gonzalez Anselmo
    Exec. VP of Communications & Chief Diversity Officer













ATUS Stock - Frequently Asked Questions

Should I buy or sell Altice USA stock right now?

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last twelve months. There are currently 16 hold ratings and 9 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.

What is Altice USA's stock price forecast for 2022?

25 brokerages have issued twelve-month target prices for Altice USA's shares. Their ATUS share price forecasts range from $11.00 to $37.00. On average, they predict the company's stock price to reach $17.00 in the next year. This suggests a possible upside of 59.6% from the stock's current price.
View analysts price targets for ATUS
or view top-rated stocks among Wall Street analysts.

How have ATUS shares performed in 2022?

Altice USA's stock was trading at $16.18 at the start of the year. Since then, ATUS shares have decreased by 34.2% and is now trading at $10.65.
View the best growth stocks for 2022 here
.

Are investors shorting Altice USA?

Altice USA saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 41,570,000 shares, an increase of 24.5% from the June 15th total of 33,390,000 shares. Based on an average daily trading volume, of 4,480,000 shares, the short-interest ratio is currently 9.3 days. Approximately 20.2% of the company's stock are short sold.
View Altice USA's Short Interest
.

When is Altice USA's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our ATUS earnings forecast
.

How were Altice USA's earnings last quarter?

Altice USA, Inc. (NYSE:ATUS) posted its quarterly earnings data on Wednesday, August, 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.09. Altice USA had a net margin of 8.23% and a negative trailing twelve-month return on equity of 112.67%. During the same period in the previous year, the company posted $0.52 earnings per share.

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 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).

When did Altice USA IPO?

(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.

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 many different institutional and retail investors. Top institutional shareholders include Clarkston Capital Partners LLC (6.90%), TPG GP A LLC (1.82%), Loomis Sayles & Co. L P (1.80%), Thompson Siegel & Walmsley LLC (1.52%), FMR LLC (1.26%) and Goldman Sachs Group Inc. (0.00%). 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
.

How do I buy shares of Altice USA?

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.

What is Altice USA's stock price today?

One share of ATUS stock can currently be purchased for approximately $10.65.

How much money does Altice USA make?

Altice USA (NYSE:ATUS) has a market capitalization of $4.84 billion and generates $10.09 billion in revenue each year. The company earns $990.31 million in net income (profit) each year or $1.80 on an earnings per share basis.

How many employees does Altice USA have?

The company employs 9,000 workers across the globe.

How can I contact Altice USA?

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.

This page (NYSE:ATUS) was last updated on 8/19/2022 by MarketBeat.com Staff

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