Altice USA - ATUS Stock Forecast, Price & News

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.