Altice USA - ATUS Stock Forecast, Price & News

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last twelve months. There are currently 15 hold ratings and 8 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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23 Wall Street analysts have issued twelve-month price targets for Altice USA's stock. Their ATUS share price forecasts range from $4.00 to $37.00. On average, they predict the company's share price to reach $14.95 in the next twelve months. This suggests a possible upside of 137.0% from the stock's current price.
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Altice USA's stock was trading at $16.18 at the beginning of 2022. Since then, ATUS stock has decreased by 61.0% and is now trading at $6.31.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Altice USA, Inc. (NYSE:ATUS) posted its quarterly earnings results on Wednesday, August, 3rd. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.02. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.45 billion. 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 EPS.

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 served 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 $6.31.

Altice USA (NYSE:ATUS) has a market capitalization of $2.87 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.

The company employs 9,000 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.