Altice USA - ATUS Stock Forecast, Price & News

24 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 9 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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24 equities research analysts have issued 12 month target prices for Altice USA's shares. Their ATUS share price forecasts range from $10.00 to $37.00. On average, they anticipate the company's stock price to reach $16.39 in the next year. This suggests a possible upside of 155.3% from the stock's current price.
View analysts price targets for ATUS or view top-rated stocks among Wall Street analysts.

Altice USA's stock was trading at $16.18 on January 1st, 2022. Since then, ATUS stock has decreased by 60.3% and is now trading at $6.42.
View the best growth stocks for 2022 here.

Altice USA saw a decline in short interest in August. As of August 15th, there was short interest totaling 40,470,000 shares, a decline of 7.3% from the July 31st total of 43,680,000 shares. Based on an average daily trading volume, of 4,100,000 shares, the days-to-cover ratio is currently 9.9 days. Approximately 19.6% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our ATUS earnings forecast.

Altice USA, Inc. (NYSE:ATUS) issued its earnings results on Wednesday, August, 3rd. The company reported $0.35 earnings per share for the quarter, topping 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 quarter in the prior year, the company earned $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 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 many different retail and institutional 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.
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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 $6.42.

Altice USA (NYSE:ATUS) has a market capitalization of $2.92 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.