Altice USA - ATUS Stock Forecast, Price & News

22 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last twelve months. There are currently 13 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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22 Wall Street analysts have issued 1-year price targets for Altice USA's shares. Their ATUS share price forecasts range from $4.00 to $31.00. On average, they predict the company's stock price to reach $11.95 in the next twelve months. This suggests a possible upside of 157.1% from the stock's current price.
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Altice USA's stock was trading at $16.18 on January 1st, 2022. Since then, ATUS shares have decreased by 71.3% and is now trading at $4.65.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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Altice USA, Inc. (NYSE:ATUS) announced its earnings results on Wednesday, November, 2nd. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by $0.15. The business earned $2.39 billion during the quarter, compared to analyst estimates of $2.45 billion. Altice USA had a negative trailing twelve-month return on equity of 119.88% and a net margin of 6.52%. The business's revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share.

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."

Altice USA's stock is owned by many different institutional and retail investors. Top institutional shareholders include Clarkston Capital Partners LLC (7.62%), Vanguard Group Inc. (5.02%), BlackRock Inc. (2.68%), Barrow Hanley Mewhinney & Strauss LLC (2.40%), Thompson Siegel & Walmsley LLC (1.08%) and Laurion Capital Management LP (1.05%). 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 $4.65.

Altice USA (NYSE:ATUS) has a market capitalization of $2.11 billion and generates $10.09 billion in revenue each year. The company earns $990.31 million in net income (profit) each year or $1.41 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.