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Altice USA Stock Price, News & Analysis (NYSE:ATUS)

$29.44
+0.72 (+2.51 %)
(As of 10/17/2019 09:01 AM ET)
Today's Range
$28.95
Now: $29.44
$29.61
50-Day Range
$28.08
MA: $28.93
$29.96
52-Week Range
$14.49
Now: $29.44
$30.34
Volume6.04 million shs
Average Volume4.83 million shs
Market Capitalization$19.07 billion
P/E Ratio368.00
Dividend YieldN/A
Beta0.9
Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers. Read More…

Industry, Sector and Symbol

Industry Cable & other pay television services
Sub-IndustryN/A
SectorComputer and Technology
Previous SymbolNASDAQ:ATUS
CUSIPN/A
Phone516-803-2300

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$9.57 billion
Cash Flow$3.70 per share
Book Value$5.19 per share

Profitability

Net Income$18.83 million

Miscellaneous

Employees12,185
Market Cap$19.07 billion
Next Earnings Date11/4/2019 (Estimated)
OptionableOptionable

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Altice USA (NYSE:ATUS) Frequently Asked Questions

What is Altice USA's stock symbol?

Altice USA trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATUS."

How were Altice USA's earnings last quarter?

Altice USA Inc (NYSE:ATUS) posted its earnings results on Wednesday, July, 31st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. The company had revenue of $2.45 billion for the quarter, compared to analyst estimates of $2.45 billion. Altice USA had a net margin of 3.16% and a return on equity of 13.57%. Altice USA's revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted ($0.13) EPS. View Altice USA's Earnings History.

When is Altice USA's next earnings date?

Altice USA is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Altice USA.

What guidance has Altice USA issued on next quarter's earnings?

Altice USA updated its FY 2019 earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $9.85360624-9.90143928 billion, compared to the consensus revenue estimate of $9.84 billion.

What price target have analysts set for ATUS?

15 equities research analysts have issued twelve-month price objectives for Altice USA's stock. Their forecasts range from $23.00 to $42.00. On average, they anticipate Altice USA's share price to reach $33.71 in the next year. This suggests a possible upside of 14.5% from the stock's current price. View Analyst Price Targets for Altice USA.

What is the consensus analysts' recommendation for Altice USA?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last year. There are currently 1 hold rating and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Altice USA.

What are Wall Street analysts saying about Altice USA stock?

Here are some recent quotes from research analysts about Altice USA stock:
  • 1. Pivotal Research analysts commented, "We raised our target ’20 market cap/’20 FCF target multiple from 11.5X to 14X which drove a $8 increase in our YE’20 target price to $40. For additional context, if ATUS were to trade to our target multiple for CHTR (BUY) would imply an ATUS target of $48, or nearly double current levels." (7/31/2019)
  • 2. According to Zacks Investment Research, "Altice is on track with its five-year plan to build a fiber-to-the-home network and deploy its home communications hub to meet the demand for increased data speed and support evolving technologies. It has been rolling out enhanced data and services for its customers and has upgraded its Altice One entertainment and connectivity platform. It is building the next-generation fiber network to deliver broadband speed of 10 Gbps, underscoring its continual investment in technology and innovation for customers in the United States. The stock has outperformed the industry over the past year on average. However, higher programming cost per customer due to increase in contractual rates reduces the company’s operating margin. It operates in a highly competitive market against a variety of broadband, pay television and delivery system players. Altice is also susceptible to risks arising from fluctuations in foreign currency exchange rate." (4/30/2019)

Has Altice USA been receiving favorable news coverage?

Media headlines about ATUS stock have been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Altice USA earned a daily sentiment score of -3.2 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Altice USA.

Are investors shorting Altice USA?

Altice USA saw a increase in short interest in the month of September. As of September 30th, there was short interest totalling 16,960,000 shares, an increase of 23.4% from the August 30th total of 13,740,000 shares. Based on an average trading volume of 4,960,000 shares, the days-to-cover ratio is presently 3.4 days. Currently, 4.6% of the shares of the company are short sold. View Altice USA's Current Options Chain.

Who are some of Altice USA's key competitors?

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 Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), AMC Entertainment (AMC), Ciena (CIEN), First Data (FDC), Associated British Foods (ABF), Chaarat Gold (CGH), Cypress Semiconductor (CY) and Apollo Global Management (APO).

Who are Altice USA's key executives?

Altice USA's management team includes the folowing people:
  • Mr. Dexter G. Goei, CEO & Director (Age 47)
  • Mr. Abdelhakim Boubazine, Co-Pres & COO (Age 43)
  • Mr. Charles Fyfe Stewart, Co-Pres, CFO & Director (Age 49)
  • Ms. Lisa Rosenblum, Vice Chairman (Age 64)
  • Mr. David P. Connolly, Special Advisor to CEO (Age 47)

When did Altice USA IPO?

(ATUS) raised $1.4 billion in an initial public offering (IPO) 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 served as the underwriters for the IPO and Scotiabank, SOCIETE GENERALE and TD Securities were co-managers.

Who are Altice USA's major shareholders?

Altice USA's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Artemis Investment Management LLP (0.21%), Verde Servicos Internacionais S.A. (0.02%), Cerebellum GP LLC (0.00%), DNB Asset Management AS (0.00%) and Assenagon Asset Management S.A. (0.00%). Company insiders that own Altice USA stock include Alt SARL Next, Colleen Schmidt, David Connolly, Dennis Okhuijsen, Lisa Rosenblum, Michael Olsen, SARL Suddenvision and Victoria Mink. View Institutional Ownership Trends for Altice USA.

Which institutional investors are selling Altice USA stock?

ATUS stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A. and DNB Asset Management AS. Company insiders that have sold Altice USA company stock in the last year include Alt SARL Next, Colleen Schmidt, Dennis Okhuijsen, Michael Olsen and SARL Suddenvision. View Insider Buying and Selling for Altice USA.

Which institutional investors are buying Altice USA stock?

ATUS stock was purchased by a variety of institutional investors in the last quarter, including Artemis Investment Management LLP, Cerebellum GP LLC and Verde Servicos Internacionais S.A.. View Insider Buying and Selling for Altice USA.

How do I buy shares of Altice USA?

Shares of ATUS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Altice USA's stock price today?

One share of ATUS stock can currently be purchased for approximately $29.44.

How big of a company is Altice USA?

Altice USA has a market capitalization of $19.07 billion and generates $9.57 billion in revenue each year. The company earns $18.83 million in net income (profit) each year or $0.08 on an earnings per share basis. Altice USA employs 12,185 workers across the globe.View Additional Information About Altice USA.

What is Altice USA's official website?

The official website for Altice USA is http://www.alticeusa.com/.

How can I contact Altice USA?

Altice USA's mailing address is 1 Court Square West, Long Island City NY, 11101. The company can be reached via phone at 516-803-2300 or via email at [email protected]


MarketBeat Community Rating for Altice USA (NYSE ATUS)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  405 (Vote Outperform)
Underperform Votes:  286 (Vote Underperform)
Total Votes:  691
MarketBeat's community ratings are surveys of what our community members think about Altice USA and other stocks. Vote "Outperform" if you believe ATUS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ATUS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 10/17/2019 by MarketBeat.com Staff

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