In yesterday’s Wall Street session, Altice USA Inc. (NYSE:ATUS) shares traded at $4.70, up 6.33% from the previous session.
26 analysts cover Altice USA Inc. (NYSE:ATUS), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $31.00 and a low of $4.00, we find $7.00. Given the previous closing price of $4.42, this indicates a potential upside of 58.37 percent. ATUS stock price is now -20.42% away from the 50-day moving average and -50.81% away from the 200-day moving average. The market capitalization of the company currently stands at $2.14B.
The stock has received a hold rating from 16 analysts and a buy rating from 10. Brokers who have rated the stock have averaged $9.10 as their price target over the next twelve months.
With the price target maintained at $6, HSBC Securities recently Upgraded its rating from Hold to Buy for Altice USA Inc. (NYSE: ATUS). On November 03, 2022, Pivotal Research Group Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $15 to quote $5, while ‘Citigroup’ rates the stock as ‘Buy’.
In other news, Stewart Charles, Director sold 31,560 shares of the company’s stock on Sep 13. The stock was sold for $315,284 at an average price of $9.99. Upon completion of the transaction, the Director now directly owns 1,323,925 shares in the company, valued at $6.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 14, Director Mullen Mark sold 5,000 shares of the business’s stock. A total of $77,700 was realized by selling the stock at an average price of $15.54. This leaves the insider owning 3,500 shares of the company worth $16450.0. Insiders disposed of 2,286,123 shares of company stock worth roughly $10.74 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ATUS stock. A new stake in Altice USA Inc. shares was purchased by LAURION CAPITAL MANAGEMENT LP during the first quarter worth $22,349,000. DIAMETER CAPITAL PARTNERS LP invested $16,920,000 in shares of ATUS during the first quarter. In the first quarter, ANTARA CAPITAL LP acquired a new stake in Altice USA Inc. valued at approximately $7,990,000. GROUP ONE TRADING, L.P. acquired a new stake in ATUS for approximately $4,033,000. CENTERBOOK PARTNERS LP purchased a new stake in ATUS valued at around $3,717,000 in the second quarter. In total, there are 416 active investors with 59.80% ownership of the company’s stock.
On Wednesday morning Altice USA Inc. (NYSE: ATUS) stock kicked off with the opening price of $4.4600. During the past 12 months, Altice USA Inc. has had a low of $3.94 and a high of $17.30. The fifty day moving average price for ATUS is $5.8224 and a two-hundred day moving average price translates $9.5052 for the stock.
The latest earnings results from Altice USA Inc. (NYSE: ATUS) was released for Jun, 2022. According to the Telecom Services Company, earnings per share came in at $0.23, missing analysts’ expectations of $0.32 by -0.09. This compares to $0.59 EPS in the same period last year. The net profit margin was 6.50% and return on equity was -118.90% for ATUS. The company reported revenue of $2.39 billion for the quarter, compared to $2.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.04 percent. For the current quarter, analysts expect ATUS to generate $2.45B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/06/2018. Investors who held shares on 05/22/2018 were paid a $2.035 dividend.
Altice USA Inc.(ATUS) Company Profile
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.