In yesterday’s Wall Street session, Altice USA Inc. (NYSE:ATUS) shares traded at $2.80, down -2.78% from the previous session.
23 analysts cover Altice USA Inc. (NYSE:ATUS), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $16.00 and a low of $2.00, we find $3.50. Given the previous closing price of $2.88, this indicates a potential upside of 21.53 percent. ATUS stock price is now -13.02% away from the 50-day moving average and -21.24% away from the 200-day moving average. The market capitalization of the company currently stands at $1.27B.
The stock has received a hold rating from 15 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $4.52 as their price target over the next twelve months.
With the price target maintained at $6, TD Securities recently Downgraded its rating from Buy to Hold for Altice USA Inc. (NYSE: ATUS).
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 $3.71 million. Insiders disposed of 1,889,528 shares of company stock worth roughly $5.29 million over the past 1 year. A total of 0.70% 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 HRT FINANCIAL LP during the first quarter worth $1,861,000. PARALEL ADVISORS LLC invested $1,548,000 in shares of ATUS during the first quarter. In the first quarter, ERGOTELES LLC acquired a new stake in Altice USA Inc. valued at approximately $1,299,000. MIRABELLA FINANCIAL SERVICES LLP acquired a new stake in ATUS for approximately $902,000. SAGEWORTH TRUST CO purchased a new stake in ATUS valued at around $112,000 in the second quarter. In total, there are 334 active investors with 59.80% ownership of the company’s stock.
On Tuesday morning Altice USA Inc. (NYSE: ATUS) stock kicked off with the opening price of $2.9200. During the past 12 months, Altice USA Inc. has had a low of $2.01 and a high of $11.01. The fifty day moving average price for ATUS is $3.2146 and a two-hundred day moving average price translates $3.5470 for the stock.
The latest earnings results from Altice USA Inc. (NYSE: ATUS) was released for Jun, 2023. According to the Telecom Services Company, earnings per share came in at $0.17, beating analysts’ expectations of $0.07 by 0.1. This compares to $0.25 EPS in the same period last year. The net profit margin was 0.00% and return on equity was 1.00% for ATUS. The company reported revenue of $2.32 billion for the quarter, compared to $2.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.63 percent. For the current quarter, analysts expect ATUS to generate $2.3B 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 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.
