Stocks of Altice USA Inc (NYSE:ATUS) traded higher last session on Wall Street, up 7.84% to $2.20.
According to the data, Altice USA Inc (NYSE:ATUS) has 22 analysts covering its stock. 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 $3.00. Given the previous closing price of $2.04, this indicates a potential upside of 47.06 percent. ATUS stock price is now -26.16% away from the 50-day moving average and -31.83% away from the 200-day moving average. The market capitalization of the company currently stands at $1.41B.
A total of 14 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $4.84 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).
Insiders disposed of 2,105,780 shares of company stock worth roughly $4.63 million over the past 1 year. A total of 46.16% of the company’s stock is owned by insiders.
Tuesday’s opening bell rang with an opening price of $2.1500 for Altice USA Inc (NYSE: ATUS). During the past 12 months, Altice USA Inc has had a low of $2.01 and a high of $5.57. The fifty day moving average price for ATUS is $2.9796 and a two-hundred day moving average price translates $3.2273 for the stock.
The latest earnings results from Altice USA Inc (NYSE: ATUS) was released for Sep, 2023. According to the Telecom Services Company, earnings per share came in at $0.15, beating analysts’ expectations of $0.06 by 0.09. This compares to $0.22 EPS in the same period last year. The company reported revenue of $2.32 billion for the quarter, compared to $2.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.19 percent. For the current quarter, analysts expect ATUS to generate $2.29B in revenue.
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.
