In Thursday’s Wall Street session, Altice USA Inc (NYSE:ATUS) shares traded at $2.77, up 4.53% from the previous session.
ATUS stock price is now 10.09% away from the 50-day moving average and 14.85% away from the 200-day moving average. The market capitalization of the company currently stands at $1.30B.
With the price target maintained at $3.50, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Altice USA Inc (NYSE: ATUS). On August 02, 2024, UBS Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $4 to quote $2, while ‘Goldman’ rates the stock as ‘Sell’
In other news, Next Alt S.a.r.l., Director sold 805,230 shares of the company’s stock on Dec 24 ’24. The stock was sold for $19,728,135 at an average price of $24.50. Upon completion of the transaction, the Director now directly owns 5,846,652 shares in the company, valued at $16.2 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 23 ’24, Director Next Alt S.a.r.l. sold 805,230 shares of the business’s stock. A total of $19,728,135 was realized by selling the stock at an average price of $24.50. This leaves the insider owning 6,651,882 shares of the company worth $18.43 million. A total of 50.36% of the company’s stock is owned by insiders.
During the past 12 months, Altice USA Inc has had a low of $1.52 and a high of $3.20.
The company reported revenue of $2.24 billion for the quarter, compared to $2.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.89 percent.
