When is the right time to cash out of Altice USA Inc [ATUS] stock?

In Wednesday’s Wall Street session, Altice USA Inc (NYSE:ATUS) shares traded at $2.66, up 3.10% from the previous session.

ATUS stock price is now 13.97% away from the 50-day moving average and 6.38% away from the 200-day moving average. The market capitalization of the company currently stands at $1.24B.

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 $15.55 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 $17.69 million. A total of 50.37% 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 fifty day moving average price for ATUS is $2.334 and a two-hundred day moving average price translates $2.50055 for the stock.

The latest earnings results from Altice USA Inc (NYSE: ATUS) was released for 2025-03-31. The company reported revenue of $2.15 billion for the quarter, compared to $2.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.38 percent. For the current quarter, analysts expect ATUS to generate $2.15B in revenue.

Related Posts

Fosters Research
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.