Should I buy or sell Altice USA stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last twelve months. There are currently 4 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" ATUS shares. View ATUS analyst ratings or view top-rated stocks .

What is Altice USA's stock price target for 2024?

8 brokers have issued 1 year price objectives for Altice USA's stock. Their ATUS share price targets range from $1.00 to $5.00. On average, they predict the company's stock price to reach $2.90 in the next twelve months. This suggests a possible upside of 52.4% from the stock's current price. View analysts price targets for ATUS or view top-rated stocks among Wall Street analysts .

How have ATUS shares performed in 2024?

Altice USA's stock was trading at $3.25 at the start of the year. Since then, ATUS shares have decreased by 41.5% and is now trading at $1.90. View the best growth stocks for 2024 here .

When is Altice USA's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our ATUS earnings forecast .

How can I listen to Altice USA's earnings call?

Altice USA will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Altice USA's earnings last quarter?

Altice USA, Inc. (NYSE:ATUS) posted its quarterly earnings data on Wednesday, February, 14th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.33. The firm earned $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. Altice USA had a net margin of 0.58% and a negative trailing twelve-month return on equity of 12.81%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company posted ($0.43) EPS.

What ETFs hold Altice USA's stock?

ETFs with the largest weight of Altice USA (NYSE:ATUS) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE) . Direxion Work From Home ETF (WFH) .

What other stocks do shareholders of Altice USA own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Altice USA investors own include Bank of America (BAC) , Intelsat (I) , Ciena (CIEN) , Fossil Group (FOSL) , AMC Entertainment (AMC) , Abercrombie & Fitch (ANF) , Intel (INTC) , Apollo Global Management (APO) , AT&T (T) and Cypress Semiconductor (CY) .

When did Altice USA IPO?

Altice USA (ATUS) raised $1.4 billion in an initial public offering (IPO) on Thursday, June 22nd 2017. The company issued 46,600,000 shares at a price of $27.00-$31.00 per share. J.P. Morgan, Morgan Stanley, Citigroup, Goldman, Sachs, BofA Merrill Lynch, Barclays, BNP PARIBAS, Deutsche Bank Securities and RBC Capital Markets acted as the underwriters for the IPO and Scotiabank, SOCIETE GENERALE and TD Securities were co-managers.

Who are Altice USA's major shareholders?

Altice USA's stock is owned by many different retail and institutional investors. Top institutional investors include Alaska Permanent Fund Corp (0.06%). Insiders that own company stock include Alt SARL Next, Charles Stewart , Gerrit Jan Bakker , Michael Grau , Michael Olsen and Susan C Schnabel . View institutional ownership trends .

How do I buy shares of Altice USA?

Shares of ATUS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:ATUS

Altice USA (ATUS) Stock Price, News & Analysis

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$1.90

-0.05 (-2.56%)

(As of 04/18/2024 ET)

Compare

Today's Range: $1.89
▼
$2.00
50-Day Range: $1.83
▼
$3.00
52-Week Range: $1.75
▼
$3.82

Volume: 1.61 million shs
Average Volume: 4.16 million shs
Market Capitalization: $866.63 million

P/E Ratio: 15.83
Dividend Yield: N/A
Price Target: $2.90

Get Altice USA alerts:

Altice USA MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.75 Rating Score
Upside/Downside: 52.4% Upside
$2.90 Price Target
Short Interest: Bearish
11.74% of Float Sold Short
Dividend Strength: N/A
Sustainability: -0.58
Upright™ Environmental Score
News Sentiment: 0.19
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -40.00%
From $0.20 to $0.12 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.18 out of 5 stars

Computer And Technology Sector

135th out of 590 stocks

Cable & Other Pay Television Services Industry

6th out of 17 stocks

3.9

Analyst's Opinion

Consensus Rating
Altice USA has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on 2 buy ratings, 2 hold ratings, and 4 sell ratings.
Amount of Analyst Coverage
Altice USA has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
11.74% of the float of Altice USA has been sold short.
Short Interest Ratio / Days to Cover
Altice USA has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in Altice USA has recently decreased by 3.10%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Altice USA does not currently pay a dividend.
Dividend Growth
Altice USA does not have a long track record of dividend growth.

3.6

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Altice USA has received a 44.15% net impact score from Upright. Altice USA seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Knowledge infrastructure". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Creation of educational television programs", "Production of entertainment videos", and "Fiber optics internet provision" products. See details.
Environmental Sustainability
The Environmental Impact score for Altice USA is -0.58.

1.8

News and Social Media Coverage

News Sentiment
Altice USA has a news sentiment score of 0.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Altice USA this week, compared to 4 articles on an average week.
Search Interest
Only 6 people have searched for ATUS on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Altice USA to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Altice USA insiders have not sold or bought any company stock.
Percentage Held by Insiders
53.60% of the stock of Altice USA is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
54.85% of the stock of Altice USA is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Altice USA are expected to decrease by -40.00% in the coming year, from $0.20 to $0.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Altice USA is 15.83, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Altice USA is 15.83, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 247.33.

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About Altice USA Stock (NYSE:ATUS)

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. In addition, it provides voice over Internet protocol telephone services; and mobile services, such as data, talk, and text. Further, 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. Additionally, it provides hosted private branch exchange, network security, and international calling and toll-free numbers services. Furthermore, the company offers audience-based and multiscreen advertising solutions; data analytics; and news programming 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. Altice USA, Inc. was incorporated in 2015 and is headquartered in Long Island City, New York.

ATUS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ATUS Stock News Headlines

April 17, 2024 | americanbankingnews.com

Altice USA, Inc. (NYSE:ATUS) to Post FY2026 Earnings of $0.14 Per Share, Zacks Research Forecasts

April 16, 2024 | finance.yahoo.com

Altice USA to Hold Conference Call to Discuss Q1 2024 Results

April 18, 2024 | Gold Safe Exchange (Ad)

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April 13, 2024 | americanbankingnews.com

Altice USA (NYSE:ATUS) Shares Gap Down to $2.34

April 13, 2024 | americanbankingnews.com

Altice USA (NYSE:ATUS) Stock Rating Reaffirmed by JPMorgan Chase & Co.

April 11, 2024 | markets.businessinsider.com

Analysts Offer Insights on Communication Services Companies: Alphabet Class C (GOOG) and Altice Usa (ATUS)

April 11, 2024 | reuters.com

How Patrick Drahi can clamber out of his debt hole

April 10, 2024 | americanbankingnews.com

Altice USA (NYSE:ATUS) Downgraded by BNP Paribas to "Underperform"

April 18, 2024 | Gold Safe Exchange (Ad)

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Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 6, 2024 | msn.com

Biggest stock mover today: GCTS, TSVT, GRIN, ANGO, ATUS, and more

April 5, 2024 | za.investing.com

Altice USA cut at Wells Fargo - skeptical on M&A

April 5, 2024 | msn.com

Biggest stock mover today: Krispy Kreme, Altice USA, and more

April 2, 2024 | msn.com

Altice USA’s Optimum Launches ‘Local Is Big Time’ Campaign

April 2, 2024 | markets.businessinsider.com

Barclays Reaffirms Their Hold Rating on Altice Usa (ATUS)

April 2, 2024 | businesswire.com

Optimum Unveils New Brand Platform and Marketing Campaign With Focus on Its Local Communities and Customers

April 1, 2024 | finance.yahoo.com

Optimum to Bring 100% Fiber Internet Network to Montclair and West Orange, New Jersey

March 16, 2024 | ca.finance.yahoo.com

ANET Mar 2024 262.500 put

March 15, 2024 | businesswire.com

Altice USA to Participate in the NSR and BCG Fiber to the Future 2024 Conference

March 11, 2024 | finance.yahoo.com

Altice USA Expands Financial Leadership Team with Appointments of John Hsu, SVP, Corporate Finance and John Lombana, SVP, Corporate Controller

March 4, 2024 | investorplace.com

The Top 7 Telecom Stocks to Buy in March 2024

March 4, 2024 | finance.yahoo.com

ATUS Sep 2024 1.500 put

March 4, 2024 | finance.yahoo.com

ATUS Apr 2024 2.000 put

March 1, 2024 | businesswire.com

Optimum Selects Publicis O1 As Agency of Record

February 29, 2024 | finance.yahoo.com

Optimum Announces Commitment to Local Students and STEM Learning Through FIRST® for a Sixth Year in a Row

February 29, 2024 | businesswire.com

Altice USA to Participate in the Morgan Stanley Technology, Media & Telecom Conference

February 27, 2024 | marketwatch.com

Charter appears to be the ‘natural buyer’ of Altice USA — but how likely is a deal right now?

February 26, 2024 | msn.com

Altice USA jumps amid report Charter exploring takeover (update)

See More Headlines

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Company Calendar

Last Earnings: 2/14/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Cable & other pay television services
Sub-Industry: N/A
Current Symbol: NYSE:ATUS
Previous Symbol: NASDAQ:ATUS
CUSIP: N/A
CIK: 1702780
Web: www.alticeusa.com
Phone: (516) 803-2300
Fax: N/A
Employees: 10,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $2.90
High Stock Price Target: $5.00
Low Stock Price Target: $1.00
Potential Upside/Downside: +48.1%
Consensus Rating: Reduce
Rating Score (0-4): 1.75
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.12
Trailing P/E Ratio: 16.29
Forward P/E Ratio: 9.78
P/E Growth: N/A
Net Income: $53.20 million
Net Margins: 0.58%
Pretax Margin: 1.28%
Return on Equity: -12.81%
Return on Assets: 0.17%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.36
Quick Ratio: 0.36

Sales & Book Value

Annual Sales: $9.24 billion
Price / Sales: 0.10
Cash Flow: $3.83 per share
Price / Cash Flow: 0.51
Book Value: ($0.95) per share
Price / Book: -2.06

Miscellaneous

Outstanding Shares: 456,120,000
Free Float: 211,638,000
Market Cap: $891.71 million
Optionable: Optionable
Beta: 1.35

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Key Executives

Mr. Dennis Mathew
CEO & Chairman
Mr. Michael E. Olsen (Age 59)
General Counsel & Chief Corporate Responsibility Officer
Comp: $812.2k
Ms. Colleen Schmidt (Age 55)
Executive Vice President of Human Resources
Comp: $761.24k
Mr. Dexter G. Goei (Age 52)
Executive Director
Comp: $3.69M
Mr. Marc Sirota
Chief Financial Officer
Ms. Maria Bruzzese (Age 59)
Senior VP & Chief Accounting Officer
Mr. John Hsu (Age 51)
Senior Vice President of Corporate Finance
Mr. Luciano Ramos
Executive VP and Chief Technology & Information Officer
Ms. Lisa Gonzalez Anselmo
Executive VP of Communications & Chief Diversity Officer
Mr. Ben Collier
Senior Vice President of Brand, Marketing & Media

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ATUS Stock Analysis - Frequently Asked Questions

Should I buy or sell Altice USA stock right now?: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Altice USA in the last twelve months. There are currently 4 sell ratings, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" ATUS shares.
View ATUS analyst ratings or view top-rated stocks.
What is Altice USA's stock price target for 2024?: 8 brokers have issued 1 year price objectives for Altice USA's stock. Their ATUS share price targets range from $1.00 to $5.00. On average, they predict the company's stock price to reach $2.90 in the next twelve months. This suggests a possible upside of 52.4% from the stock's current price.
View analysts price targets for ATUS or view top-rated stocks among Wall Street analysts.
How have ATUS shares performed in 2024?: Altice USA's stock was trading at $3.25 at the start of the year. Since then, ATUS shares have decreased by 41.5% and is now trading at $1.90.
View the best growth stocks for 2024 here.
When is Altice USA's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ATUS earnings forecast.
How can I listen to Altice USA's earnings call?: Altice USA will be holding an earnings conference call on Thursday, May 2nd at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Altice USA's earnings last quarter?: Altice USA, Inc. (NYSE:ATUS) posted its quarterly earnings data on Wednesday, February, 14th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.33. The firm earned $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. Altice USA had a net margin of 0.58% and a negative trailing twelve-month return on equity of 12.81%. The firm's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the company posted ($0.43) EPS.

What ETFs hold Altice USA's stock?: ETFs with the largest weight of Altice USA (NYSE:ATUS) stock in their portfolio include Roundhill IO Digital Infrastructure ETF (BYTE).Direxion Work From Home ETF (WFH).
What other stocks do shareholders of Altice USA own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Altice USA investors own include Bank of America (BAC), Intelsat (I), Ciena (CIEN), Fossil Group (FOSL), AMC Entertainment (AMC), Abercrombie & Fitch (ANF), Intel (INTC), Apollo Global Management (APO), AT&T (T) and Cypress Semiconductor (CY).
When did Altice USA IPO?: Altice USA (ATUS) raised $1.4 billion in an initial public offering (IPO) on Thursday, June 22nd 2017. The company issued 46,600,000 shares at a price of $27.00-$31.00 per share. J.P. Morgan, Morgan Stanley, Citigroup, Goldman, Sachs, BofA Merrill Lynch, Barclays, BNP PARIBAS, Deutsche Bank Securities and RBC Capital Markets acted as the underwriters for the IPO and Scotiabank, SOCIETE GENERALE and TD Securities were co-managers.
Who are Altice USA's major shareholders?: Altice USA's stock is owned by many different retail and institutional investors. Top institutional investors include Alaska Permanent Fund Corp (0.06%). Insiders that own company stock include Alt SARL Next, Charles Stewart, Gerrit Jan Bakker, Michael Grau, Michael Olsen and Susan C Schnabel.
View institutional ownership trends.
How do I buy shares of Altice USA?: Shares of ATUS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ATUS) was last updated on 4/18/2024 by MarketBeat.com Staff

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