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Altice USA (ATUS) Stock Price, News & Analysis

$2.19
-0.09 (-3.95%)
(As of 09/20/2024 ET)

About Altice USA Stock (NYSE:ATUS)

Key Stats

Today's Range
$2.16
$2.28
50-Day Range
$1.57
$2.33
52-Week Range
$1.52
$3.66
Volume
3.61 million shs
Average Volume
3.57 million shs
Market Capitalization
$1.01 billion
P/E Ratio
219.00
Dividend Yield
N/A
Price Target
$1.97
Consensus Rating
Reduce

Company Overview

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.

Altice USA Stock Analysis - MarketRank™

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Overall MarketRank™: 39th Percentile

Altice USA scored higher than 39% of companies evaluated by MarketBeat, and ranked 495th out of 666 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Altice USA has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on 1 buy rating, 3 hold ratings, and 6 sell ratings.

  • Amount of Analyst Coverage

    Altice USA has only been the subject of 3 research reports in the past 90 days.

  • Read more about Altice USA's stock forecast and price target.
  • Earnings Growth

    Earnings for Altice USA are expected to decrease by -80.00% in the coming year, from $0.10 to $0.02 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Altice USA is 219.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 134.19.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Altice USA is 219.00, 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 274.89.

  • Price to Earnings Growth Ratio

    Altice USA has a PEG Ratio of 2.49. PEG Ratios above 1 indicate that a company could be overvalued.

  • Read more about Altice USA's valuation and earnings.
  • Percentage of Shares Shorted

    12.58% 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 7.6.
  • Change versus previous month

    Short interest in Altice USA has recently increased by 1.38%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Altice USA does not currently pay a dividend.

  • Dividend Growth

    Altice USA does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    12.58% 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 7.6.
  • Change versus previous month

    Short interest in Altice USA has recently increased by 1.38%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Altice USA has a news sentiment score of 0.23. 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 7 news articles for Altice USA this week, compared to 4 articles on an average week.
  • Search Interest

    Only 7 people have searched for ATUS on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added Altice USA to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • 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.

  • Read more about Altice USA's insider trading history.
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ATUS Stock News Headlines

Altice USA (NYSE:ATUS) Trading Up 5%
Altice USA Target of Unusually Large Options Trading (NYSE:ATUS)
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Altice USA Inc (15PA)
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ATUS Stock Analysis - Frequently Asked Questions

Altice USA's stock was trading at $3.25 at the beginning of 2024. Since then, ATUS shares have decreased by 32.6% and is now trading at $2.19.
View the best growth stocks for 2024 here
.

Altice USA, Inc. (NYSE:ATUS) issued its quarterly earnings results on Thursday, August, 1st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.05. The firm's revenue for the quarter was down 3.6% on a year-over-year basis.

Altice USA (ATUS) raised $1.4 billion in an IPO on Thursday, June 22nd 2017. The company issued 46,600,000 shares at $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 served as the underwriters for the IPO and Scotiabank, SOCIETE GENERALE and TD Securities were co-managers.

Altice USA's top institutional investors include D. E. Shaw & Co. Inc. (2.51%), Thompson Siegel & Walmsley LLC (1.54%), Massachusetts Financial Services Co. MA (1.23%) and Assenagon Asset Management S.A. (0.97%). Insiders that own company stock include Charles Stewart, Susan C Schnabel, Gerrit Jan Bakker and Michael Olsen.
View institutional ownership trends
.

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.

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

Company Calendar

Last Earnings
8/01/2024
Today
9/20/2024
Next Earnings (Estimated)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Cable & other pay television services
Sub-Industry
Communication
Previous Symbol
NASDAQ:ATUS
Fax
N/A
Employees
10,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$1.97
High Stock Price Target
$5.00
Low Stock Price Target
$1.00
Potential Upside/Downside
-9.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
10 Analysts

Profitability

Net Income
$53.20 million
Pretax Margin
-0.19%

Debt

Sales & Book Value

Annual Sales
$9.11 billion
Cash Flow
$4.27 per share
Book Value
($0.95) per share

Miscellaneous

Free Float
213,422,000
Market Cap
$1.00 billion
Optionable
Optionable
Beta
1.51
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This page (NYSE:ATUS) was last updated on 9/20/2024 by MarketBeat.com Staff
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