Last Updated: 13 Nov 2024
Executive Summary
Altice USA Inc. (ATUS) is a leading broadband communications and video services provider in the United States, Canada, Puerto Rico, and the Virgin Islands. The company has a market capitalization of $12.41 billion and trades on the NYSE. ATUS has been experiencing financial difficulties in recent years, with negative earnings per share and a high debt-to-equity ratio. However, the company has taken steps to improve its financial performance, including selling non-core assets and reducing costs. Analysts are cautiously optimistic about ATUS's long-term prospects, with a consensus price target of $2.14.
Company Overview
Altice USA was formed in 2015 through the merger of Cablevision Systems Corporation and Suddenlink Communications. The company provides a range of services, including broadband internet, cable television, and phone service. ATUS has approximately 5.1 million residential and business customers.
Fundamental Analysis
Altice USA's financial performance has been mixed in recent years. The company has reported negative earnings per share in each of the past four quarters. However, revenue has been growing, and the company has been able to reduce its debt-to-equity ratio.
Technical Analysis
ATUS's stock price has been trading in a range between $1.52 and $3.66 over the past 52 weeks. The stock is currently trading at $2.79, which is above its 50-day and 200-day moving averages.
Short Term Outlook
Analysts are cautiously optimistic about ATUS's short-term prospects. The company is expected to continue to report negative earnings per share in the near term. However, revenue is expected to grow, and the company is expected to make progress in reducing its debt-to-equity ratio.
Long Term Outlook
Analysts are more optimistic about ATUS's long-term prospects. The company is expected to return to profitability in the next few years. Revenue is expected to continue to grow, and the company is expected to continue to reduce its debt-to-equity ratio.
Analyst Recommendations
The consensus analyst recommendation for ATUS is a "hold." One analyst has a "strong buy" rating, two analysts have a "buy" rating, ten analysts have a "hold" rating, six analysts have a "sell" rating, and zero analysts have a "strong sell" rating. The consensus price target is $2.14.
