For Altice USA Inc. [ATUS], Analyst sees a rise to $38. What next?

Altice USA Inc. [NYSE: ATUS] closed the trading session at $35.61 on 06/01/21. The day’s price range saw the stock hit a low of $35.545, while the highest price level was $36.26. The company report on May 12, 2021 that Altice USA Launches the Federal Communications Commission’s Emergency Broadband Benefit Program for Optimum and Suddenlink Customers.

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Qualifying households will receive a credit of up to $50 a month (or up to $75 a month for households on Tribal lands) on broadband services and associated equipment rental charges as part of the Federal Communications Commission’s (FCC) Emergency Broadband Benefit Program.

Altice USA (NYSE: ATUS), the provider of Optimum and Suddenlink internet, television, and phone service, announces that as part of its continued efforts to keep communities connected and make broadband more accessible, the company has launched the FCC’s Emergency Broadband Benefit Program, which will provide eligible Optimum and Suddenlink residential customers with a credit towards their internet service payments.

The stocks have a year to date performance of -5.97 percent and weekly performance of -4.30 percent. The stock has been moved at 3.73 percent over the last six months. The stock has performed -1.93 percent around the most recent 30 days and changed 6.30 percent over the most recent 3-months.

If compared to the average trading volume of 3.52M shares, ATUS reached to a volume of 4379930 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Altice USA Inc. [ATUS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATUS shares is $42.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATUS stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Altice USA Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on May 18, 2021. While these analysts kept the previous recommendation, Citigroup dropped their target price from $41 to $35. The new note on the price target was released on April 09, 2021, representing the official price target for Altice USA Inc. stock. Previously, the target price had yet another raise to $33, while Wells Fargo analysts kept a Equal Weight rating on ATUS stock. On December 17, 2020, analysts increased their price target for ATUS shares from 30 to 36.

The Average True Range (ATR) for Altice USA Inc. is set at 0.81, with the Price to Sales ratio for ATUS stock in the period of the last 12 months amounting to 0.98. Price to Free Cash Flow for ATUS in the course of the last twelve months was 5.27 with Quick ratio for the last quarter at 0.30.

ATUS stock trade performance evaluation

Altice USA Inc. [ATUS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.30. With this latest performance, ATUS shares dropped by -1.93% in over the last four-week period, additionally plugging by 3.73% over the last 6 months – not to mention a rise of 38.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ATUS stock in for the last two-week period is set at 45.72, with the RSI for the last a single of trading hit 40.19, and the three-weeks RSI is set at 48.81 for Altice USA Inc. [ATUS]. The present Moving Average for the last 50 days of trading for this stock 35.08, while it was recorded at 35.99 for the last single week of trading, and 32.48 for the last 200 days.

Altice USA Inc. [ATUS]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Altice USA Inc. [ATUS] shares currently have an operating margin of +22.32 and a Gross Margin at +45.18. Altice USA Inc.’s Net Margin is presently recorded at +4.41.

Return on Total Capital for ATUS is now 8.34, given the latest momentum, and Return on Invested Capital for the company is 1.69. Return on Equity for this stock inclined to 69.06, with Return on Assets sitting at 1.26. Additionally, ATUS Total Debt to Total Capital is recorded at 104.31, with Total Debt to Total Assets ending up at 79.49.

Reflecting on the efficiency of the workforce at the company, Altice USA Inc. [ATUS] managed to generate an average of $49,009 per employee. Receivables Turnover for the company is 21.73 with a Total Asset Turnover recorded at a value of 0.29.Altice USA Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.

Earnings per share (EPS) analysis for Altice USA Inc. [ATUS] stock

With the latest financial reports released by the company, Altice USA Inc. posted 0.19/share EPS, while the average EPS was predicted by analysts to be reported at 0.15/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 26.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ATUS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Altice USA Inc. go to 53.92%.

Altice USA Inc. [ATUS]: Insider Ownership positions

There are presently around $9,532 million, or 62.10% of ATUS stock, in the hands of institutional investors. The top three institutional holders of ATUS stocks are: SOROBAN CAPITAL PARTNERS LP with ownership of 31,000,000, which is approximately 0% of the company’s market cap and around 0.30% of the total institutional ownership; VANGUARD GROUP INC, holding 20,751,947 shares of the stock with an approximate value of $748.32 million in ATUS stocks shares; and BLACKROCK INC., currently with $488.25 million in ATUS stock with ownership of nearly -6.398% of the company’s market capitalization.

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Positions in Altice USA Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 157 institutional holders increased their position in Altice USA Inc. [NYSE:ATUS] by around 30,865,928 shares. Additionally, 208 investors decreased positions by around 47,782,971 shares, while 40 investors held positions by with 185,691,256 shares. The mentioned changes placed institutional holdings at 264,340,155 shares, according to the latest SEC report filing. ATUS stock had 60 new institutional investments in for a total of 13,297,202 shares, while 67 institutional investors sold positions of 13,605,476 shares during the same period.

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