Market Analysts see Altice USA Inc. [ATUS] falling to $19. Time to buy?



Altice USA Inc. [NYSE: ATUS] traded at a low on 11/24/21, posting a -2.39 loss after which it closed the day’ session at $16.31. The company report on November 9, 2021 that Lightpath Announces Major Expansion to Fiber Network in Boston Region.

Expansion Adds Over 50 Route Miles to Network Established Earlier in 2021 Via Multiple Acquisitions.

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Lightpath, an all-fiber, infrastructure-based connectivity provider that is revolutionizing how organizations connect to their digital destinations, announced a 50-mile expansion of its all-fiber network in the Boston region, following the company’s entrance into the market via multiple acquisitions in June. The additional 50 route miles of network brings the total route miles in the Boston metropolitan area to over 130.

The results of the trading session contributed to over 15113556 shares changing hands. Over the past one week, the price volatility of Altice USA Inc. stands at 4.40% while the volatility over the past one month is 4.86%.

The market cap for ATUS stock reached $4.47 billion, with 274.02 million shares outstanding and 198.90 million shares in the current float. Compared to the average trading volume of 7.21M shares, ATUS reached a trading volume of 15113556 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $28.79 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.

Loop Capital have made an estimate for Altice USA Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on November 22, 2021. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $40 to $22. The new note on the price target was released on October 12, 2021, representing the official price target for Altice USA Inc. stock. On September 27, 2021, analysts decreased their price target for ATUS shares from 46 to 24.

The Average True Range (ATR) for Altice USA Inc. is set at 0.82, with the Price to Sales ratio for ATUS stock in the period of the last 12 months amounting to 0.44. Price to Free Cash Flow for ATUS in the course of the last twelve months was 4.26 with Quick ratio for the last quarter at 0.20.

How has ATUS stock performed recently?

Altice USA Inc. [ATUS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.26. With this latest performance, ATUS shares dropped by -7.28% in over the last four-week period, additionally sinking by -54.92% over the last 6 months – not to mention a drop of -52.83% 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 38.50, with the RSI for the last a single of trading hit 36.98, and the three-weeks RSI is set at 37.81 for Altice USA Inc. [ATUS]. The present Moving Average for the last 50 days of trading for this stock 18.75, while it was recorded at 16.82 for the last single week of trading, and 29.53 for the last 200 days.

Altice USA Inc. [ATUS]: Deeper insight into the 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 0.20 and a Current Ratio set at 0.20.

Earnings analysis for Altice USA Inc. [ATUS]

With the latest financial reports released by the company, Altice USA Inc. posted -0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0.24/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -104.20%. 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 34.21%.

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Insider trade positions for Altice USA Inc. [ATUS]

There are presently around $3,886 million, or 52.00% of ATUS stock, in the hands of institutional investors. The top three institutional holders of ATUS stocks are: VANGUARD GROUP INC with ownership of 19,557,586, which is approximately -0.287% of the company’s market cap and around 0.10% of the total institutional ownership; BARROW HANLEY MEWHINNEY & STRAUSS LLC, holding 19,363,091 shares of the stock with an approximate value of $323.56 million in ATUS stocks shares; and BLACKROCK INC., currently with $237.72 million in ATUS stock with ownership of nearly 23.565% of the company’s market capitalization.

Positions in Altice USA Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 213 institutional holders increased their position in Altice USA Inc. [NYSE:ATUS] by around 78,614,482 shares. Additionally, 182 investors decreased positions by around 98,754,940 shares, while 35 investors held positions by with 55,161,410 shares. The mentioned changes placed institutional holdings at 232,530,832 shares, according to the latest SEC report filing. ATUS stock had 86 new institutional investments in for a total of 32,806,383 shares, while 58 institutional investors sold positions of 57,171,316 shares during the same period.



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