Altice USA Inc. [ATUS] Stock trading around $12.57 per share: What’s Next?

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Altice USA Inc. [NYSE: ATUS] price surged by 2.36 percent to reach at $0.29. The company report on March 24, 2022 that Altice USA and T-Mobile Extend Strategic MVNO Agreement for Optimum Mobile.


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Altice USA (NYSE: ATUS) and T-Mobile have expanded a multi-year MVNO agreement through which T-Mobile will continue to serve as the nationwide network for Altice USA’s Optimum Mobile service. Terms of the new agreement are mutually beneficial to both companies.

“As we continue to grow and evolve our Optimum Mobile service, we are pleased to reach a new agreement with T-Mobile that ensures our mobile customers will continue to benefit from T-Mobile’s nationwide network,” said Matt Marino, Executive Vice President of Consumer Services for Altice USA. “In addition to access to America’s largest 5G network, the agreement enables Optimum Mobile to provide more flexibility and value to our customers and, when coupled with our Optimum and Suddenlink broadband service, deliver a 360-degree seamless connectivity experience at home and on the go.”.

A sum of 3883243 shares traded at recent session while its average daily volume was at 5.19M shares. Altice USA Inc. shares reached a high of $12.73 and dropped to a low of $12.07 until finishing in the latest session at $12.57.

The one-year ATUS stock forecast points to a potential upside of 35.14. The average equity rating for ATUS stock is currently 2.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on 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 $19.38 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 2.40. 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.

Societe Generale have made an estimate for Altice USA Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 23, 2022. While these analysts kept the previous recommendation, Evercore ISI dropped their target price from $25 to $15. The new note on the price target was released on February 23, 2022, representing the official price target for Altice USA Inc. stock. Previously, the target price had yet another raise to $11, while Exane BNP Paribas analysts kept a Neutral rating on ATUS stock.

The Average True Range (ATR) for Altice USA Inc. is set at 0.53, with the Price to Sales ratio for ATUS stock in the period of the last 12 months amounting to 0.33. Price to Free Cash Flow for ATUS in the course of the last twelve months was 2.08 with Quick ratio for the last quarter at 0.30.

ATUS Stock Performance Analysis:

Altice USA Inc. [ATUS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.25. With this latest performance, ATUS shares gained by 7.80% in over the last four-week period, additionally sinking by -35.64% over the last 6 months – not to mention a drop of -61.36% 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 58.16, with the RSI for the last a single of trading hit 70.36, and the three-weeks RSI is set at 51.47 for Altice USA Inc. [ATUS]. The present Moving Average for the last 50 days of trading for this stock 12.77, while it was recorded at 12.09 for the last single week of trading, and 20.70 for the last 200 days.

Insight into Altice USA Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Altice USA Inc. [ATUS] shares currently have an operating margin of +25.19 and a Gross Margin at +48.77. Altice USA Inc.’s Net Margin is presently recorded at +9.81.

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.

ATUS Stock EPS

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 23.95%.

Altice USA Inc. [ATUS] Insider Position Details

There are presently around $3,074 million, or 55.70% of ATUS stock, in the hands of institutional investors. The top three institutional holders of ATUS stocks are: CLARKSTON CAPITAL PARTNERS, LLC with ownership of 20,408,200, which is approximately 47.219% of the company’s market cap and around 0.40% of the total institutional ownership; BARROW HANLEY MEWHINNEY & STRAUSS LLC, holding 20,137,297 shares of the stock with an approximate value of $247.29 million in ATUS stocks shares; and VANGUARD GROUP INC, currently with $244.73 million in ATUS stock with ownership of nearly 1.901% of the company’s market capitalization.

Positions in Altice USA Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 209 institutional holders increased their position in Altice USA Inc. [NYSE:ATUS] by around 87,101,786 shares. Additionally, 225 investors decreased positions by around 63,047,271 shares, while 26 investors held positions by with 100,196,327 shares. The mentioned changes placed institutional holdings at 250,345,384 shares, according to the latest SEC report filing. ATUS stock had 92 new institutional investments in for a total of 44,544,291 shares, while 106 institutional investors sold positions of 32,141,209 shares during the same period.

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