Altice USA Inc. [ATUS] stock Downgrade by TD Securities analyst, price target now $6

Altice USA Inc. [NYSE: ATUS] price plunged by -4.86 percent to reach at -$0.19.

A sum of 8841867 shares traded at recent session while its average daily volume was at 4.66M shares. Altice USA Inc. shares reached a high of $3.98 and dropped to a low of $3.67 until finishing in the latest session at $3.72.

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The one-year ATUS stock forecast points to a potential upside of 48.12. The average equity rating for ATUS stock is currently 2.80, 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 $7.17 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 2.80. 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.

TD Securities have made an estimate for Altice USA Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 23, 2023. While these analysts kept the previous recommendation, Goldman dropped their target price from $7 to $5. The new note on the price target was released on January 10, 2023, representing the official price target for Altice USA Inc. stock. Previously, the target price had yet another raise to $3.50, while BofA Securities analysts kept a Underperform rating on ATUS stock.

The Average True Range (ATR) for Altice USA Inc. is set at 0.31, with the Price to Sales ratio for ATUS stock in the period of the last 12 months amounting to 0.18. Price to Free Cash Flow for ATUS in the course of the last twelve months was 3.75 with Quick ratio for the last quarter at 0.60.

ATUS Stock Performance Analysis:

Altice USA Inc. [ATUS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.68. With this latest performance, ATUS shares dropped by -21.68% in over the last four-week period, additionally sinking by -64.33% over the last 6 months – not to mention a drop of -67.96% 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 31.91, with the RSI for the last a single of trading hit 26.50, and the three-weeks RSI is set at 35.90 for Altice USA Inc. [ATUS]. The present Moving Average for the last 50 days of trading for this stock 4.56, while it was recorded at 4.06 for the last single week of trading, and 7.24 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 +20.03 and a Gross Margin at +48.39. Altice USA Inc.’s Net Margin is presently recorded at +2.02.

Altice USA Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

Altice USA Inc. [ATUS] Insider Position Details

There are presently around $946 million, or 59.80% 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 35,252,350, which is approximately 1.767% of the company’s market cap and around 0.70% of the total institutional ownership; VANGUARD GROUP INC, holding 23,264,129 shares of the stock with an approximate value of $86.54 million in ATUS stocks shares; and REDWOOD CAPITAL MANAGEMENT, LLC, currently with $56.88 million in ATUS stock with ownership of nearly 41.053% of the company’s market capitalization.

Positions in Altice USA Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 151 institutional holders increased their position in Altice USA Inc. [NYSE:ATUS] by around 59,704,192 shares. Additionally, 148 investors decreased positions by around 68,383,968 shares, while 35 investors held positions by with 126,330,792 shares. The mentioned changes placed institutional holdings at 254,418,952 shares, according to the latest SEC report filing. ATUS stock had 51 new institutional investments in for a total of 13,355,287 shares, while 71 institutional investors sold positions of 49,124,008 shares during the same period.


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