Altice USA, Inc., a leading American telecommunications company listed on the New York Stock Exchange (NYSE) under the ticker ATUS, has received mixed reviews from industry analysts regarding its stock performance. As Bloomberg Ratings reports, twenty analysts have covered the firm and provide varied recommendations for potential investors.
Interestingly, only one analyst has suggested a “sell” rating for Altice USA’s stock. Perhaps as a testament to the organization’s overall stability and prospects for growth in the telecommunications sector, eight of the analysts who evaluated ATUS rank it as a “hold,” while three others consult it as a “buy.”
Although this level of ambiguity might lead some potential investors to query if Altice USA is worth considering in their portfolios, notable brokerages seem bullish on its future trajectory. The average target price over the next twelve months for brokers who recently covered the stock comes in at an impressive $8.06.
Telecommunications firms like Altice USA have substantial influence over our modern lives- regulating data access, television programming, and phone communications with millions of customers across multiple countries. Therefore understanding which stocks are likely to appreciate in value is becoming more important than ever before.
Despite varying expert opinions regarding Altice USA’s current valuation and expected future growth trajectory over time, it appears that reputable sources suggest that there may be much-needed opportunities lying ahead for this promising enterprise.
It remains vital that investors carefully monitor all updates concerning evaluation reports and news about internal operational matters when assessing any company’s risk and potential earnings moving forward; however, it seems clear that many indications imply Altice USA is worth keeping an eye on heading deeper into 2023.
Altice USA, Inc.
Updated on: 25/02/2024
Debt to equity ratio: Strong Sell
Price to earnings ratio: Buy
Price to book ratio: Strong Sell
DCF: Strong Buy
ROE: Strong Sell
We did not find social sentiment data for this stock
|Analyst / firm
Shifting Landscapes: Analyzing Altice USA’s Potential in the Evolving Telecommunications Industry
The telecommunications industry is an ever-changing and complex landscape that demands constant evolution. Altice USA, a leader in the sector, has garnered attention from research analysts in recent weeks as they have issued reports on the company. Pivotal Research decreased its target price on Altice USA from $4.50 to $3.00 amid growing concerns over market competition and financial stability. This move was followed by a rating cut from TheStreet, which downgraded the company from “c-” to “d” based on similar concerns.
Despite these setbacks, other analysts are more optimistic about Altice USA’s potential for growth. Deutsche Bank Aktiengesellschaft increased the company’s target price from $4.50 to $4.75 while noting that Altice USA has taken steps to address issues such as customer satisfaction and retention.
Meanwhile, institutional investors and hedge funds have also been making moves with regards to Altice USA. Equitable Holdings Inc., Covestor Ltd, Landscape Capital Management L.L.C., Diversified Trust Co, and Cambridge Investment Research Advisors Inc. all bought or boosted their positions in the company during various quarters of the year.
As we approach 2023, it remains unclear how these various changes will impact Altice USA in the long term. The telecommunications sector is ripe with opportunities but also fraught with challenges such as regulatory issues and fierce competition from both existing players and emerging disruptors.
Nonetheless, it is clear that there are those who believe that despite its challenges, Altice USA has the potential to succeed based on a number of factors such as novel approaches to products and services or innovative cost-saving measures.
As developments continue to unfold in this space, all eyes will be on Altice USA – a once-dominant industry player seeking to reclaim its position among competitors looking to carve out their own niches in this fast-moving sector.