Altice USA Inc (NYSE: ATUS) Could Post Excellent Profits?

In the last trading session, 1.03 million shares of the Altice USA Inc (NYSE:ATUS) were traded, and its beta was 1.39. Most recently the company’s share price was $1.92, and it changed around -$0.05 or -2.54% from the last close, which brings the market valuation of the company to $875.75M. ATUS currently trades at a discount to its 52-week high of $3.82, offering almost -98.96% off that amount. The share price’s 52-week low was $1.75, which indicates that the current value has risen by an impressive 8.85% since then. We note from Altice USA Inc’s average daily trading volume that its 3-month average coming to 4.09 million.

Altice USA Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.89. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 7 recommended ATUS as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Altice USA Inc is expected to report earnings per share of $Arbutus Biopharma Corporation for the current quarter.

Altice USA Inc (NYSE:ATUS) trade information

Instantly ATUS has showed a red trend with a performance of -2.54% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -40.92% year-to-date, but still down -6.34% over the last five days. On the other hand, Altice USA Inc (NYSE:ATUS) is -26.15% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $17.79, which translates to bulls needing to increase their stock price by 89.21% from its current value. Analyst projections state that ATUS is forecast to be at a low of $1 and a high of $43.

Altice USA Inc (ATUS) estimates and forecasts

Altice USA Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -36.00 percent over the past six months and at a 58.33% annual growth rate that is well above the industry average of 22.90%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 35.28%. Altice USA Inc earnings are expected to increase by 79.09% in 2024, but the outlook is negative -0.20% per year for the next five years.

ATUS Dividends

Altice USA Inc’s next quarterly earnings report is expected to be released in May.