Altice USA Inc (NYSE:ATUS)’s traded shares stood at 4.2 million during the last session, with the company’s beta value hitting 1.59. At the close of trading, the stock’s price was $2.90, to imply an increase of 2.47% or $0.07 in intraday trading. The ATUS share’s 52-week high remains $3.20, putting it -10.34% down since that peak but still an impressive 47.59% since price per share fell to its 52-week low of $1.52.
Analysts have given a consensus recommendation of Buy for Altice USA Inc (ATUS), translating to a mean rating of 2.94. Of 18 analyst(s) looking at the stock, 2 analyst(s) give ATUS a Sell rating. 0 of those analysts rate the stock as Overweight while 8 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.07.
Altice USA Inc (NYSE:ATUS) trade information
After registering a 2.47% upside in the last session, Altice USA Inc (ATUS) has traded red over the past five days. The 5-day price performance for the stock is 1.05%, and -1.02% over 30 days. With these gigs, the year-to-date price performance is 20.33%.
The extremes give us $1 and $43 for target low and target high price respectively. As such, ATUS has been trading -1382.76% off suggested target high and 65.52% from its likely low.
Altice USA Inc (ATUS) estimates and forecasts
The rating firms project that company’s revenue will shrink -4.15% compared to the previous financial year.
Revenue forecast for the current quarter as set by 11 analysts is 2.16B. Meanwhile, for the current quarter, a total of 10 analyst(s) estimate revenue growth to 2.15B.Earnings reports from the last fiscal year show that sales brought in 2.25B and 2.24B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -4.07% before dropping -4.08% in the following quarter.
ATUS Dividends
Altice USA Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Altice USA Inc (NYSE:ATUS)’s Major holders
The next major institution holding the largest number of shares is CLARKSTON CAPITAL PARTNERS, LLC with 31.24 million shares, or about 6.7921% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $63.74 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Altice USA Inc (ATUS) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 6.82 shares. This is just over 1.47% of the total shares, with a market valuation of $19.78 million. Data from the same date shows that the other fund manager holds a little less at 5.54, or 1.20% of the shares, all valued at about 16.07 million.
