In today’s recent session, 1.53 million shares of the Altice USA Inc. (NYSE:ATUS) have been traded, and its beta is 1.06. Most recently the company’s share price was $16.92, and it changed around $0.62 or 3.80% from the last close, which brings the market valuation of the company to $4.47B. ATUS at last check was trading at a discount to its 52-week high of $38.30, offering almost -126.36% off that amount. The share price’s 52-week low was $16.07, which indicates that the recent value has risen by an impressive 5.02% since then. We note from Altice USA Inc.’s average daily trading volume that its 10-day average is 6.14 million shares, with the 3-month average coming to 6.57 million.
Altice USA Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 29 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 12 recommended ATUS as a Hold, whereas 14 deemed it a Buy, and 1 rated it as Underweight. Altice USA Inc. is expected to report earnings per share of $0.52 for the current quarter.
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Instantly ATUS has been showing a green trend so far today with a performance of 3.80% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 18.09 on Friday, 10/29/21 increased the stock’s daily price by 6.47%. The company’s shares are currently down -56.96% year-to-date, but still down -12.51% over the last five days. On the other hand, Altice USA Inc. (NYSE:ATUS) is -21.33% down in the 30-day period. We can see from the shorts that 33.8 million shares have been sold at a short interest cover period of 8.05 day(s).
The consensus price target as assigned by Wall Street analysts is $31.19, which translates to bulls needing to increase their stock price by 45.75% from its current value. Analyst projections state that ATUS is forecast to be at a low of $20.00 and a high of $51.00. In order for the stock price to hit the forecast high, the stock would need to plunge -201.42% from its current level, while the stock would need to crash -18.2% from its current level to reach the projected low. Altice USA Inc. (ATUS) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 5,300.00% in revenue this quarter, and will report a decrease of -5.00% in the next quarter. The year-over-year growth rate is expected to be 1.60%, up from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of $2.51 billion in revenue for the current quarter. 17 analysts expect Altice USA Inc. to make $2.55 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $2.48 billion and $2.54 billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.00%. Forecasts for the next quarter put sales growth at 0.40%.
Altice USA Inc. earnings are expected to increase by 256.40% in 2021, but the outlook is positive 34.21% per year for the next five years. ATUS Dividends
Altice USA Inc.’s next quarterly earnings report is expected to be released around October 27 and November 01. Altice USA Inc. (NYSE:ATUS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.47% of Altice USA Inc. shares, and 54.03% of them are in the hands of institutional investors. The stock currently has a share float of 62.44%. Altice USA Inc. stock is held by 537 institutions, with Soroban Capital Partners LP being the largest institutional investor. By Jun 29, 2021, it held 5.91% of the shares, which is about 27.0 million shares worth $921.78 million.
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