Analysts Update Their Price Forecasts For Altice USA Inc (ATUS)

Altice USA Inc (ATUS) concluded trading on Thursday at a closing price of $2.59, with 4.75 million shares of worth about $12.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.60% during that period and on November 21, 2024 the price saw a gain of about 7.02%. Currently the company’s common shares owned by public are about 271.77M shares, out of which, 197.33M shares are available for trading.

Stock saw a price change of -0.77% in past 5 days and over the past one month there was a price change of 9.75%. Year-to-date (YTD), ATUS shares are showing a performance of -20.31% which increased to 8.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.52 but also hit the highest price of $3.66 during that period. The average intraday trading volume for Altice USA Inc shares is 3.46 million. The stock is currently trading 1.17% above its 20-day simple moving average (SMA20), while that difference is up 6.04% for SMA50 and it goes to 16.57% higher than SMA200.

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Altice USA Inc (NYSE: ATUS) currently have 271.77M outstanding shares and institutions hold larger chunk of about 51.99% of that.

The stock has a current market capitalization of $1.19B and its 3Y-monthly beta is at 1.54. It has posted earnings per share of -$0.37 in the same period. It has Quick Ratio of 0.41. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ATUS, volatility over the week remained 6.44% while standing at 7.00% over the month.

Stock’s fiscal year EPS is expected to drop by -134.12% while it is estimated to increase by 113.77% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on August 02, 2024 offering a Neutral rating for the stock and assigned a target price range of between $4 and $2 to it. Coverage by Goldman stated Altice USA Inc (ATUS) stock as a Sell in their note to investors on July 01, 2024, suggesting a price target of $2 for the stock. Stock get an Underperform rating from Exane BNP Paribas on April 09, 2024.

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