Altice USA Inc. (ATUS): Why You Should Keep An Eye On It

The stock of Altice USA Inc. (NYSE:ATUS) increased by increased by $0.42 on Friday to finish at $18.63, up 2.31 percent. The last five days have seen an average of 5,943,680 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$19.24. The average number of shares traded over the last 20 days was 8,292,985, while the average volume over the last 50 days totaled 7,000,220.

ATUS stock dropped -15.55% since last month. On 10/19/21, the company’s shares reached a one-month low of $17.10. The stock touched a high of $38.30 on 05/10/21, after rallying from a low of $17.10 in 52 weeks. The price of ATUS stock has declined by -50.81% or -$19.24 this year, reaching a new high 2 times. Still, the stock price is down -51.36% from the 52-week high.

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Insider Transactions

There have been 24 days since Altice USA Inc. (ATUS) last reported insider trading activity on Oct 01. On Oct 01, EVP, Gen. Counsel & Secy Olsen Michael sold 3,000 shares at $20.69 each. This transaction resulted in the insider making $62,070. On Sep 01, Olsen Michael sold 3,000 shares at a price of US$27.58. After the transaction, the insider now owns 29,038 shares. EVP, Gen. Counsel & Secy Olsen Michael had earlier sold 3,000 shares on Aug 02 for $30.97 a share. The transaction was completed for $92,910.

Valuation Metrics

Altice USA Inc. (ATUS) has a trailing price-to-earnings (P/E) ratio of 11.67. This level actually compares favorably with the industry at large, as the PE for the Telecom Services industry stands at about 18.24. Further, its PE also compares favorably with the Communication Services sector’s trailing 12 months PE ratio, which comes in at 30.57 right now. The PE ratio of Altice USA Inc. has varied between 741.33 and 4.886 in the last five years. Beta for the stock is 1.12. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.51, and the price-to-cash flow ratio of 3.86.

For the three months ended June 29, Altice USA Inc.’s quick ratio was 0.30, while its current ratio was 0.30, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 66.70% percent. Altice USA Inc.’s EBITDA margin for the year ended June 29 was 43.84%, whereas its operating margin stood at 21.00% for the same period. Based on annual data, it had gross profit of $6.55 billion and revenue of $9.89 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ATUS’s return on assets (ROA) during the last 12 months has been 2.40%. There was a 6.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -106.50%.

Earnings Surprise

According to Altice USA Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.52 billion, while revenues rose by 1.63% to $2.48 billion. It was predicted that Altice USA Inc.’s quarterly earnings would be $0.43, but it ended up being $0.47, beating the consensus by -8.50%. EBITDA was $1.09 billion for the quarter. At the end of Altice USA Inc.’s most recent quarter ended June 29, its liabilities totaled 34.88 billion, while its total debt was $27.46 billion. Equity owned by shareholders amounts to $457.13 million.

Technical Picture

Here’s a quick look at Altice USA Inc.’s (ATUS) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 45.91%, suggesting the stock is Neutral, with a 46.74% historical volatility rate.

The stochastic %K and %D were 42.17% and 27.36% respectively, while the average true range (ATR) was 0.88. Based on the 14-day stochastic reading of 59.07%, the RSI (14) reading is 38.13%. On the 9-day MACD Oscillator, the stock is at 0.60, and the 14-day reading is at 0.29.

Analyst Ratings

Altice USA Inc. (NYSE: ATUS) was downgraded by Deutsche Bank to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Altice USA Inc. (ATUS) an Overweight rating. ATUS is a stock that is recommended for selling by 0 brokerage firms, while 12 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 14 others recommend it as a buy.

What is ATUS’s price target for the next 12 months?

The current consensus forecast for the stock is between $20.00 and $51.00, with a median target price of $29.00. In analyzing these forecasts, the average price target given by analysts for Altice USA Inc. (ATUS) is $31.19.


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