Altice USA (NYSE:ATUS) Has Lost a Vote of Confidence Today From BidaskScore. What Does This Ultimately Mean

Altice USA (NYSE:ATUS) Receives a Downgrade

Altice USA (NYSE:ATUS) shares have just seen their rating cut by stock research analysts at BidaskScore to a ‘Buy’ in a report revealed to investors on Saturday, 12 October.

Altice USA, Inc. (NYSE:ATUS) Ratings Coverage

Among 7 analysts covering Altice USA (NYSE:ATUS), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Altice USA has $4200 highest and $3000 lowest target. $34.57’s average target is 23.11% above currents $28.08 stock price. Altice USA had 11 analyst reports since August 1, 2019 according to SRatingsIntel. Guggenheim maintained Altice USA, Inc. (NYSE:ATUS) on Thursday, September 19 with “Buy” rating. The rating was maintained by Nomura on Thursday, August 1 with “Buy”. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, August 1 report. The rating was maintained by Benchmark on Thursday, September 19 with “Buy”. The firm has “Buy” rating by Citigroup given on Friday, October 4. The stock of Altice USA, Inc. (NYSE:ATUS) has “Buy” rating given on Friday, August 23 by Citigroup. UBS maintained the shares of ATUS in report on Thursday, August 1 with “Buy” rating. The stock of Altice USA, Inc. (NYSE:ATUS) earned “Buy” rating by Nomura on Wednesday, September 11. The stock of Altice USA, Inc. (NYSE:ATUS) earned “Hold” rating by TD Securities on Thursday, September 19.

The stock decreased 0.60% or $0.17 during the last trading session, reaching $28.08. About 7.53M shares traded or 50.41% up from the average. Altice USA, Inc. (NYSE:ATUS) has risen 57.86% since October 13, 2018 and is uptrending. It has outperformed by 57.86% the S&P500.

Analysts await Altice USA, Inc. (NYSE:ATUS) to report earnings on November, 4. They expect $0.10 earnings per share, up 150.00 % or $0.06 from last year’s $0.04 per share. ATUS’s profit will be $83.49M for 70.20 P/E if the $0.10 EPS becomes a reality. After $0.13 actual earnings per share reported by Altice USA, Inc. for the previous quarter, Wall Street now forecasts -23.08 % negative EPS growth.

Altice USA, Inc., together with its subsidiaries, operates as a broadband communications and video services well-known provider in the United States. The company has market cap of $23.44 billion. It operates through Cablevision and Cequel divisions. It has a 64.26 P/E ratio. The firm delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

More notable recent Altice USA, Inc. (NYSE:ATUS) news were published by: Seekingalpha.com which released: “Appeals court largely upholds net neutrality dereg – Seeking Alpha” on October 01, 2019, also Seekingalpha.com with their article: “Altice USA: Growth Should Continue Thanks To Favorable Outlook – Seeking Alpha” published on July 19, 2019, Businesswire.com published: “Altice USA Reports Second Quarter 2019 Results – Business Wire” on July 31, 2019. More interesting news about Altice USA, Inc. (NYSE:ATUS) were released by: Seekingalpha.com and their article: “Altice USA prepares to enter wireless service fray – WSJ – Seeking Alpha” published on May 28, 2019 as well as Seekingalpha.com‘s news article titled: “Altice USA +4.3% as Benchmark initiates Buy rating – Seeking Alpha” with publication date: September 09, 2019.

Altice USA, Inc. (NYSE:ATUS) Ratings Chart

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