While Altice USA Inc has underperformed by -0.38%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ATUS fell by -14.43%, with highs and lows ranging from $3.82 to $1.75, whereas the simple moving average fell by -6.31% in the last 200 days.
On February 27, 2024, Exane BNP Paribas Upgraded Altice USA Inc (NYSE: ATUS) to Neutral. A report published by HSBC Securities on November 16, 2023, Downgraded its rating to ‘Reduce’ for ATUS. TD Securities also Downgraded ATUS shares as ‘Hold’, setting a target price of $6 on the company’s shares in a report dated January 23, 2023. Goldman January 10, 2023d the rating to Neutral on January 10, 2023, and set its price target from $7 to $5. BofA Securities initiated its ‘Underperform’ rating for ATUS, as published in its report on December 08, 2022. HSBC Securities also rated the stock as ‘Buy’.
Analysis of Altice USA Inc (ATUS)
Further, the quarter-over-quarter decrease in sales is -2.85%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Altice USA Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.36, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 4.94M can be a very valuable indicator of volatility for ATUS stock. On a monthly basis, the volatility of the stock is set at 6.75%, whereas on a weekly basis, it is put at 4.96%, with a gain of 0.38% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.40, showing growth from the present price of $2.61, which can serve as yet another indication of whether ATUS is worth investing in or should be passed over.
How Do You Analyze Altice USA Inc Shares?
The USA based company Altice USA Inc (ATUS) is one of the biggest names in Telecom Services. When comparing Altice USA Inc shares with other companies under Communication Services, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 22.35, there is a growth in quarterly earnings of 39.20%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 55.67%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 51.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ATUS shares are owned by institutional investors to the tune of 51.30% at present.
