While Altice USA Inc has underperformed by -2.54%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ATUS fell by -34.92%, with highs and lows ranging from $3.82 to $1.75, whereas the simple moving average fell by -30.14% in the last 200 days.
On April 11, 2024, JP Morgan Downgraded Altice USA Inc (NYSE: ATUS) to Underweight. A report published by Exane BNP Paribas on April 09, 2024, Downgraded its rating to ‘Underperform’ for ATUS. Wells Fargo also Downgraded ATUS shares as ‘Underweight’, setting a target price of $1 on the company’s shares in a report dated April 05, 2024. HSBC Securities November 16, 2023d its ‘Buy’ rating to ‘Reduce’ for ATUS, as published in its report on November 16, 2023. TD Securities’s report from January 23, 2023 suggests a price prediction of $6 for ATUS shares, giving the stock a ‘Hold’ rating. Goldman also rated the stock as ‘Neutral’.
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.
To gain a thorough understanding of Altice USA Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ATUS is recording an average volume of 4.09M. On a monthly basis, the volatility of the stock is set at 6.58%, whereas on a weekly basis, it is put at 6.27%, with a loss of -6.34% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.26, showing growth from the present price of $1.92, 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?
A leading company in the Telecom Services sector, Altice USA Inc (ATUS) is based in the USA. 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 16.44, there is a growth in quarterly earnings of 39.20%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 51.15% 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 51.15% at present.
