Altice USA stock: buy or sell?
September 20th, 2019
Altice USA, Inc., together with its subsidiaries, operates as a broadband communications and video services provider in the United States.
Should I buy Altice USA stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Just 1 of our buy setups matches with Altice USA stock now:
|New all-time high||No|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Altice USA stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 15 ratings published for ATUS stock in the last month. The general sentiment of these ratings is bullish for ATUS stock, with 14 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-27||Wells Fargo & Co||n/a||Outperform|
|2019-8-1||JPMorgan Chase & Co.||n/a||Overweight|
Altice USA stock analysis
Altice USA shares depreciated -1.31% to $29.34 today.
Altice USA shares depreciated -1.31% to $29.34 today. Since June when ATUS stock price broke up the SMA50d line, it gained $5.79 (24.59%).
After climbing for 4 weeks, this week Altice USA remained steady a neutral -0.20%, closing at $29.34.
In a weekly time frame, Altice USA stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, ATUS might consolidate in a flat-base, waiting to break out over or down under . Since price and SMA40w lines crossed up early January, ATUS climbed $11.93 (68.52%). Since early October 2018 when SMA20w and SMA40w crossed up, ATUS price gained $11.58 per share (65.20%).
Altice USA stock price history
Altice USA IPO was on June 22nd, 2017 at $28.40 per share1. Since then, ATUS stock grew a 3.30%, with an average of 1.70% per year. If you had invested $1,000 in Altice USA stock in 2017, it would worth $33.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Altice USA stock historical price chart
ATUS stock reached 52-week highs yesterday at $30.34, and all-time highs 2017-06-23 with a price of 31.72.
Altice USA stock price target is $33.10How much a stock will be priced tomorrow or next week is quite unpredictable However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 14 price predictions for Altice USA stock posted in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-1||UBS Group||Raises Target||$28.00||$30.00||7.1%|
|2019-8-1||JPMorgan Chase & Co.||Reiterates||$28.00||$31.00||10.7%|
|2019-6-14||Pivotal Research||Raises Target||$28.00||$32.00||14.3%|
|2019-2-22||TD Securities||Raises Target||$24.00||$25.00||4.2%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn February, Altice USA presented its financial report, posting a super good gain for the Earnings per Share (EPS). Analyst were expecting $0.14 per share, but Altice USA posted $0.31.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a tiny growth of 2.79% to $9,566.61 million dollars. However, its profit margin (compared to sales) collapsed to 0.20%, that is $18.83 million.
|2016||$6,017 M||-||$-832.03 M-13.8%||-|
|2017||$9,307 M||54.67%||$1,493 M16.0%||-279.46%|
|2018||$9,567 M||2.79%||$19 M0.2%||-98.74%|
Quarterly financial resultsAltice USA posted $2,454.94 million in sales for 2018-Q4, a 1.54% up compared to previous quarter. Reported quarter earnings marked $213.09 M with a profit margin of 8.68%. Profit margin jumped a 7.33% compared to previous quarter when profit margin was 1.35%. When comparing turnover to same quarter last year, Altice USA sales marked a decent increase and gained a 3.17%. Looking back to recent quarterly results, Altice USA posted 3 negative quarters in a row.
|2017-Q1||$2,310 M||-||$-76 M-3.3%||-|
|2017-Q2||$2,330 M||0.87%||$-475 M-20.4%||521.69%|
|2017-Q3||$2,327 M||-0.12%||$-182 M-7.8%||-61.65%|
|2017-Q4||$2,379 M||2.25%||$2,269 M95.4%||-1,345.37%|
|2018-Q1||$2,330 M||-2.09%||$-129 M-5.5%||-105.68%|
|2018-Q2||$2,364 M||1.48%||$-98 M-4.1%||-24.11%|
|2018-Q3||$2,418 M||2.27%||$33 M1.3%||-133.27%|
|2018-Q4||$2,455 M||1.54%||$213 M8.7%||554.58%|
Altice USA ownershipWhen you are planning to buy a company, it's always worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Altice USA, 25.00% of all outstanding shares are owned by its staff.
In case of Altice USA stock, 75.77% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ATUS stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$19.0 B||$26.9 B|
|Total shares||647.7 M||4,090.0 M|
|Float shares||360.4 M||636.0 M|
|- Institutional holdings (%)||75.8%||15.1%|
|- Insider holdings (%)||25.0%||0.2%|
|Shares in short selling||0.0%||0.0%|
Altice USA summary
|Friday, September 20th, 2019|
|Day range||$29.22 - $29.90|
|Average true range||$0.69|
|50d mov avg||$27.43|
|100d mov avg||$25.81|
|200d mov avg||$23.04|
Altice USA performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We selected Array as the bechmarking frame for Altice USA stock.
Altice USA competitorsChoosing a list of competitors for Altice USA it's tough. We selected just one public company that in our opinion is related to and can be considered Altice USA competitor:
Latest Altice USA stock news
- Seeking AlphaAltice USA: Flip That Cable CompanyJune 22, 2018