Altice USA stock: buy or sell?

ATUS stock price: $28.71 2.65% At close on February 14th, 2020

Updated on:
February 14th, 2020

4

After sliding a hair-raising -5.65% on Thursday, Altice USA closed on Feb/14 at $28.71 and jumped a very good 2.65%.

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?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Altice USA stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ATUS will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Altice USA stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't detect any rating for ATUS stock for the last 30 days.

Altice USA stock analysis

Daily outlook

After sliding a hair-raising -5.65% on Thursday, Altice USA closed on Feb/14 at $28.71 and jumped a very good 2.65%.

On November, ATUS hit new all time highs, pushing higher previous ATH of $31.72 recorded . New ATHs are usual entry points for many trading setups as there aren't higher resistences. After sliding a hair-raising -5.65% on Thursday, Altice USA closed on February 14th at $28.71 and jumped a very good 2.65%. Since price and SMA200d lines crossed up on Jan/30, ATUS climbed $2.10 (7.89%). From a daily perspective, ATUS is in a short term uptrend after plotting its last bottom ($27.64, on February 7th) higher than the previous bottom, and its last top ($29.94, on Wednesday) also over the previous top. Now trading in between its last bottom and last top ATUS might consolidate in a plain range, waiting to break out over $29.94 or down under $27.64.

ATUS stock chart (daily)

Weekly outlook

Altice USA shares escalated 3.50% this week, ending at $28.71.

Not so far away is the last all-time high Altice USA marked early November. If you observe the weekly chart, price is in a simple uptrend, tested $26.39 level and now climbing back aiming its last top at $29.40. Early December ATUS price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

ATUS stock chart (weekly)

Altice USA stock price history

Altice USA IPO was on June 22nd, 2017 at $28.40 per share1. Since then, ATUS stock grew a 1.10%, with a yearly average of 0.60%. If you had invested right after ATUS's IPO a $1,000 in Altice USA stock in 2017, it would worth $11.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Altice USA stock historical price chart

ATUS stock reached all-time highs on November with a price of $31.78.

Altice USA stock price target

Nobody can reliably foresee how stock prices may evolve in the future. 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. For the last month we have not detected any price target for Altice USA stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Altice USA presented its financial report, posting a super good gain for the Earnings per Share (EPS) ratio. Analyst expected $0.14 per share, but Altice USA posted $0.31.
ATUS earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.04n/a
2017-Q2-n/a-0.16n/a
2017-Q3-n/a-0.17n/a
2017-Q42018-02-27-0.01n/an/a
2018-Q12018-05-09-0.13-0.16n/a
2018-Q22018-08-02-0.05-0.08n/a
2018-Q32018-11-05-0.040.04n/a
2018-Q42019-02-210.140.31121.4%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a slightly fine increase of 2.79% to $9,566.61 M USD. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) collapsed a -15.85% to 0.20%.

ATUS annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2016$6,017 M-$-832.03 M-13.8%-
2017$9,307 M54.67%$1,493 M16.0%-279.46%
2018$9,567 M2.79%$19 M0.2%-98.74%

Quarterly financial results

Altice USA reported $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 soared a 7.33% compared to previous quarter when profit margin was 1.35%. When comparing sales to same quarter last year, Altice USA sales marked a decent gain and appreciated a 3.17%. Looking back to recent quarterly results, Altice USA posted 3 negative quarters in a row.
ATUS quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$2,310 M-$-76 M-3.3%-
2017-Q2$2,330 M0.87%$-475 M-20.4%521.69%
2017-Q3$2,327 M-0.12%$-182 M-7.8%-61.65%
2017-Q4$2,379 M2.25%$2,269 M95.4%-1,345.37%
2018-Q1$2,330 M-2.09%$-129 M-5.5%-105.68%
2018-Q2$2,364 M1.48%$-98 M-4.1%-24.11%
2018-Q3$2,418 M2.27%$33 M1.3%-133.27%
2018-Q4$2,455 M1.54%$213 M8.7%554.58%

Altice USA ownership

When you are planning to invest in a stock, it's always worth to overview 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, 29.85% of all outstanding shares are owned by its staff.

Bearish positions for ATUS stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Altice USA:

ATUS
Market cap$12.9 B
Total shares450.6 M
Float shares351.4 M
  - Institutional holdings (%)96.6%
  - Insider holdings (%)29.8%
Shares in short selling0.0%

Altice USA summary

Friday, February 14th, 2020
Open$28.00
Close$28.71
Day range$28.00 - $28.75
Previous close$27.97
Session gain2.65%
Average true range$0.93
50d mov avg$27.61
100d mov avg$27.91
200d mov avg$26.89
Daily patternlt06a
Weekly pattern lb01a

Altice USA performance

To measure stock performance is always good to compare with competitors or related stocks. In the following table, we compare Altice USA performance to :
Stock3m6m12m
ATUSAltice USA6.81%8.14%32.98%

Altice USA competitors

Unfortunately, we could not find any public company that could be defined as Altice USA competitor. This doesn't mean Altice USA does not have any competitor in the market, it's just we could not detected it.

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