Altice USA stock: buy or sell?

ATUS stock price: $29.34 -1.31% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

Altice USA ended today at $29.34 and depreciated a fatal -1.31%.

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:

Buy setupElegible
New all-time highNo
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

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.
Is ATUS a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-9Benchmarkn/aBuy
2019-9-19TD SecuritiesBuyHold
2019-9-19Guggenheimn/aBuy
2019-9-19Benchmarkn/aBuy
2019-9-19Benchmarkn/aBuy
2019-9-11Nomuran/aBuy
2019-8-27Wells Fargo & Con/aOutperform
2019-8-23Citigroupn/aBuy
2019-8-1UBS Groupn/aBuy
2019-8-1Nomuran/aBuy
2019-8-1KeyCorpn/aOverweight
2019-8-1JPMorgan Chase & Co.n/aOverweight
2019-6-14Pivotal ResearchBuyBuy
2019-6-14Pivotal Researchn/aBuy
2019-2-22TD Securitiesn/aBuy

Altice USA stock analysis

Daily outlook

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%).

ATUS stock chart (daily)

Weekly outlook

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%).

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 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 $33.10

How 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:
ATUS stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-9BenchmarkInitiatesn/a$35.00-
2019-9-19TD SecuritiesDowngradesn/a$33.00-
2019-9-19GuggenheimRaises Target$32.00$33.003.1%
2019-9-19BenchmarkReiterates$35.00$36.002.9%
2019-9-19BenchmarkRaises Target$35.00$36.002.9%
2019-9-11NomuraRaises Target$35.00$42.0020%
2019-8-23CitigroupRaises Target$27.00$32.0018.5%
2019-8-1UBS GroupRaises Target$28.00$30.007.1%
2019-8-1NomuraRaises Target$30.00$35.0016.7%
2019-8-1KeyCorpRaises Target$25.00$31.0024%
2019-8-1JPMorgan Chase & Co.Reiterates$28.00$31.0010.7%
2019-6-14Pivotal ResearchReiterates$28.00$32.0014.3%
2019-6-14Pivotal ResearchRaises Target$28.00$32.0014.3%
2019-2-22TD SecuritiesRaises Target$24.00$25.004.2%
(in average)$29.60$33.1012.0%
Moving in a range from $42.00 and $25.00, the price forecast for Altice USA stock is $33.10. In average, analysts' outlook on ATUS price forecast is positive, upgrading the forecast by a 12.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On 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.
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 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.

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 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.
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 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:

ATUSS
Market cap$19.0 B$26.9 B
Total shares647.7 M4,090.0 M
Float shares360.4 M636.0 M
  - Institutional holdings (%)75.8%15.1%
  - Insider holdings (%)25.0%0.2%
Shares in short selling0.0%0.0%

Altice USA summary

Friday, September 20th, 2019
Open$29.71
Close$29.34
Day range$29.22 - $29.90
Previous close$29.73
Session gain-1.31%
Average true range$0.69
50d mov avg$27.43
100d mov avg$25.81
200d mov avg$23.04
Daily pattern
Weekly pattern lt06a

Altice USA performance

Performance 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.
Stock3m6m12m
ATUSAltice USA25.65%37.30%53.13%
SSprint-4.22%5.28%2.97%

Altice USA competitors

Choosing 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