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Stock Charts AI Power Rank: 0.7
Power Rank trending -> DOWN

Last Price: 2.05 - Change: 0.01 - Change %: 0.4902
06/24/2024 19:51:00 EST

Altice USA Inc (ATUS)

Industry: Telecom Services

Price Support Resistance

In the past 20 trading days, ATUS has been trading in a range between $2.65 and $2.06 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

The AI powered stock chart is in a Red zone currently. We would avoid this stock.

Upside / Downside Potential

Altice USA Inc $ATUS entered a Red zone 7 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $4.74, a potential upside of 132.35% from the recent price of 2.04. The stock is trading 87.25% (potential upside) below its 52 week high of $3.82 and 16.57 % (potential downside) above its 52 week low of $1.75 - based on the recent price.

Company Summary

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers.

ATUS Website

News

Altice's (ATUS) Lightpath to Boost Connectivity With Buyout
Altice's (ATUS) connectivity solutions are likely to witness robust enhancement through Lightpath's acquisition of United Fiber and Data assets.
Source: Zacks Investment Research
Tue, 11 Jun 2024 09:16:23 -0400
Sentiment: Positive
Lightpath to Acquire United Fiber & Data Assets
Lightpath Will Add Geographically Diverse, High-Fiber Count Network Between New York City and Ashburn, VA, and Increase Serviceable Market in Manhattan by over 20% NEW YORK , June 10, 2024 /PRNewswire/ -- Lightpath , an all-fiber, infrastructure-based connectivity provider revolutionizing how organizations connect to their digital destinations, announced the company has signed a definitive agreement to acquire substantially all of the assets of United Fiber and Data . The transaction is subject to regulatory approvals and is expected to close in the third quarter of 2024.
Source: PRNewsWire
Mon, 10 Jun 2024 12:15:00 -0400
Sentiment: Neutral
Introducing Optimum Media
LONG ISLAND CITY, N.Y.--(BUSINESS WIRE)--Effective today, a4 Media, the advanced advertising and data business owned by Altice USA, will rebrand to Optimum Media to further unify with the company's Optimum connectivity brand while continuing to drive excellence and growth for existing and prospective advertising clients looking to effectively reach their customers. “Optimum Media is excited to align our advertising business with the Optimum connectivity brand, which we believe will help elevate.
Source: Business Wire
Mon, 03 Jun 2024 09:00:00 -0400
Sentiment: Neutral
Altice's (ATUS) Lightpath Boosts Cybersecurity With Tie-Up
By bolstering Lightpath's cybersecurity offerings, Altice (ATUS) expects to attract and retain customers who prioritize secure and dependable connectivity solutions.
Source: Zacks Investment Research
Wed, 15 May 2024 10:45:15 -0400
Sentiment: Positive
Altice Dominicana and iBASIS Renew International Voice Services Outsourcing Deal
LEXINGTON, Mass.--(BUSINESS WIRE)-- #InternetofThings--iBASIS and Altice Dominicana announce that they have renewed their successful outsourcing agreement for voice services for four years.
Source: Business Wire
Tue, 14 May 2024 08:00:00 -0400
Sentiment: Neutral
Instituions Institution %: 89.616
Last QTR Institution change: 31607199

Insiders
Insiders %: 19.131
Insiders Purchases last QTR: 38500
Insiders Sales last QTR: 46560
Insiders Net last QTR: -8060

Analyst Ratings
Target Price: 4.74
Overall Rating: 3.15
Strong Buys (5): 5
Buys (4): 0
Holds (3): 10
Sells (2): 3
Strong Sells (1): 2

Technicals
52 Week Hi: 3.82
52 Week Low: 1.745
Beta: 1.506
50 Day MA: 2.1938
200 Day MA: 2.528

Earnings / Revenue Trends
Qtr Earnings Growth YOY: -0.216
Qtr Revenue Growth YOY: -0.019
Forward PE: 6.5445
Trailing PE: 210.5

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