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Wednesday, February 8, 2023

It’s Not Over Yet For Altice USA Inc. (NYSE: ATUS)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Altice USA Inc. (ATUS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.11, or 2.29%, to $4.91. The Altice USA Inc. has recorded 69,810 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Altice USA Announces Successful Pricing of New Term Loan.

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Stocks Info

Altice USA Inc. is listed on the NYSE as a member of the Communication Services sector and is a part of the Telecom Services industry. At the end of the last regular session, the stock closed at $4.80 and fluctuated between $4.8500 as its day high and $4.5850 as its day low. The current market capitalization of Altice USA Inc. is $2.18B. A total of 3.67 million shares were traded on the day, compared to an average of 6.92M shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, ATUS has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 1,724,138 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 1 SELLs from insiders. Insiders purchased 3,625,221 shares during that period but sold 31,560.

In the most recent transaction, Stewart Charles sold 31,560 shares of ATUS for 9.99 per share on Sep 13. After the transaction, the Director now owns 1,323,925 company shares.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. ATUS’s most recent ex-dividend date was 6/7/2018 when it declared a $2.0350 quarterly dividend that was paid in cash on 6/6/2018.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for ATUS in the last 3 months, the mean price target is $7.93 with high estimates of $31.00 and low estimates of $3.50. In terms of 52-week highs and lows, ATUS has a high of $17.23 and a low of $3.68.

As of this writing, ATUS has an earnings estimate of $0.35 per share for the current quarter. EPS was calculated based on a consensus of 19 estimates, with a high estimate of $0.48 per share and a lower estimate of $0.27. The company reported an EPS of $0.43 in the last quarter, which was 38.70% higher than expectations of $0.31.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 26 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ATUS is Sell with a score of 3.50. A total of 9 analysts rated the stock as Buy while 0 rated it as Overweight while 16 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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