Long-Term Investors Should Consider Buying the Dips in Altice USA Inc. [ATUS] Stock

Altice USA Inc. [ATUS] shares are up more than 33.35% this year and recently increased 0.02% or $0.6 to settle at $34.67. ATUS has a short ratio of 5.54. This implies that the market is currently less bullish on the outlook for ATUS.

On 1, December 2020, Altice USA Announces Closing of Sale of 49.99% of Lightpath Fiber Enterprise Business to Morgan Stanley Infrastructure Partners. According to news published on Yahoo Finance, Altice USA (NYSE: ATUS) today announces it has closed the previously announced sale of 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners (MSIP) for an implied enterprise value of $3.2 billion. Altice USA will retain a 50.01% interest in Lightpath and maintain control of the company.

Analyst Birdseye View:

The most recent analyst activity for Altice USA Inc. [NYSE:ATUS] stock was on October 13, 2020, when it was Upgrade with an Overweight rating from Atlantic Equities, which also raised its 12-month price target on the stock to $34. On October 05, 2020, Bernstein Upgrade an Outperform rating and boosted its price target on this stock to $34. On September 15, 2020, Pivotal Research Group Reiterated a Buy rating and increased its price target from $36 to $41. On August 04, 2020, TD Securities Upgrade a Buy rating. On July 15, 2020, HSBC Securities Upgrade a Buy rating and boosted its amount on this stock to $28. On May 05, 2020, Bernstein Downgrade a Mkt perform rating and boosted its target amount on this stock to $27.

In the past 52 weeks of trading, this stock has oscillated between a low of $15.95 and a peak of $35.47. At the most recent market close, shares of Altice USA Inc. [NYSE:ATUS] were valued at $34.67.

FUNDAMENTAL ANALYSIS

Altice USA Inc. [NYSE:ATUS] most recently reported quarterly sales of 2.43 billion, which represented growth of -0.20%. This publicly-traded organization’s revenue is $912,230 per employee, while its income is $12,985 per employee. This company’s Gross Margin is currently 65.90%, its Operating Margin is 16.30%, its Pretax Margin is +1.92, and its Net Margin is +1.42. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.40, 4.50, 7.06 and 0.52 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 91.23 and the whole liability to whole assets at 70.67. It shows enduring liability to the whole principal at 90.45 and enduring liability to assets at 0.70 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 33.95 points at 1st support level, the second support level is making up to 33.84. But as of 1st resistance point, this stock is sitting at 34.22 and at 34.38 for 2nd resistance point.

Altice USA Inc. [ATUS] reported its earnings at -$0.01 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.24/share signifying the difference of -0.25 and -104.20% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.19 calling estimates for $0.15/share with the difference of 0.04 depicting the surprise of 26.70%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Altice USA Inc. [NYSE:ATUS] is 0.80. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.35. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.86, it’s amount to book ratio is 7.62 and showing 189.28 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Next Alt S.a.r.l., Director, and it was the sale of 1.0 million shares on Nov 23. Next Alt S.a.r.l., the Director, completed a sale of 3.3 million shares on Sep 03. On Sep 02, Boubazine Abdelhakim, President & COO, completed a sale of 0.5 million shares.