Altice USA Inc. (NYSE:ATUS) does about 5.66M shares in volume on a normal day but saw 4242512 shares change hands in Tuesday trading. The company now has a market cap of 15.98B USD and an enterprise value of about $40.48B. Its current market price is $27.67, marking an increase of 0.33% compared to the previous close of $27.58. The 52 week high reached by this stock is $31.78 whilst the lowest price level in 52 weeks is $15.95. The script in recent trading has seen the stock touch a high of $27.77 and a low of $27.475.
Altice USA Inc. (ATUS) has a 20-day trading average at $27.23 and the current price is -12.93% off the 52-week high compared with 73.43% distance from its 52-week low. The 50-day simple moving average of the closing price is $25.42 and its 200-day simple moving average is $25.56. If we look at the stock’s price movements over the week, volatility stands at 1.94%, which increases to 2.19% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.60 to suggest the stock is neutral.
The consensus objective for the share price is $34.74, suggesting that the stock has a potential upside of 20.35% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 04, 2020 when TD Securities upgraded the stock to “Buy” and issued a price target of . HSBC Securities also upgraded the stock to “Buy” from Hold on July 15, 2020 at a price target of $28. Bernstein downgraded its price target at $27.
The current price level is 1.55%, 9.15%, and 8.28% away from its SMA20, SMA50, and SMA200 respectively, with the ATUS price moving above the 50-day SMA on September 01. Altice USA Inc. (ATUS) stock is up 4.42% over the week and 1.50% over the past month. Its price is 1.21% year-to-date and -3.42% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of $0.19 above consensus estimates by $0.04. ATUS’s earnings per share are forecast to grow by 223.80% this year and 86.80% over next year. Expected sales for next quarter are $2.53 billion, which analysts say will come at $9.93 billion for the current fiscal year and next year at $10.21 billion. In addition, estimates put the company’s current quarterly revenue at an average of $2.48 billion.
To reach the target analysts have set, the stock logically needs to grow 20.35 percent from here.
Outstanding shares total 587.59M with insiders holding 22.30% of the shares and institutional holders owning 90.07% of the company’s common stock. The company has a return on investment of 5.70% and return on equity of 10.00%. The price to earnings ratio (P/E ratio) amounts to 90.13 while the forward price to earnings ratio is 21.91. Price to book ratio is 13.97 and price to sales ratio is 1.62.
According to a U.S. Securities and Exchange Commission filing, Canada Pension Plan has reduced its position in Altice USA Inc. (ATUS) to 28,888,000 shares, mirroring a recent drop by -31.65%. Canada Pension Plan dumped -13.38 million shares of Altice USA Inc. common stock bringing its total worth to about $779.69 million at the end of recent close, SEC documents show. Canada Pension Plan isn’t the only investment manager who changed stakes and is followed by American Funds Capital World Grow, which sold off 0.0 shares to end up with 12,286,816 shares worth $331.62 million. Vanguard Total Stock Market Index cut their holdings by -0.42% in the company over the course of the most recent quarter. It now holds a 1.39% position in Altice USA Inc. thanks to 8.03 million shares amounting to $216.77 million.