HSBC Securities raised the price target for the Altice USA Inc. (NYSE:ATUS) stock from “a Hold” to “a Buy”. The rating was released on August 06, 2021. We previously noted in another research note published on July 29, 2021 by Raymond James that downgraded the stock from a Strong buy to an Outperform with a price target of $38 for ATUS stock. The research report from TD Securities has upgraded the stock from Hold to Buy, with a price target set at $43. The stock was downgraded by BofA Securities, who disclosed in a research note on May 18, 2021, from Neutral to Underperform and set the price objective to $38. In their research brief published April 09, 2021, Citigroup analysts downgraded the Altice USA Inc. stock from Buy to Neutral with a price target of $35.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Altice USA Inc. (NYSE:ATUS) dipped -1.71% to close Thursday’s market session at $27.00, lower as compared to yesterday’s close. The stock price fluctuated between $26.485 and $27.39 throughout the trading session with the volume trading being 4370308 shares, which represented a significant variation when compared to the three months average volume of 3.61 million shares. The firm’s stock price fluctuated -6.28% within the last five trades and -20.02% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -20.19% in the last 6 months and -26.75% was subtracted to its value over the previous 3 months. ATUS stock is trading at a margin of -11.76%, -17.58% and -20.85% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ATUS deals in the Communication Services domain. The stock is trading -29.50 percent below its 52-week high and 7.66 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -12.16. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Altice USA Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 21.00 percent and the profit margin is 8.00 percent, and the company has reported a gross margin of 66.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $7.40 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Altice USA Inc. (NYSE:ATUS) is 16.91. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 11.35. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.74 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.30 percent of Altice USA Inc. shares are owned by insiders, and 62.30 percent are held by financial institutions. Olsen Michael, the EVP, Gen. Counsel & Secy at Altice USA Inc. (ATUS) has sold 3,000 shares of firm on Aug 02 at a price of $30.97 against the total amount of $92910.0. In another inside trade, Olsen Michael, EVP, Gen. Counsel & Secy of Altice USA Inc. (NYSE:ATUS) sold 3,000 shares of the firm on Jul 01 for a total worth of $0.1 million at a price of $34.22. An inside trade which took place on Jun 01, EVP, Gen. Counsel & Secy of Altice USA Inc. Olsen Michael sold 3,000 shares of firm against total price of $0.11 million at the cost of $36.19 per share.