Previous Close | 11.49 |
Open | 11.60 |
Bid | 8.50 x 800 |
Ask | 12.15 x 1100 |
Day's Range | 11.32 - 11.84 |
52 Week Range | 7.58 - 29.27 |
Volume | |
Avg. Volume | 4,530,182 |
Market Cap | 5.36B |
Beta (5Y Monthly) | 1.27 |
PE Ratio (TTM) | 6.05 |
EPS (TTM) | 1.95 |
Earnings Date | Nov 02, 2022 - Nov 07, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | Jun 07, 2018 |
1y Target Est | 15.39 |
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Altice's (ATUS) second-quarter 2022 results reflect progress on growth strategies by accelerating the network enhancement and customer experience.
Global cable giant Altice’s stock jumped around 16% and its bonds climbed after management said on an earnings call Wednesday that the company had received bids for its U.S. subsidiary Suddenlink. A 3.375% bond due in 2031 rose to 82.1 cents on the dollar from 79.50 cents before the disclosure, according to data from MarketAxess. Altice took on the bond as part of its debt-heavy deals to acquire Cablevision and Suddenlink during its U.S. expansion about seven years ago Altice’s earnings before i
Today, we are joined by Altice USA's CEO, Dexter Goei, and CFO, Mike Grau, who will take you through the presentation, and then we'll have time at the end for Q&A. As today's presentation may contain forward-looking statements, please read the disclaimer on slide two. Revenue declined 2.1% year over year, mainly driven by our residential business.