ATUS - Altice USA, Inc.

NYSE - NYSE Delayed Price. Currency in USD
23.80
+0.14 (+0.59%)
At close: 4:01PM EDT
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Previous Close23.66
Open23.65
Bid19.74 x 4000
Ask23.85 x 800
Day's Range23.25 - 23.99
52 Week Range14.49 - 25.15
Volume4,258,283
Avg. Volume4,457,249
Market Cap16.066B
Beta (3Y Monthly)N/A
PE Ratio (TTM)139.18
EPS (TTM)0.17
Earnings DateFeb 25, 2019 - Mar 1, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2018-06-07
1y Target Est27.64
Trade prices are not sourced from all markets
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    Telecom Stock Roundup: Altice Completes Cheddar Buyout, Ciena's Q2 Results & More

    The acquisition of Cheddar perfectly complements Altice's (ATUS) hyperlocal and global news offerings, while Ciena's (CIEN) second-quarter fiscal 2019 earnings improve year over year.

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  • Hedge Funds Have Never Been This Bullish On Altice USA, Inc. (ATUS)
    Insider Monkey5 days ago

    Hedge Funds Have Never Been This Bullish On Altice USA, Inc. (ATUS)

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  • Altice Concludes Cheddar Buyout to Extend News Footprint
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    Altice Concludes Cheddar Buyout to Extend News Footprint

    Cheddar perfectly complements Altice's (ATUS) hyperlocal and global news offerings across digital, mobile and linear TV formats.

  • Business Wire9 days ago

    Altice USA Statement on Transactions by BC Partners and Canada Pension Plan Investment Board

    Altice USA  today makes the following statement following the sale of a portion of Altice USA shares by funds advised by BC Partners and Canada Pension Plan Investment B

  • Business Wire10 days ago

    Altice USA Completes Acquisition of Cheddar

    Altice USA , one of the largest broadband communications and video services providers in the U.S., today announces that it has closed the previously announced acquisition of Cheddar, the digital-first news company.

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  • With This Merger Likely to Drag on, Sprint Stock Is Way Too Speculative
    InvestorPlace16 days ago

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    Since early 2017, Sprint (NYSE:S) stock has been on a downward trajectory. The price has gone from $9.25 to $6.90. But recently, the Sprint stock price has gotten a lift. Apparently, the prospects look more promising that its $26 billion merger with rival T-Mobile (NASDAQ:TMUS) will get done.Source: Shutterstock Keep in mind that the Chairman of the Federal Communications Commission, Ajit Pai, has recently indicated his support. This was then backed up from FCC Commissioner Brendan Carr. For approval, there needs to be three votes.All this has come after Sprint and T-Mobile have agreed to some important concessions, which include the following:InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Sprint will maintain its wireless distribution deal with cable provider, Altice USA (NYSE:ATUS). * The companies would commit to having their 5G network cover 85% of rural America in three years and 90% within six years. There would also be broadband access -- at a minimum of 100 megabits per second -- for 90% of Americans. * There will be the sale of the Boost Mobile business, which is focused on prepaid customers (there are about seven million). This is critical since T-Mobile already has a strong position in this market. * 7 Stocks to Sell Amid an Escalating Trade War * Sprint and the DOJWhile the approval of the FTC would be very good news for Sprint stock, and it does look likely, there is another hurdle. The Department of Justice will also need to approve the deal and this may prove to be much tougher. There are already indications that the DOJ is skeptical about the deal, as it could lead to higher prices.It's important to note that the FTC and DOJ have different roles when it comes to dealing with mergers. For the FTC, it has the authority to look beyond market impacts, such as how the transaction could lead to higher quality offerings or broader access. The DOJ, on the other hand, is more focused on the adverse impact on consumers. For the most part, it's about classic antitrust analysis.With the merger of TMUS and Sprint, there will only be three key wireless players remaining in the US, which will include Verizon (NYSE:VZ) and AT&T (NYSE:T). This reduced competition could easily lead to higher prices and fees as well as less innovation. For example, back in 2011 the DOJ blocked AT&T's attempted acquisition of T-Mobile because of concerns of lower competition in the U.S. market. Bottom Line on Sprint StockThe final determination of the TMUS-S merger should come soon - say within a month or so. But it does look like a toss-up. The fact is that investing based on regulatory outcomes can be dicey, especially for highly concentrated industries.The problem for Sprint stock is that the company really needs this deal to happen. It has a massive debt load of to $35.36 billion; the market share is a lowly No. 4, and there will likely be a need to raise substantial amounts of capital for the 5G buildout.As for the merger, the potential upside is about $8 for Sprint stock or a 16% increase from current levels (this is based on the stock-for-stock exchange ratio of .01056). This is fairly decent but really does not seem like enough to account for the risks that the deal will implode.Now it's true that there still may ultimately be a deal, say with a company like Amazon.com (NASDAQ:AMZN) or Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG). But these companies would probably be more interested in the spectrum assets - not other parts of the business. And this would not lead to much of a boost in the valuation.In other words, it's probably best to stay away from Sprint stock for now.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Sell Amid an Escalating Trade War * 5 REITs to Buy While They're Dirt Cheap * The Only 3 Marijuana Stocks You Need to Own Compare Brokers The post With This Merger Likely to Drag on, Sprint Stock Is Way Too Speculative appeared first on InvestorPlace.

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  • Reuters18 days ago

    PRESS DIGEST- Wall Street Journal - May 29

    The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Altice USA Inc is preparing to launch a mobile service likely ...

  • Another cable provider will offer wireless service
    American City Business Journals19 days ago

    Another cable provider will offer wireless service

    Altice will follow in footsteps of Comcast, Charter and offer a mobile plan as way to retain customers.

  • Benzinga19 days ago

    Altice Takes On Verizon, AT&T In Cellular Space

    U.S.-based cable television provider Altice USA Inc (NYSE: ATUS ) is preparing a launch into the mobile space by undercutting industry titans like Verizon Communications Inc. (NYSE: VZ ), according to ...

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  • Why We’re Not Keen On Altice USA, Inc.’s (NYSE:ATUS) 5.8% Return On Capital
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