|Bid||25.03 x 4000|
|Ask||26.20 x 1200|
|Day's Range||25.48 - 25.88|
|52 Week Range||14.49 - 26.11|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||149.01|
|Earnings Date||Jul 31, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.28|
Altice USA (ATUS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Altice USA will host a conference call on Wednesday, July 31, 2019 at 4:30 p.m. EDT to discuss financial and operating results for the second quarter ended June 30, 2019.
NEW YORK, July 1, 2019 /PRNewswire/ -- A Delaware judge has cleared the way for New York's Dolan Family to pursue a lawsuit against Altice USA (ATUS) in a bid to save jobs and journalistic quality at News 12 Networks. Altice had filed a motion on April 22, 2019 to dismiss the case. Vice Chancellor Slights denied Altice's motion to dismiss the Dolan Family's breach of contract and promissory estoppel claims.
Altice USA, Inc. (NYSE:ATUS) saw a double-digit share price rise of over 10% in the past couple of months on the NYSE...
(Bloomberg) -- Dish Network Corp. is in talks to pay at least $6 billion for assets that T-Mobile US Inc. and Sprint Corp. are unloading to win regulatory approval for their merger, according to people familiar with the matter.Dish could announce a deal as soon as this week for assets including wireless spectrum and Sprint’s Boost Mobile brand, said the people, who asked to not be identified because the matter isn’t public. The deal hasn’t been finalized and talks could still fall through, said the people.The potential divestitures are aimed at appeasing the Justice Department, which wants T-Mobile and Sprint to sell enough assets to ensure that the U.S. maintains at least four viable wireless players.Representative for Dish and the Justice Department declined to comment. Representatives for T-Mobile and Sprint didn’t respond to requests for comment.Dish rose 1.9% to $39.74 at 1:16 p.m. in New York trading, giving the Englewood, Colorado-based company a market value of about $18.6 billion. Sprint gained about 2.3% while T-Mobile rose 1.3%.T-Mobile agreed to buy Sprint in April 2018 for $26.5 billion, betting that together the carriers can build a next-generation wireless network to better compete with industry leaders Verizon Communications Inc. and AT&T Inc.Dish, co-founded by billionaire Charlie Ergen, had been on a shortlist of bidders for T-Mobile and Sprint assets favored by the Justice Department, people familiar with the matter said this month. Charter Communications Inc. and Altice USA Inc. were also on the list.T-Mobile and Sprint have already promised to sell Boost to get approval from the Federal Communications Commission. They also have to win over the Justice Department, which is concerned about the merger reducing the number of major U.S. wireless carriers to three.The companies are negotiating with the Justice Department after nine states and the District of Columbia sued to block the deal last week on antitrust grounds.(Updates companies’ share prices in fifth paragraph; adds background in seventh.)To contact the reporters on this story: David McLaughlin in Washington at firstname.lastname@example.org;Scott Moritz in New York at email@example.com;Nabila Ahmed in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Elizabeth Fournier at email@example.com, ;Sara Forden at firstname.lastname@example.org, ;Nick Turner at email@example.com, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Shares of Kinder Morgan Inc. slipped 0.2% in premarket trade Monday, after the oil and gas pipeline operator was downgraded at Stifel Nicolaus, citing concerns over valuation. Analyst Selman Akyol cut his rating to hold, after being at buy for more than three years. He kept his stock price target at $22, which is 7.2% above Friday's closing price; Stifel defines a hold rating as a total return of -5% to +10% over the next 12 months. The stock has soared 33.5% year to date, while the S&P 500 has gained 15%. Akyol said he continues to view Kinder Morgan favorably, given its more moderate leverage, high coverage and dividend growth, but he said the valuation already reflects the positive catalysts. Kinder Morgan's dividend yield at Friday's closing price was 4.87%, which was above the SPDR Energy Select Sector's payout of 3.39% and the S&P 500's implied yield of 1.99%, according to FactSet.
Shares of Sotheby's soared 60% toward an 11-month high in premarket trading Monday, after the auction house announced a deal to be acquired by BidFair USA, which is owned by telcom and media entrepreneur and art collector Patrick Drahi, in a deal valued at $3.7 billion. Under terms of the deal, Sotheby's shareholders will receive $57 in cash for each Sotheby's stock they own, which is 61% above Friday's closing price of $35.39 and represents a market capitalization of $2.66 billion. Drahi is Chairman and controlling shareholder of Altice USA Inc. . The deal is expected to close in the fourth quarter. "This acquisition will provide Sotheby's with the opportunity to accelerate the successful program of growth initiatives of the past several years in a more flexible private environment," said Sotheby's Chief Executive Tad Smith. "It positions us very well for our future and I strongly believe that the company will be in excellent hands for decades to come with Patrick as our owner." Sotheby's stock has dropped 40% over the past 12 months through Friday, while the Dow Jones Industrial Average has gained 4%.
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.
Hedge funds and other investment firms that we track manage billions of dollars of their wealthy clients' money, and needless to say, they are painstakingly thorough when analyzing where to invest this money, as their own wealth also depends on it. Regardless of the various methods used by elite investors like David Tepper and David […]
Cheddar perfectly complements Altice's (ATUS) hyperlocal and global news offerings across digital, mobile and linear TV formats.
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
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.
Through the acquisition of ROCCAT, Turtle Beach (HEAR) aims to expand from being the leader in console gaming headsets into becoming a top gaming accessory brand for all platforms.
The tech space has been through a rough patch in the past month due to escalating U.S.-China trade tensions and likely antitrust probes. But these top-ranked stocks braved this turmoil.
Altice USA (ATUS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
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.
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 ...
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 ...
Big Media Seeking Revival: DIS, CHTR, ATUS, and VIAB(Continued from Prior Part)Product aimed at small businessesAltice USA (ATUS) recently launched a new Wi-Fi product for its business customers. The product, known as SMART WiFi, is a managed Wi-Fi