Stocks of Altice USA Inc (NYSE:ATUS) traded higher last session on Wall Street, up 8.64% to $2.64.
ATUS stock price is now 16.22% away from the 50-day moving average and 19.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.32B.
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With the price target reduced from $4 to $2, UBS Downgraded its rating from Buy to Neutral for Altice USA Inc (NYSE: ATUS). On July 01, 2024, Goldman recently initiated its ‘Sell’ rating on the stock quoting a target price of $2, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Next Alt S.a.r.l., Director sold 805,227 shares of the company’s stock on Oct 31 ’24. The stock was sold for $19,728,062 at an average price of $24.50. Upon completion of the transaction, the Director now directly owns 35,640,090 shares in the company, valued at $94.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 30 ’24, Director Next Alt S.a.r.l. sold 805,227 shares of the business’s stock. A total of $19,728,062 was realized by selling the stock at an average price of $24.50. This leaves the insider owning 36,445,317 shares of the company worth $96.22 million. A total of 55.52% of the company’s stock is owned by insiders.
During the past 12 months, Altice USA Inc has had a low of $1.52 and a high of $3.66. The fifty day moving average price for ATUS is $2.2716 and a two-hundred day moving average price translates $2.21215 for the stock.
The latest earnings results from Altice USA Inc (NYSE: ATUS) was released for 2024-06-30. The company reported revenue of $2.24 billion for the quarter, compared to $2.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.59 percent.
