Momentum Stock Watch: Altice USA, Inc. (ATUS)

Company Profile:

Altice USA (ATUS) is one of the largest broadband communications and video services providers in the United States, delivering broadband, pay television, mobile, proprietary content and advertising services to approximately 4.9 million residential and business customers across 21 states through its Optimum and Suddenlink brands. The company operates a4, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. Altice USA also offers hyper-local, national, international and business news through its News 12, Cheddar and i24NEWS networks. Altice USA, Inc. was incorporated in 2015 and is headquartered in Long Island City, New York.

Recent News:

For the third quarter ended September 30, 2019, the company reported revenue growth +0.9% YoY in Q3 2019 to $2.44 billion. Net income attributable to stockholders of $77 million in Q3 2019, or $0.12/share (from net income of $33 million in Q3 2018, or $0.04/share).

Altice’s third-quarter results reflect growth in residential and business services revenues due to increased investments in networks, products and customer experience.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

ATUS’s strengths can be seen in its strong growth and robust efficiency compared with its peers. Its revenue has increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator and MACD. The RSI stands at 43.31 with positive bias. We rate Altice USA, Inc. (ATUS) a STRONG BUY.

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