Is Altice Usa Inc Class A (NYSE:ATUS)’s Fuel Running Low? Reports Show More Sellers

April 17, 2018 - By Vivian Currie

The stock of Altice Usa Inc Class A (NYSE:ATUS) registered an increase of 14.93% in short interest. ATUS’s total short interest was 25.11 million shares in April as published by FINRA. Its up 14.93% from 21.85M shares, reported previously. With 2.00 million shares average volume, it will take short sellers 13 days to cover their ATUS’s short positions. The short interest to Altice Usa Inc Class A’s float is 21.32%.

The stock increased 0.66% or $0.13 during the last trading session, reaching $19.95. About 1.76 million shares traded. Altice USA, Inc. (NYSE:ATUS) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Altice USA, Inc., together with its subsidiaries, provides broadband communications and video services in the United States. The company has market cap of $14.71 billion. The firm operates in two divisions, Cablevision and Cequel. It has a 9.15 P/E ratio. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

Altice USA, Inc. (NYSE:ATUS) Ratings Coverage

Among 4 analysts covering Altice USA (NYSE:ATUS), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Altice USA had 4 analyst reports since November 7, 2017 according to SRatingsIntel. On Friday, November 10 the stock rating was upgraded by Moffett Nathanson to “Buy”. The stock of Altice USA, Inc. (NYSE:ATUS) has “Outperform” rating given on Tuesday, November 14 by RBC Capital Markets. The firm has “Buy” rating by Goldman Sachs given on Tuesday, November 7. The firm earned “Buy” rating on Wednesday, December 6 by Pivotal Research.

Altice USA, Inc. (NYSE:ATUS) Ratings Chart

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