Altice USA, Inc. operates as a cable operator that provides telecommunications, media, and entertainment services in the United States. The company offers digital cable television, high-speed Internet, and voice services to residential and business customers. The company was founded in 1973 and is based in Bethpage, New York.
ATUS Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Altice USA Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Altice USA Inc ranked in the 66th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Altice USA Inc, consider:
37% of the company's capital comes from equity, which is greater than just 18.25% of stocks in our cash flow based forecasting set.
As a business, Altice USA Inc experienced a tax rate of about 6% over the past twelve months; relative to its sector (Communication Services), this tax rate is higher than just 17.7% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
RBBN, CHU, CEL, T, and PTNR can be thought of as valuation peers to ATUS, in the sense that they are in the Communication Services sector and have a similar price forecast based on DCF valuation.
Altice USA (ATUS) is up 2.9% following a raised price target at Pivotal Research. Pivotal reiterated its Buy rating and boosted its target to $41 from $36 (implying 51% further upside). It's increasing revenue/EBITDA growth rates for the second half, though also increasing net video sub losses. The firm also...
Altice USA (ATUS) and Rogers Communications (RCI) have responded to Cogeco's (CGECF) rejection of the proposal to buy Cogeco and Cogeco Communications (CGEAF), in order to split its U.S. and Canadian assets. “We strongly believe that we presented a very attractive offer – one that would reward all Cogeco shareholders...
Altice USA Inc. has made an offer worth $10.3 billion to buy Cogeco Inc. and Cogeco Communications Inc. and struck a side agreement to sell the companies' Canadian assets to Rogers Communications Inc. for $4.9 billion.