Altice USA Rallies for Second Straight Day as Billionaire Niel Eyes Altice Portugal

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Shares of Altice ($NYSE:ATUS) USA, the American arm of the European telecommunications company, rallied for a second consecutive day on news that billionaire Patrick Niel is reportedly considering a bid for Altice Portugal. The company is committed to providing high-quality, innovative products and services to customers and is backed by an extensive fiber-optic network. Patrick Niel, the French telecoms mogul, is known for his aggressive approach to acquisitions. Reports indicate that he is now considering a bid for Altice Portugal, the Portuguese arm of the global telecommunications company. This news has provided some support to Altice USA shares, which have seen a steady rise over the past two days.

Altice USA has seen a steady improvement in its financial performance over the last several quarters, primarily driven by strong customer growth. The company also recently announced a partnership with Amazon Prime Video to bring its streaming service to Altice USA customers. This news, along with the potential buyout of Altice Portugal by Niel, has provided renewed optimism among investors in the stock.

Price History

Altice USA had an impressive rally on Thursday, with its stock opening at $3.2 and closing at the same price, a 6.6% increase from the previous closing price of $3.0. This is the second consecutive day of gains for the company, which could be attributed to a move by billionaire Patrick Drahi, who is Chairman of ALTICE USA. He has publicly expressed an interest in acquiring his old company Altice Portugal, raising optimism for ALTICE USA’s future prospects. The move has investors feeling positive about the current state of the company and its prospects for the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Altice Usa. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Altice Usa. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Altice Usa. More…

Key Ratios Snapshot

Some of the financial key ratios for Altice Usa are shown below. More…

Analysis

At GoodWhale, we analyzed ALTICE USA‘s financials and our Star Chart gave it an intermediate health score of 6/10. This means that the company may be able to pay off debt and fund future operations. ALTICE USA shows a good performance in profitability, yet weak on asset, dividend, and growth. According to our analysis, ALTICE USA is classified as an ‘elephant’, which is a company that is rich in assets after deducting off liabilities. Investors who are interested in a well-established, large-market value company may be interested in ALTICE USA. These investors may find it attractive that the company has had a long-term track record of profitability and that it might be able to pay off debt in order to fund future operations. Additionally, the ‘elephant’ classification of ALTICE USA gives investors assurance that its assets are not heavily weighed down by liabilities. More…

Peers

In the telecommunications industry, there is intense competition between Altice USA Inc and its major competitors: Charter Communications Inc, Comcast Corp, and Verizon Communications Inc. All four companies offer similar products and services, so they must differentiate themselves in order to attract and retain customers. Price is often a major factor in deciding which company to choose. In addition to price, customers also consider factors such as customer service, coverage, and speed when making their decision.

– Charter Communications Inc ($NASDAQ:CHTR)

Charter Communications Inc is a leading American telecommunications and mass media company with a market cap of 58.28B as of 2022. The company operates in four segments: residential, small and medium business, enterprise, and advertising sales. It offers a range of services, including broadband internet, video, and voice services, as well as digital advertising solutions. The company has a strong focus on delivering value to shareholders, with a return on equity of 80.45%.

– Comcast Corp ($NASDAQ:CMCSA)

Comcast Corporation is an American telecommunications conglomerate that provides cable television, internet, telephone, and wireless services to consumer under the Xfinity brand. It is the second-largest broadcasting and cable television company in the world by revenue and the largest pay-TV company, the largest cable TV company and largest home Internet service provider in the United States, and the nation’s third-largest home telephone service provider. Comcast has a market cap of 149.16B as of 2022 and a Return on Equity of 9.26%. The company provides services to over 26 million customers in 40 states and the District of Columbia.

– Verizon Communications Inc ($NYSE:VZ)

Verizon Communications Inc is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company has a market cap of 161.9B as of 2022 and a Return on Equity of 20.79%. Verizon was formed in 2000 by the merger of Bell Atlantic and GTE. It is one of the largest telecommunications companies in the world, with 144 million customers as of 2019. The company operates in four segments: Wireless, Residential, Business, and Verizon Media Group. Verizon Wireless is the largest wireless carrier in the United States with 151 million subscribers as of 2019. Verizon Residential provides FiOS Internet, TV, and digital voice services to residential customers in the United States. Verizon Business provides voice, data, and Internet services to businesses and government agencies. Verizon Media Group is a media and technology company that operates AOL, Yahoo!, HuffPost, TechCrunch, and other brands.

Summary

Investing in Altice USA can be a solid option for investors as the stock price has seen an increase following a report that billionaire Patrick Drahi is looking into acquiring Altice Portugal. The market reacted positively to the news, with the stock rising for the second consecutive day. The company has strong fundamentals, with a healthy balance sheet and low debt-to-equity ratio. The company’s financial performance has been trending upwards, with rising revenue and earnings per share.

This indicates that Altice USA is in a strong market position and could be a profitable investment. With the acquisition of Altice Portugal, Altice USA may be in an even better position to capitalize on opportunities for growth in the industry.