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Altice USA Inc Class A - Stock Quote ATUS

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Morningstar's Altice USA Inc Class A Stock Analysis

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Altice USA Holds Solid Assets but a Heavy Debt Load and Ambitious Investment Plan Create Uncertainty

Business Strategy and Outlook

| Michael Hodel, CFA |

Altice USA has struggled to maintain revenue growth recently--more than cable peers Comcast and Charter--as it battles stiff competition from Verizon in the New York market. The firm has broken from its peers with plans to aggressively upgrade its networks with fiber rather than rely on traditional cable network technology. This strategy will sharply curtail free cash flow over the next few years. Still, we expect the firm’s networks will remain vital pieces of infrastructure that will generate strong, albeit slow growing, cash flow over the long term.

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Altice USA Inc Class A's Company Profile

Business Description

Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink’s networks provided television, internet access, and phone services to roughly 3.5 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provided comparable services to about 5.5 million homes and business in the New York City metro area. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local 24-hour news networks in New York, i24News, a news operation focused on the Middle East and Israel, and Cheddar, a news upstart.

Contact
1 Court Square West, Long Island City
New York, NY, 11101
T +1 516 803-2300
Sector Communication Services
Industry Telecom Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 9,000

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