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Altice USA Inc Class A ATUS Stock Quote

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Morningstar‘s Stock Analysis ATUS

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Is it the right time to buy or sell?

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Economic Moat

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An Asset Sale or Restructuring Could Unlock Significant Value for Altice USA

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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Key Statistics ATUS

Company Profile ATUS

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
Industry Telecom Services
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 9,000

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