Altice USA Inc Class A
ATUS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$2.00 | Ktyhxm | Dmkc |
Altice USA Made Progress in Q1 but It Still Faces a Long Road Ahead
Altice USA showed glimmers of a rebound during the first quarter, but the firm still faces a long road ahead. We aren’t changing our $28 fair value estimate for now, though we expect the stock to remain highly volatile thanks to a heavy debt load, an ambitious investment strategy, and a management team that hasn’t executed well recently.