Altice USA Inc Class A
ATUS: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$8.00 | Bynmspj | Kpmg |
Altice USA Earnings: Growth Disappoints as Turnaround Efforts Take a Step Back
Altice USA reported disappointing second-quarter results. We've trimmed our expectations for 2024 while leaving our longer-term forecast largely unchanged, cutting our fair value estimate to $5 from $7. We reiterate that the firm's extremely high debt load leaves little room for error and that small changes in our assumptions yield big swings in our fair value estimate.