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Altice USA (ATUS) Looks Good: Stock Adds 9.6% in Session

Zacks

Altice USA, Inc. ATUS was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 21.1% in the past one-month time frame.

The move came after Altice USA’s European parent company revealed its plans to spin off its controlling stake in the U.S. unit.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Altice USA currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.


A better-ranked stock in the Communication – Components industry is SeaChange International, Inc. SEAC, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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