Following these transactions, Drahi, through his holding company Next (LON:NXT) Alt S.a.r.l., maintains ownership of 13,898,952 shares of Altice USA. These sales were part of a series of transactions related to the expiration and exercise of existing capped call agreements. According to InvestingPro analysis, Altice USA currently has a market capitalization of $1.19 billion and is showing signs of being undervalued based on its Fair Value assessment. Investors can access detailed insider trading patterns and 7 additional ProTips with an InvestingPro subscription, which includes comprehensive analysis ahead of the company's next earnings report on February 12, 2025. According to InvestingPro analysis, Altice USA currently has a market capitalization of $1.19 billion and is showing signs of being undervalued based on its Fair Value assessment. Investors can access detailed insider trading patterns and 7 additional ProTips with an InvestingPro subscription, which includes comprehensive analysis ahead of the company's next earnings report on February 12, 2025.
Following these transactions, Drahi, through his holding company Next Alt S.a.r.l., maintains ownership of 13,898,952 shares of Altice USA. These sales were part of a series of transactions related to the expiration and exercise of existing capped call agreements.
In other recent news, Altice USA has been the focus of various analyst adjustments and has reported significant developments in its third-quarter earnings. Citi has maintained its Buy rating on Altice USA, emphasizing the company's potential for cost reduction and revenue growth. The firm increased the price target to $3.00, citing the company's strategic moves and focus on fiber deployment as potential drivers for success. TD Cowen also continued its Buy rating, despite reducing its price target to $3.50 due to mixed financial indicators in the company's Q3 report.
Altice USA's Q3 report revealed a focus on operational improvements and strategic growth in its fiber customer base. The company reported Q3 revenue of $2.2 billion and adjusted EBITDA of $862 million. Despite a decline in total and residential revenue, the company saw a significant increase in mobile services revenue and added 47,000 new fiber customers. Altice USA also maintains a strong liquidity position with no debt maturities until 2027.
These recent developments highlight Altice USA's commitment to enhancing customer experience and operational stability. The company aims to grow its fiber and mobile subscriber bases, aiming for over 1 million customers in each segment by 2026 and 2027, respectively. Despite the challenges, Altice USA continues to focus on operational excellence and market strategy evolution, aiming to continue its progress in the competitive telecommunications market.
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