John Malone can wait out Altice's $25 bln problem [Reuters]
Altice USA, Inc. Class A (ATUS)
Last altice usa, inc. class a earnings: 2/12 04:05 pm
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Source: Reuters
NEW YORK, Feb 27 (Reuters Breakingviews) - Cable cowboy John Malone has plenty of time to deal with his European counterpart Patrick Drahi. Charter Communications (CHTR.O) , opens new tab , the $42 billion company backed by Malone's Liberty Broadband (LBRDA.O) , opens new tab , is mulling a tie-up with Drahi's Altice USA (ATUS.N) , opens new tab , Bloomberg reported , opens new tab on Monday. Together, the duo would be America's largest broadband provider, reckons Bernstein – valuable heft, especially when negotiating with entertainment providers like Walt Disney (DIS.N) , opens new tab . But the pitfalls are too numerous. Altice was an M&A machine, purchasing , opens new tab Suddenlink and Cablevision in 2015 for $9 billion and $18 billion, respectively. A decade later, the company is burdened with $25 billion of leverage, or 7 times estimated EBITDA this year according to LSEG. Its equity value of $1 billion is puny. A deal would bump up Charter's net debt ratio to nearly 5 times
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ATUS
News
- Analysts Estimate Altice USA, Inc. (ATUS) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Altice USA, Inc. (NYSE: ATUS) is now covered by analysts at Bank of America Co.. They set an "underperform" rating and a $1.50 price target on the stock.MarketBeat
- Ookla® Ranks Optimum Fiber as Fastest and Most Reliable Internet Speeds in New York and New Jersey [Yahoo! Finance]Yahoo! Finance
- Ookla® Ranks Optimum Fiber as Fastest and Most Reliable Internet Speeds in New York and New JerseyBusiness Wire
- Altice USA, Inc. (NYSE: ATUS) had its price target lowered by analysts at Loop Capital from $3.00 to $2.00. They now have a "hold" rating on the stock.MarketBeat
ATUS
Earnings
- 2/14/24 - Miss
ATUS
Sec Filings
- 4/10/24 - Form SC
- 3/20/24 - Form 4
- 3/20/24 - Form 4
- ATUS's page on the SEC website