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Stock impact report

Altice slips as Wells Fargo cuts estimates, downgrades amid fiber competition worries [Seeking Alpha]

Charter Communications, Inc. - Class A (CHTR) 
Last charter communications, inc. - class a earnings: 5/1 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.charter.com
Company Research Source: Seeking Alpha
"We think the past few years of fiber builds are gaining steam just as [fixed wireless access] net adds slow, and fiber has always been the more enduring threat to high-speed ISPs," Cahall wrote in a note. Cahall lowered his rating to Underweight from Equal-Weight and cut his price target to $1 from $2. And despite reports of a potential acquisition from Charter Communications ( CHTR ), a merger is unlikely as Altice is a controlled company, Cahall said. "...[W]e think the market is being overly optimistic that ATUS will transact," Cahall said, adding that only a take-under deal would be accretive for Charter, even with roughly $1B in synergies. Analysts are largely cautious on Altice USA ( ATUS ). It has a SELL rating from Seeking Alpha authors , while Wall Street analysts rate it a . Conversely, Seeking Alpha's quant system, which consistently beats the market, rates ATUS a Recommended For You More Trending News Recommended For You More Trending News Show less Read more
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