Professional
Added to YB: 2024-02-20
Pitch date: 2024-02-15
ATUS [bullish]
Optimum Communications, Inc.
-10%
current return
Author Info
No bio for this author
Company Info
Optimum Communications, Inc., together with its subsidiaries, provides broadband communications and video services under the Optimum brand in the United States, Canada, Puerto Rico, and the Virgin Islands.
Market Cap
$835.9M
Pitch Price
$2.10
Price Target
9.00 (+376%)
Dividend
N/A
EV/EBITDA
7.99
P/E
-0.45
EV/Sales
3.05
Sector
Media
Category
turnaround
Altice USA, Inc.: Continued Progress in a Challenging Environment for Growth
ATUS Q4: Broadband losses worsen to 28K vs 9K YoY, rev -2.8%. 5x debt/EBITDA narrows error margin despite likeable assets & efficiency gains (EBITDA margin +2pts to 38.4%). Investing in fiber to match VZ in competitive NY mkt (60% of biz). FCF to $122M on rising interest costs. $9 PT. Key risks: Debt load, fiber upgrades, wireless competition.
Read full article (9 min)