10 Best American Penny Stocks to Buy Now

2. Altice USA, Inc. (NYSE:ATUS)

Stock price as of May 6th: $2.65

Number of Hedge Fund Holders: 38

Altice USA, Inc. (NYSE:ATUS) delivers internet, television, mobile, and voice services to more than 4.6 million residential and business customers in the US. The company also operates Optimum Media, offering audience-based, multiscreen advertising solutions to local, regional, and national businesses. The ATUS has built a decent national scale, with a presence in 21 states.

The year 2024 was transformative for Altice USA, Inc. (NYSE:ATUS), with the company achieving significant milestones in fiber deployment, reaching 3 million fiber passings and surpassing 538,000 fiber customers. The company recorded its best quarter for fiber net additions with 57,000, and achieved impressive mobile growth with 40,000 line net additions, marking the best mobile performance in five years. Despite these achievements, broadband subscriber net losses were 39,000 in Q4, affected by hurricane impacts in North Carolina and various pilot programs. Revenue performance showed mixed results, with total revenue of $9 billion declining 3.1% YoY, though this represented an improvement from prior year declines.

Altice USA, Inc. (NYSE:ATUS) is implementing a strategic network roadmap that includes fiber expansion and multi-gig rollout across its footprint through network innovations and disciplined investments. For 2025, the company expects to stabilize adjusted EBITDA and enhance capital efficiency, targeting approximately $1.3 billion in capital expenditure. The company’s new pricing approach is expected to deliver up to an incremental $100 million in revenue in 2025, while operational efficiencies are projected to moderate other operating expenses by 4% to 6% by the end of 2026. Additionally, the company maintained positive free cash flow growth of 23% YoY to $149 million in 2024, despite increased cash interest costs. ATUS transformation and commitment already bring improvements in financial performance and future guidance, which makes it one of the best American stocks to buy on our list.