Analysts on Wall Street Lower Ratings for These 5 Stocks

In this article, we discuss the 5 stocks receiving downgrades from analysts. If you want to see more such stocks on the list, go directly to Analysts on Wall Street Lower Ratings for These 10 Stocks.

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

Price Reaction after the Downgrade: -0.1250 (-5.1440%) 

On April 9, BNP Paribas analyst Kohulan Paramaguru made a significant adjustment to Altice USA, Inc. (NYSE:ATUS), downgrading the stock from a “neutral” rating to an “underperform” rating, with a revised price target of $1.00. This downgrade prompted a notable price reaction, with Altice USA shares declining by 5.1440% as of midday on April 10. Altice USA, Inc. (NYSE:ATUS), together with its subsidiaries, operates as a provider of broadband communications and video services across the United States, Canada, Puerto Rico, and the Virgin Islands. Its offerings encompass broadband, video, telephony, and mobile services, catering to both residential and business customers. The company’s video services encompass a wide array of offerings, including broadcast stations, cable networks, over-the-top services, video-on-demand, high-definition channels, digital video recorder, pay-per-view services, and mobile application-based video programming platforms. The latest earnings results for Altice USA, Inc. (NYSE:ATUS) were released on Wednesday, February 14. The company reported an earnings per share of -$0.26 for the quarter, falling short of analysts’ consensus estimates of $0.07 by a substantial margin of -$0.33. Altice USA, Inc. (NYSE:ATUS) also exhibited a negative return on equity of 12.81% and a net margin of 0.58%. Despite generating revenue of $2.30 billion during the quarter, slightly surpassing analyst estimates of $2.29 billion, the company experienced a 2.9% decline in revenue compared to the same quarter in the previous year. The decision by BNP Paribas to downgrade Altice USA to an “underperform” rating reflects a cautious outlook on the company’s performance. With the adjusted price target of $1.00, investors may reevaluate their positions in light of the revised assessment, considering the company’s recent financial results and the analyst’s revised expectations for its future trajectory.