Altice USA Inc Cl A (ATUS) is trading -8% lower at $9.67 today.
- Altice USA is rebranding its Suddenlink offering to Optimum, unifying its cable footprint under one brand
- Company could be looking to sell its subsidiary
- Option volume for ATUS has increased recently
Altice USA Inc Cl A has been trading between a 52-week high of $31.29 and a 52-week low of $7.58. The stock has a market cap of $1.78 Billion.
Altice USA is one of the largest broadband communications and video services providers in the United States, delivering broadband, video, mobile, proprietary content and advertising services to more than 5 million residential and business customers across 21 states through its Optimum and Suddenlink brands. The company operates a4, an advanced advertising and data business, which provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. Altice USA also offers hyper-local, national, international and business news through its News 12, Cheddar and i24NEWS networks.
Headlines
Cableco Altice USA rebrands Suddenlink as Optimum, unifying its brand
Seeking Alpha 08-01-22
Altice USA: Suddenlink''s Sale Valuation Too High (NYSE:ATUS)
Seeking Alpha 07-25-22
Altice USA gains again, as analysts debate what Suddenlink sale could draw (NYSE:ATUS)
Seeking Alpha 07-22-22
Altice USA option volume increases, IV at 95
Investing.com 07-22-22
Altice USA Considers Selling Suddenlink for Up to $20 Billion - BNN Bloomberg
BNN Bloomberg 07-21-22