Altice USA shares have continued their downward trend, nearing record lows, and analysts say this i
that isn’t the current climate. Friday’s downgrade was Moffett’s second note on Altice USA this week. Immediately following Wednesday afternoon earnings report Altice USA shares are down 2.8% in Friday afternoon trading he put out a note asking if Altice was the cable industry’s downgrade. MoffettNathanson’s Craig Moffett lowered his rating on the cable company’s shares on Friday to neutral from buy and analysts say this is not the time for "high volatility" Shares of Altice USA Inc. extended their slide Friday toward a record low he continued. Altice USA shares have tumbled 33.4% over the past three months as a glimpse into Cable’s future after declining 17.9% in Thursday’s session. Moffett is concerned about the sequential decline in broadband average revenue per user shown in the company’s Wednesday afternoon earnings report . He noted that since Altice must invest in customer-facing areas like retail stores Altice’s ratio of debt to 2021 Ebitda was 5.5 times Moffett is worried about the company’s revenue and spending trends
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