Investing.com -- Raymond James upgraded Altice USA to "Outperform" from "Market Perform" saying the cable operator's ongoing operational improvements could yield visible results by the second half of next year. The brokerage set a $3.50 price target on confidence in management’s strategic changes.
Raymond (NSE:RYMD) James noted that Altice has been implementing long-overdue organizational and operational shifts, with initiatives aimed at improving customer care, marketing strategies, and outreach to low-income consumers. The firm expects these efforts to slow subscriber losses and bring growth more in line with industry peers.
“We believe the visibility on those changes, along with new initiatives this year, can show tangible results in the next 18 months,” analyst said.
The brokerage values Altice at approximately 8x estimated 2025 enterprise value-to-EBITDA (EV/EBITDA), a premium to the broader cable sector, citing the company’s network upgrades and leadership changes as key drivers of future performance.
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