Altice USA: Credit Suisse raises target
(CercleFinance.com) - Credit Suisse has raised its target price on Altice USA from 23 dollars to 25 dollars, while maintaining an "outperform" rating on the share.
Behind this decision, the broker said it has slightly raised its operating estimates for the telecoms group and has pointed out a lower borrowing rate following the group's recent round of debt refinancing.
In a note to clients, Credit Suisse added that investors are beginning to recognise Altice's inexpensive valuation and potentially favourable investments (fiber, Altice One, Sprint MVNO launching this year).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Behind this decision, the broker said it has slightly raised its operating estimates for the telecoms group and has pointed out a lower borrowing rate following the group's recent round of debt refinancing.
In a note to clients, Credit Suisse added that investors are beginning to recognise Altice's inexpensive valuation and potentially favourable investments (fiber, Altice One, Sprint MVNO launching this year).
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.