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Altice USA: Credit Suisse maintains 'outperform'

(CercleFinance.com) - Credit Suisse maintains its "outperform" rating on Altice USA, with a target price of 30 dollars, after the US cable operator launched a "key growth driver" on the mobile market.

Yesterday Altice USA announced its mobile package, which offers customers unlimited talk, text, and data for 20 dollars per line.

"We see wireless as a key growth driver for Altice, along with fiber and Altice One, and expect this price point to lead to many more mobile subscribers than expected", Credit Suisse writes in a note.

The broker adds that the stock remains a "top pick."

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