Altice USA Faces Downgrade Amid Growing Fiber Competition Worries
Friday, 5 April 2024, 12:13
Altice USA Stock Down Following Wells Fargo Downgrade
Altice USA (ATUS) shares slipped 6.5% in premarket trading on Friday as Wells Fargo cut its estimates and downgraded the cable provider.
Key Points:
- Downgrade: Wells Fargo reduced estimates and downgraded Altice USA.
- Market Concerns: Cable provider facing challenges amid escalating competition in the fiber market.
Altice USA stock performance has been impacted by the downgrade and competitive pressures.
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