Currently trading at around $2.50 a share, a tiny fraction of its peak $37.80 share price back in early December 2020, Altice USA is, in the words of equity analyst Craig Moffett, “taking its medicine.”
After years of operational cuts and consumer price increases, the Long Island cable operator, under the direction of recently appointed CEO Dennis Mathew, has instituted fairly massive price decreases across its fiber-to-the-home and cable broadband product lines.
