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Fly News Breaks for December 4, 2018
CHTR, ATUS
Dec 4, 2018 | 08:07 EDT
"Rarely have we seen such a stark dichotomy between EBITDA growth and a falling stock price," Citi analyst Jason Bazinet tells investors in a research note on Altice USA (ATUS) titled "Getting to the Bottom of Altice's Woes." The analyst points out that if Altice commanded Charter Communications' (CHTR) 2020 levered free cash flow multiple of 15 times, the stock would be worth $29 per share, of 65% upside from current levels. Bazinet keeps a Buy rating on Altice USA with a $26 price target.
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CHTR, ATUS
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