Altice Reports Weak 3Q Revenue, but Strong Subscriber Growth; Shares Fairly Valued
Altice reported weak third-quarter revenue growth, but strong subscriber growth, which should be a positive for 2019. The firm reported revenue fell 6.3% year over year. However, this was on a pro forma basis as if Altice USA was spun off at the end of 2016 and isn’t comparable to our estimate. We expect revenue will drop 39.8% versus Altice’s reported 2017 revenue, which included Altice USA. However, SFR, the firm’s French operation, added 378,000 wireless postpaid subscribers, and 166,000 broa...Altice Europe is a provider of cable, fiber, mobile, telecommunications, content and media in Western Europe (comprising France, Portugal, Belgium, Luxembourg1 and Switzerland), the United States of America (U.S.), Israel, the Dominican Republic and the French overseas territories (comprising Guadeloupe, Martinique, French Guiana, La Reunion and Mayotte). Through its various business operations, Co. provides fixed services, mobile telephony services (other than in the U.S.) and media and advertising services to B2C and B2B customers in all of the geographies in which it operates. In addition, Co. offers a variety of wholesale and other services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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