Altice USA assumed with a Sell at Goldman Sachs

Goldman Sachs analyst Michael Ng assumed coverage of Altice USA (ATUS) with a Sell rating and $2 price target The firm assumed assumed coverage of eight stocks in U.S. telecom and cable, saying 2026 will likely be a pivotal year for the sectors amid heightened competition in consumer connectivity services. Goldman is seeing more competitive activity through wireless and wireline bundling as well as price-value offerings. It believes investments in network modernization, spectrum, and brand will help drive the most attractive financial returns.