Altice USA Shares Drop But Brass Stays Cool: “We Are Extremely Comfortable”

Altice USA has seen its share price drop by 11% on triple its average trading volume today, reaching $22.12, well below its initial public offering price of $31.60 in June, but top executives say they are not planning any emergency measures.
“We are comfortable with the leverage that we have,” said Dennis Okhuljsen, CFO of the U.S. unit’s France-based parent company, Altice, during a conference call today with financial analysts. Despite above-average debt, which it does…

Altice USA has seen its share price drop by 11% on triple its average trading volume today, reaching $22.12, well below its initial public offering price of $31.60 in June, but top executives say they are not planning any emergency measures. "We are comfortable with the leverage that we have," said Dennis Okhuljsen, CFO of the U.S. unit's France-based parent company, Altice, during a conference call today with financial analysts. Despite above-average debt, which it does…