Will Altice's Exodus of Cable Customers Accelerate in Q4?
Altice USA (NYSE: ATUS) has experienced fewer customer losses that some of its rivals, such as Comcast (NASDAQ: CMCSA), but they've been steady nonetheless, and after raising its monthly rates for its Optimum cable TV service by $20 a month, they just might begin accelerating.
Cord-cutting has always been an ominous cloud for TV service providers, and cable operators have increasingly been handing their customers the scissors by embracing streaming services of their own, like Comcast's Peacock TV. But that may not be working, either.
Although Altice seems to be doing better than most, let's look at what investors might expect when the cable operator reports fourth-quarter results on Wednesday, Feb. 12.
Source Fool.com
