BNP Paribas upgraded shares of Altice USA (NYSE:ATUS – Free Report) from an underperform rating to a neutral rating in a research report sent to investors on Tuesday, Marketbeat reports.
ATUS has been the subject of several other reports. Wells Fargo & Company dropped their price objective on Altice USA from $3.00 to $2.00 and set an equal weight rating for the company in a research note on Thursday, February 15th. Benchmark dropped their price objective on Altice USA from $10.00 to $5.00 and set a buy rating for the company in a research note on Friday, December 29th. Evercore ISI dropped their price objective on Altice USA from $4.00 to $3.00 and set an in-line rating for the company in a research note on Thursday, February 15th. UBS Group lowered their target price on Altice USA from $6.00 to $4.00 and set a buy rating for the company in a research note on Thursday, February 15th. Finally, HSBC lowered Altice USA from a buy rating to a reduce rating and lowered their target price for the company from $4.00 to $1.20 in a research note on Thursday, November 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $3.22.
Check Out Our Latest Research Report on Altice USA
Altice USA Price Performance
Shares of ATUS stock opened at $2.96 on Tuesday. The stock has a market cap of $1.35 billion, a P/E ratio of 24.67 and a beta of 1.33. Altice USA has a one year low of $1.75 and a one year high of $4.26. The stock has a fifty day moving average price of $2.50 and a 200 day moving average price of $2.70.
Altice USA (NYSE:ATUS – Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.33). Altice USA had a negative return on equity of 12.81% and a net margin of 0.58%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the prior year, the company earned ($0.43) earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Altice USA will post 0.26 EPS for the current year.
Hedge Funds Weigh In On Altice USA
Several institutional investors have recently modified their holdings of the business. LPL Financial LLC lifted its holdings in shares of Altice USA by 9.6% during the 2nd quarter. LPL Financial LLC now owns 20,815 shares of the company’s stock valued at $193,000 after purchasing an additional 1,830 shares in the last quarter. First Republic Investment Management Inc. lifted its holdings in shares of Altice USA by 10.2% during the 1st quarter. First Republic Investment Management Inc. now owns 21,131 shares of the company’s stock valued at $264,000 after purchasing an additional 1,953 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Altice USA by 2.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 107,242 shares of the company’s stock valued at $493,000 after purchasing an additional 2,249 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Altice USA by 798.9% during the 1st quarter. Covestor Ltd now owns 3,353 shares of the company’s stock valued at $42,000 after purchasing an additional 2,980 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Altice USA by 9.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 36,200 shares of the company’s stock valued at $452,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors own 54.59% of the company’s stock.
Altice USA Company Profile
Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers. The company’s video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.
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