Altice USA, Inc. (NYSE:ATUS – Get Free Report) has received a consensus recommendation of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $8.42.
ATUS has been the subject of several analyst reports. TheStreet cut Altice USA from a “c-” rating to a “d” rating in a research note on Monday, May 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of Altice USA from $4.50 to $4.75 in a research note on Friday, May 5th. Morgan Stanley reduced their target price on shares of Altice USA from $4.00 to $3.00 and set an “equal weight” rating on the stock in a report on Thursday, April 20th. Loop Capital lowered their price target on shares of Altice USA from $12.00 to $3.00 in a report on Thursday, May 4th. Finally, Pivotal Research reduced their price objective on shares of Altice USA from $4.50 to $3.00 in a report on Friday, May 5th.
Hedge Funds Weigh In On Altice USA
A number of institutional investors have recently modified their holdings of ATUS. LPL Financial LLC grew its position in Altice USA by 9.6% during the 2nd quarter. LPL Financial LLC now owns 20,815 shares of the company’s stock worth $193,000 after purchasing an additional 1,830 shares during the last quarter. First Republic Investment Management Inc. lifted its position in Altice USA by 10.2% during the 1st quarter. First Republic Investment Management Inc. now owns 21,131 shares of the company’s stock worth $264,000 after acquiring an additional 1,953 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Altice USA by 2.1% in 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 during the last quarter. Arizona State Retirement System increased its holdings in shares of Altice USA by 3.8% in the fourth quarter. Arizona State Retirement System now owns 61,023 shares of the company’s stock valued at $281,000 after purchasing an additional 2,255 shares during the period. Finally, Covestor Ltd raised its stake in shares of Altice USA by 798.9% during the first quarter. Covestor Ltd now owns 3,353 shares of the company’s stock worth $42,000 after purchasing an additional 2,980 shares during the last quarter. 56.48% of the stock is owned by institutional investors and hedge funds.
Altice USA Stock Up 6.2 %
Shares of NYSE ATUS opened at $3.40 on Wednesday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 67.41 and a beta of 1.41. Altice USA has a 52-week low of $2.01 and a 52-week high of $12.28. The business’s 50 day moving average is $2.84 and its two-hundred day moving average is $3.49.
Altice USA (NYSE:ATUS – Get Free Report) last announced its earnings results on Wednesday, May 3rd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.32 billion. Altice USA had a net margin of 0.25% and a negative return on equity of 16.96%. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. Analysts anticipate that Altice USA will post 0.31 EPS for the current fiscal year.
About Altice USA
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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