Shares of Altice USA, Inc. (NYSE:ATUS – Get Rating) have received a consensus recommendation of “Hold” from the twenty-four analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $10.66.
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A number of equities analysts have issued reports on the company. Royal Bank of Canada lowered their target price on Altice USA from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday, November 3rd. Pivotal Research cut Altice USA from a “buy” rating to a “hold” rating and decreased their price objective for the company from $15.00 to $5.00 in a report on Thursday, November 3rd. Cowen decreased their price objective on Altice USA from $39.00 to $31.00 in a report on Thursday, November 3rd. TD Securities cut Altice USA from a “buy” rating to a “hold” rating and decreased their price objective for the company from $9.00 to $6.00 in a report on Monday, January 23rd. Finally, Cowen decreased their price objective on Altice USA from $39.00 to $31.00 in a report on Thursday, November 3rd.
Institutional Investors Weigh In On Altice USA
Several hedge funds have recently bought and sold shares of ATUS. Castleview Partners LLC raised its position in shares of Altice USA by 825.0% in the second quarter. Castleview Partners LLC now owns 1,850 shares of the company’s stock valued at $200,000 after buying an additional 1,650 shares in the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of Altice USA by 69.5% in the second quarter. Deseret Mutual Benefit Administrators now owns 2,841 shares of the company’s stock valued at $26,000 after buying an additional 1,165 shares in the last quarter. Covestor Ltd raised its position in shares of Altice USA by 798.9% in the first quarter. Covestor Ltd now owns 3,353 shares of the company’s stock valued at $42,000 after buying an additional 2,980 shares in the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Altice USA in the third quarter valued at approximately $27,000. Finally, CWM LLC raised its position in Altice USA by 150.9% during the third quarter. CWM LLC now owns 5,462 shares of the company’s stock valued at $32,000 after purchasing an additional 3,285 shares in the last quarter. 57.41% of the stock is currently owned by institutional investors and hedge funds.
Altice USA Trading Up 3.4 %
Shares of Altice USA stock opened at $4.90 on Wednesday. The stock’s fifty day simple moving average is $4.46 and its 200 day simple moving average is $6.74. The company has a market capitalization of $2.23 billion, a PE ratio of 3.48, a PEG ratio of 0.51 and a beta of 1.35. Altice USA has a 12 month low of $3.68 and a 12 month high of $15.36.
Altice USA (NYSE:ATUS – Get Rating) last released its earnings results on Wednesday, November 2nd. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.15). The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.45 billion. Altice USA had a negative return on equity of 119.88% and a net margin of 6.52%. Altice USA’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.58 EPS. Analysts predict that Altice USA will post 1.02 EPS for the current fiscal year.
Altice USA Company Profile
Altice USA, Inc engages in the provision of broadband, pay television, telephony services, proprietary content, and advertising services. Its brands include Optimum, Suddenlink, Optimum Mobile, Altice Business, News 12 Networks, Cheddar News, a4 Advertising, and i24 News. The company was founded by Patrick Drahi in 2001 and is headquartered in Long Island City, NY.
Further Reading
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