Altice USA, Inc. (NYSE:ATUS – Get Rating) has been given an average rating of “Hold” by the twenty-four ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, twelve have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $10.89.
Several analysts have recently weighed in on ATUS shares. Morgan Stanley lowered their price objective on shares of Altice USA from $7.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday, November 4th. New Street Research downgraded shares of Altice USA from a “buy” rating to a “neutral” rating in a research report on Thursday, December 1st. JPMorgan Chase & Co. cut their price objective on shares of Altice USA from $12.00 to $7.00 and set a “neutral” rating on the stock in a report on Thursday, November 3rd. TD Securities cut their price objective on shares of Altice USA from $16.00 to $9.00 and set a “buy” rating on the stock in a report on Thursday, November 3rd. Finally, HSBC raised shares of Altice USA from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a report on Friday, November 4th.
Hedge Funds Weigh In On Altice USA
A number of large investors have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Altice USA by 12.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 886,662 shares of the company’s stock worth $8,202,000 after buying an additional 100,532 shares during the period. Oak Thistle LLC purchased a new stake in shares of Altice USA in the third quarter worth about $220,000. EMC Capital Management boosted its stake in shares of Altice USA by 50.1% in the second quarter. EMC Capital Management now owns 12,046 shares of the company’s stock worth $111,000 after buying an additional 4,023 shares during the last quarter. Ironwood Investment Counsel LLC boosted its stake in shares of Altice USA by 16.4% in the second quarter. Ironwood Investment Counsel LLC now owns 39,500 shares of the company’s stock worth $365,000 after buying an additional 5,575 shares during the last quarter. Finally, Quinn Opportunity Partners LLC boosted its stake in shares of Altice USA by 4.7% in the first quarter. Quinn Opportunity Partners LLC now owns 903,187 shares of the company’s stock worth $11,272,000 after buying an additional 40,500 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.
Altice USA Stock Down 1.9 %
Shares of Altice USA stock opened at $4.74 on Friday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 3.36, a PEG ratio of 0.46 and a beta of 1.36. Altice USA has a 12-month low of $3.68 and a 12-month high of $16.29. The firm’s 50-day moving average price is $4.52 and its two-hundred day moving average price is $7.27.
Altice USA (NYSE:ATUS – Get Rating) last issued its quarterly earnings data 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). Altice USA had a net margin of 6.52% and a negative return on equity of 119.88%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the business earned $0.58 EPS. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, sell-side analysts expect that Altice USA will post 1.02 earnings per share for the current 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 approximately five million 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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