Altice USA (NYSE:ATUS – Get Rating) had its price objective boosted by equities research analysts at Deutsche Bank Aktiengesellschaft from $4.50 to $4.75 in a research note issued to investors on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 67.84% from the company’s previous close.
Several other research firms have also weighed in on ATUS. Morgan Stanley cut 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 reduced their target price on Altice USA from $12.00 to $3.00 in a report on Thursday. The Goldman Sachs Group lowered Altice USA from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $7.00 to $5.00 in a research report on Tuesday, January 10th. TD Securities dropped their target price on shares of Altice USA from $6.00 to $4.75 and set a “hold” rating on the stock in a report on Thursday, February 23rd. Finally, Pivotal Research reduced their price target on shares of Altice USA from $4.50 to $3.00 in a report on Friday. One research 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. According to MarketBeat, Altice USA currently has a consensus rating of “Hold” and an average price target of $8.42.
Altice USA Trading Up 2.2 %
Shares of NYSE:ATUS traded up $0.06 during midday trading on Friday, hitting $2.83. The company had a trading volume of 1,054,131 shares, compared to its average volume of 4,287,225. Altice USA has a 12 month low of $2.63 and a 12 month high of $13.17. The firm has a fifty day simple moving average of $3.35 and a 200 day simple moving average of $4.27. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 1.06 and a beta of 1.37.
Altice USA (NYSE:ATUS – Get Rating) last issued its earnings results on Wednesday, May 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Altice USA had a negative return on equity of 17.57% and a net margin of 0.25%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 earnings per share. Equities analysts forecast that Altice USA will post 0.2 EPS for the current fiscal year.
Institutional Investors Weigh In On Altice USA
Several large investors have recently made changes to their positions in ATUS. Wipfli Financial Advisors LLC bought a new stake in Altice USA during the third quarter worth $27,000. CWM LLC increased its position in Altice USA by 150.9% during the third quarter. CWM LLC now owns 5,462 shares of the company’s stock worth $32,000 after buying an additional 3,285 shares during the last quarter. Covestor Ltd raised its stake in 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 during the period. Diversified Trust Co bought a new position in shares of Altice USA during the 4th quarter worth approximately $48,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Altice USA in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 57.41% of the company’s stock.
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.
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