Altice USA, Inc. (NYSE:ATUS) Given Average Rating of “Reduce” by Brokerages

Altice USA, Inc. (NYSE:ATUS) has earned an average rating of “Reduce” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $2.15.

Several equities analysts have issued reports on the company. Citigroup boosted their target price on Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Raymond James upgraded Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 target price on the stock in a research report on Tuesday, February 18th.

Institutional Investors Weigh In On Altice USA

A number of institutional investors and hedge funds have recently bought and sold shares of ATUS. LPL Financial LLC purchased a new stake in Altice USA in the 4th quarter valued at approximately $25,000. Quadrature Capital Ltd purchased a new stake in Altice USA in the 3rd quarter valued at approximately $27,000. Raymond James Financial Inc. purchased a new stake in Altice USA in the 4th quarter valued at approximately $30,000. D.A. Davidson & CO. purchased a new stake in Altice USA in the 3rd quarter valued at approximately $32,000. Finally, Wolverine Trading LLC purchased a new stake in Altice USA in the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 54.85% of the company’s stock.

Altice USA Trading Up 0.1 %

NYSE ATUS opened at $2.67 on Monday. The business’s 50 day moving average is $2.73 and its two-hundred day moving average is $2.54. Altice USA has a 12-month low of $1.52 and a 12-month high of $3.20. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of -11.62 and a beta of 1.58.

Altice USA (NYSE:ATUS) last released its earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). Equities analysts forecast that Altice USA will post -0.24 earnings per share for the current fiscal year.

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.