Analysts Set Altice USA, Inc. (NYSE:ATUS) Target Price at $1.97

Shares of Altice USA, Inc. (NYSE:ATUS) have been given a consensus recommendation of “Reduce” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $1.97.

A number of brokerages have weighed in on ATUS. The Goldman Sachs Group began coverage on shares of Altice USA in a report on Monday, July 1st. They issued a “sell” rating and a $2.00 price objective on the stock. UBS Group downgraded Altice USA from a “buy” rating to a “neutral” rating and cut their price target for the stock from $4.00 to $2.00 in a research note on Friday, August 2nd. Finally, Evercore ISI reduced their price objective on Altice USA from $3.00 to $2.00 and set an “in-line” rating for the company in a research report on Tuesday, July 2nd.

Institutional Trading of Altice USA

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Altice USA in the second quarter worth $25,000. Headlands Technologies LLC purchased a new position in Altice USA in the 1st quarter worth about $46,000. Quadrature Capital Ltd bought a new position in Altice USA during the 4th quarter valued at about $47,000. Alpine Global Management LLC purchased a new stake in shares of Altice USA during the 1st quarter valued at about $65,000. Finally, Swedbank AB bought a new stake in shares of Altice USA in the first quarter worth approximately $66,000. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

Altice USA Stock Up 1.2 %

NYSE ATUS opened at $2.50 on Monday. The firm has a market capitalization of $1.15 billion, a PE ratio of 250.00, a P/E/G ratio of 2.71 and a beta of 1.51. The stock’s 50 day moving average is $1.92 and its 200 day moving average is $2.12. Altice USA has a twelve month low of $1.52 and a twelve month high of $3.66.

Altice USA (NYSE:ATUS) last announced its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.25 billion. Altice USA had a negative net margin of 0.62% and a negative return on equity of 1.54%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. On average, research analysts anticipate that Altice USA will post 0.1 earnings per share for the current 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.