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

Altice USA, Inc. (NYSE:ATUS) has earned a consensus rating of “Reduce” from the ten analysts that are covering the stock, Marketbeat.com reports. Six investment 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 1-year price objective among brokerages that have issued a report on the stock in the last year is $1.97.

ATUS has been the subject of a number of research analyst reports. Bank of America began coverage on Altice USA in a research report on Wednesday, April 24th. They issued an “underperform” rating and a $1.50 target price for the company. Loop Capital lowered their target price on Altice USA from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Tuesday, April 23rd. Evercore ISI reduced their price target on shares of 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. The Goldman Sachs Group initiated coverage on shares of Altice USA in a research note on Monday, July 1st. They set a “sell” rating and a $2.00 price target for the company. Finally, UBS Group lowered shares of Altice USA from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $4.00 to $2.00 in a research note on Friday, August 2nd.

Institutional Trading of Altice USA

Institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. grew its stake in Altice USA by 38.1% in the 4th quarter. Victory Capital Management Inc. now owns 31,185 shares of the company’s stock valued at $101,000 after purchasing an additional 8,600 shares during the period. Thompson Siegel & Walmsley LLC grew its position in Altice USA by 6.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 6,850,472 shares of the company’s stock valued at $22,264,000 after buying an additional 396,275 shares during the period. CastleKnight Management LP increased its holdings in Altice USA by 676.6% during the fourth quarter. CastleKnight Management LP now owns 1,459,685 shares of the company’s stock worth $4,744,000 after buying an additional 1,271,734 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Altice USA in the first quarter worth about $1,914,000. Finally, Quadrature Capital Ltd purchased a new position in Altice USA in the fourth quarter valued at about $47,000. 54.85% of the stock is owned by hedge funds and other institutional investors.

Altice USA Stock Up 3.8 %

Shares of ATUS stock opened at $1.65 on Friday. The firm has a 50 day moving average of $2.03 and a 200-day moving average of $2.23. The company has a market cap of $758.94 million, a price-to-earnings ratio of 165.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.48. Altice USA has a 52 week low of $1.55 and a 52 week high of $3.66.

Altice USA (NYSE:ATUS) last posted its quarterly 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). Altice USA had a negative return on equity of 1.54% and a negative net margin of 0.62%. The company had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the previous year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. Analysts anticipate that Altice USA will post 0.17 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.