Altice USA, Inc. (NYSE:ATUS) Receives $2.41 Average Target Price from Analysts

Shares of Altice USA, Inc. (NYSE:ATUS) have been given an average recommendation of “Reduce” by the eleven analysts that are covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $2.15.

Several research firms recently issued reports on ATUS. Citigroup boosted their price target on Altice USA from $2.50 to $3.00 and gave the company a “buy” rating in a research note 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 for the company in a research report on Tuesday, February 18th.

Altice USA Price Performance

ATUS opened at $2.67 on Monday. The business has a fifty day simple moving average of $2.73 and a 200 day simple moving average of $2.54. The company has a market capitalization of $1.24 billion, a PE ratio of -11.62 and a beta of 1.58. Altice USA has a 1 year low of $1.52 and a 1 year high of $3.20.

Altice USA (NYSE:ATUS) last released its quarterly 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 anticipate that Altice USA will post -0.24 earnings per share for the current fiscal year.

Insider Activity at Altice USA

In related news, Director Alt S.A.R.L. Next sold 805,230 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $24.50, for a total value of $19,728,135.00. Following the sale, the director now directly owns 6,651,882 shares of the company’s stock, valued at $162,971,109. This trade represents a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 52.90% of the stock is currently owned by insiders.

Institutional Trading of Altice USA

Large investors have recently bought and sold shares of the business. LPL Financial LLC bought a new position in Altice USA in the fourth quarter valued at about $25,000. Quadrature Capital Ltd bought a new position in Altice USA in the third quarter valued at about $27,000. Raymond James Financial Inc. bought a new position in Altice USA in the fourth quarter valued at about $30,000. D.A. Davidson & CO. bought a new position in Altice USA in the third quarter valued at about $32,000. Finally, Wolverine Trading LLC bought a new position in Altice USA in the third quarter valued at about $39,000. 54.85% of the stock is owned by institutional investors and hedge funds.

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 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.