Equities research analysts at Goldman Sachs assumed coverage on shares of Altice USA (NYSE:ATUS) in a report issued on Wednesday, March 14th. The brokerage set a “buy” rating on the stock.
Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Altice USA from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. Pivotal Research reissued a “buy” rating and issued a $28.00 target price on shares of Altice USA in a report on Tuesday, January 9th. JPMorgan Chase cut their price objective on shares of Altice USA from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Tuesday, March 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $35.00 price objective (up from $31.00) on shares of Altice USA in a report on Tuesday, March 6th. Finally, Societe Generale initiated coverage on Altice USA in a research report on Wednesday, December 13th. They set a “buy” rating for the company. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $30.08.
Shares of NYSE:ATUS traded down $0.21 during midday trading on Wednesday, reaching $18.50. The company’s stock had a trading volume of 942,385 shares, compared to its average volume of 1,766,349. The company has a market capitalization of $13,635.76 and a PE ratio of 925.00. Altice USA has a 12-month low of $17.58 and a 12-month high of $35.29. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.34 and a quick ratio of 0.34.
Altice USA (NYSE:ATUS) last posted its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. equities analysts anticipate that Altice USA will post 0.07 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in ATUS. Lucerne Capital Management LP purchased a new stake in shares of Altice USA in the fourth quarter valued at approximately $129,721,000. BlackRock Inc. increased its position in shares of Altice USA by 161.5% during the fourth quarter. BlackRock Inc. now owns 3,227,522 shares of the company’s stock worth $68,520,000 after purchasing an additional 1,993,479 shares in the last quarter. Lakewood Capital Management LP purchased a new stake in Altice USA in the 4th quarter valued at $34,913,000. Simcoe Capital Management LLC purchased a new stake in Altice USA in the 4th quarter valued at $31,344,000. Finally, Zimmer Partners LP grew its holdings in Altice USA by 48.4% in the 4th quarter. Zimmer Partners LP now owns 3,470,100 shares of the company’s stock valued at $73,670,000 after buying an additional 1,131,750 shares in the last quarter. 16.07% of the stock is owned by institutional investors.
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Altice USA Company Profile
Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.
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