Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Altice USA (NYSE:ATUS) Stock Price

Media coverage about Altice USA (NYSE:ATUS) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Altice USA earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.4791654050846 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

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Shares of ATUS stock traded down $0.21 during trading hours on Friday, hitting $18.50. 942,385 shares of the company’s stock were exchanged, compared to its average volume of 1,766,349. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $13,635.76 and a price-to-earnings ratio of 925.00. Altice USA has a fifty-two week low of $17.58 and a fifty-two week high of $35.29.

Altice USA (NYSE:ATUS) last announced its earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.36 billion. analysts anticipate that Altice USA will post 0.07 earnings per share for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Macquarie assumed coverage on Altice USA in a research note on Tuesday, April 3rd. They set an “outperform” rating and a $23.50 price target on the stock. Buckingham Research began coverage on Altice USA in a research note on Tuesday, March 20th. They set a “buy” rating and a $30.00 price target on the stock. Zacks Investment Research upgraded Altice USA from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Pivotal Research reiterated a “buy” rating and issued a $28.00 target price on shares of Altice USA in a research report on Tuesday, January 9th. Finally, Goldman Sachs upgraded Altice USA from a “buy” rating to a “conviction-buy” rating and dropped their target price for the company from $28.00 to $19.91 in a research report on Tuesday, March 13th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Altice USA has a consensus rating of “Buy” and an average price target of $30.08.

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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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