Research analysts at TD Securities assumed coverage on shares of Altice USA (NYSE:ATUS) in a research report issued on Monday. The brokerage set a “buy” rating and a $25.00 price target on the stock. TD Securities’ target price points to a potential upside of 34.05% from the stock’s previous close.
ATUS has been the subject of several other reports. Pivotal Research reaffirmed a “buy” rating and issued a $28.00 target price on shares of Altice USA in a research note on Friday, March 9th. Cowen started coverage on shares of Altice USA in a research note on Monday, March 26th. They issued a “buy” rating and a $25.00 target price for the company. Barclays raised shares of Altice USA from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $22.00 to $26.00 in a research note on Tuesday, January 23rd. Societe Generale started coverage on shares of Altice USA in a research note on Wednesday, December 13th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 target price (up from $31.00) on shares of Altice USA in a research note on Tuesday, March 6th. Five research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $29.80.
Shares of ATUS traded up $0.15 during mid-day trading on Monday, reaching $18.65. 72,290 shares of the company’s stock were exchanged, compared to its average volume of 2,019,946. 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 has a 52-week low of $17.58 and a 52-week high of $35.29. The stock has a market cap of $13,635.76 and a price-to-earnings ratio of 932.50.
Altice USA (NYSE:ATUS) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. equities analysts expect that Altice USA will post 0.07 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Stifel Financial Corp acquired a new position in shares of Altice USA during the 3rd quarter valued at $224,000. MANA Advisors LLC acquired a new position in shares of Altice USA during the 4th quarter valued at $235,000. Virtu Financial LLC acquired a new position in shares of Altice USA during the 4th quarter valued at $272,000. Ellington Management Group LLC acquired a new position in shares of Altice USA during the 4th quarter valued at $291,000. Finally, Guggenheim Capital LLC acquired a new position in shares of Altice USA during the 4th quarter valued at $334,000. Institutional investors and hedge funds own 16.07% of the company’s stock.
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About Altice USA
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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