Altice USA (NYSE:ATUS) had its price objective upped by KeyCorp from $25.00 to $31.00 in a research report report published on Thursday, 24/7 WallStreet reports. KeyCorp currently has an overweight rating on the stock.
A number of other research firms have also recently commented on ATUS. Zacks Investment Research cut shares of Altice USA from a buy rating to a hold rating in a research report on Tuesday, April 30th. Macquarie started coverage on shares of Altice USA in a research report on Wednesday, June 19th. They set a buy rating and a $30.00 price objective for the company. TD Securities lifted their price objective on shares of Altice USA from $27.00 to $29.00 and gave the stock a buy rating in a research report on Tuesday, May 7th. Pivotal Research reaffirmed a buy rating and set a $40.00 price objective on shares of Altice USA in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Altice USA from $28.00 to $31.00 and gave the stock an overweight rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Altice USA currently has a consensus rating of Buy and an average target price of $29.42.
Shares of NYSE:ATUS traded down $0.16 during midday trading on Thursday, hitting $26.98. The stock had a trading volume of 6,574,064 shares, compared to its average volume of 4,104,834. Altice USA has a 12 month low of $14.49 and a 12 month high of $27.74. The company has a current ratio of 0.29, a quick ratio of 0.39 and a debt-to-equity ratio of 9.18. The business has a 50-day moving average of $24.96. The firm has a market capitalization of $18.32 billion, a P/E ratio of 337.25 and a beta of 0.99.
Altice USA (NYSE:ATUS) last released its earnings results on Wednesday, July 31st. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.05. Altice USA had a net margin of 3.16% and a return on equity of 13.57%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $2.45 billion. During the same period last year, the business earned ($0.13) earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, research analysts predict that Altice USA will post 0.51 EPS for the current year.
In other Altice USA news, Director Dennis Okhuijsen sold 551,724 shares of Altice USA stock in a transaction on Monday, June 10th. The shares were sold at an average price of $24.67, for a total transaction of $13,611,031.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 45.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Altice USA during the second quarter worth $41,000. LS Investment Advisors LLC acquired a new stake in shares of Altice USA during the first quarter worth $82,000. Quantamental Technologies LLC acquired a new stake in shares of Altice USA during the first quarter worth $96,000. Advisor Group Inc. lifted its holdings in shares of Altice USA by 26.6% during the second quarter. Advisor Group Inc. now owns 4,503 shares of the company’s stock worth $111,000 after buying an additional 945 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Altice USA by 340.9% during the first quarter. Bank of Montreal Can now owns 7,261 shares of the company’s stock worth $156,000 after buying an additional 5,614 shares in the last quarter. 50.32% of the stock is owned by institutional investors.
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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