Altice USA Inc (NASDAQ:ATUS)‘s stock had its “buy” rating reissued by Pivotal Research in a research note issued to investors on Tuesday. They currently have a $38.00 target price on the stock. Pivotal Research’s price target indicates a potential upside of 22.27% from the company’s current price.

Several other analysts have also recently issued reports on the company. Goldman Sachs Group, Inc. (The) initiated coverage on Altice USA in a research report on Monday, July 17th. They set a “neutral” rating and a $33.00 target price on the stock. Deutsche Bank AG initiated coverage on Altice USA in a research report on Monday, July 17th. They set a “buy” rating and a $36.00 target price on the stock. Wells Fargo & Company initiated coverage on Altice USA in a research report on Wednesday, July 26th. They set a “market perform” rating and a $34.00 target price on the stock. Guggenheim initiated coverage on Altice USA in a research report on Wednesday, July 12th. They set a “buy” rating and a $38.00 target price on the stock. Finally, Citigroup Inc. initiated coverage on Altice USA in a research report on Monday, July 17th. They set a “buy” rating and a $44.00 target price on the stock. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Altice USA has a consensus rating of “Buy” and an average price target of $36.42.

Altice USA (NASDAQ:ATUS) opened at 31.08 on Tuesday. The stock’s market cap is $20.49 billion. Altice USA has a 52 week low of $30.66 and a 52 week high of $35.29. The firm’s 50-day moving average price is $32.28 and its 200-day moving average price is $32.28.

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In other Altice USA news, Director Mark Mullen acquired 5,000 shares of the stock in a transaction dated Tuesday, June 27th. The stock was purchased at an average price of $30.00 per share, with a total value of $150,000.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $150,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Bc European Capital Ix Ltd sold 36,197,360 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $29.01, for a total value of $1,050,085,413.60. The disclosure for this sale can be found here. Insiders have acquired a total of 74,000 shares of company stock worth $2,220,000 in the last ninety days.

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Altice USA during the second quarter worth $666,000. LMR Partners LLP acquired a new stake in Altice USA during the second quarter worth $1,776,000. Canada Pension Plan Investment Board acquired a new stake in Altice USA during the second quarter worth $1,296,928,000. TD Asset Management Inc. acquired a new stake in Altice USA during the second quarter worth $656,000. Finally, Sei Investments Co. acquired a new stake in Altice USA during the second quarter worth $4,370,000.

Altice USA Company Profile

Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.

Analyst Recommendations for Altice USA (NASDAQ:ATUS)

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