Altice USA Inc (ATUS) Now Covered by Moffett Nathanson
Equities researchers at Moffett Nathanson started coverage on shares of Altice USA Inc (NASDAQ:ATUS) in a note issued to investors on Tuesday. The brokerage set a “neutral” rating on the stock.
A number of other research analysts have also issued reports on the stock. Guggenheim restated a “neutral” rating and set a $31.00 target price on shares of Altice USA in a research report on Friday, September 15th. Morgan Stanley reiterated an “equal weight” rating and set a $32.00 price target (up previously from $31.00) on shares of Altice USA in a research report on Wednesday, August 23rd. Pivotal Research reiterated a “buy” rating and set a $38.00 price target on shares of Altice USA in a research report on Tuesday, August 8th. Wells Fargo & Company assumed coverage on shares of Altice USA in a research report on Wednesday, July 26th. They set a “market perform” rating and a $34.00 price target on the stock. Finally, BNP Paribas assumed coverage on shares of Altice USA in a research report on Tuesday, July 18th. They set an “outperform” rating and a $36.00 price target on the stock. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $35.92.
Altice USA (ATUS) traded down 1.73% on Tuesday, hitting $26.75. 1,398,647 shares of the stock were exchanged. Altice USA has a 1-year low of $26.11 and a 1-year high of $35.29. The company’s market capitalization is $19.72 billion. The company has a 50-day moving average price of $28.80 and a 200 day moving average price of $30.51.
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.
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