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.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Columbus Hill Capital Management L.P. acquired a new stake in shares of Altice USA during the 2nd quarter worth approximately $162,000. Atlantic Trust Group LLC acquired a new stake in shares of Altice USA during the 2nd quarter worth approximately $323,000. Neuberger Berman Group LLC acquired a new stake in shares of Altice USA during the 2nd quarter worth approximately $366,000. BT Investment Management Ltd acquired a new stake in shares of Altice USA during the 2nd quarter worth approximately $593,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Altice USA during the 2nd quarter worth approximately $607,000.

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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