Altice USA Inc (NASDAQ:ATUS) has earned an average rating of “Hold” from the thirteen research firms that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.31.

ATUS has been the topic of a number of recent research reports. Barclays PLC initiated coverage on Altice USA in a research report on Monday, July 17th. They set an “equal weight” rating and a $32.00 price objective on the stock. Royal Bank Of Canada initiated coverage on Altice USA in a research report on Monday, July 17th. They set an “outperform” rating and a $40.00 price objective on the stock. Morgan Stanley restated an “equal weight” rating and set a $32.00 price objective (up from $31.00) on shares of Altice USA in a research report on Wednesday, August 23rd. BNP Paribas initiated coverage on Altice USA in a research report on Tuesday, July 18th. They set an “outperform” rating and a $36.00 price objective on the stock. Finally, Bank of America Corporation initiated coverage on Altice USA in a research report on Monday, July 17th. They set a “neutral” rating and a $36.00 price objective on the stock.

Altice USA (NASDAQ ATUS) opened at 25.11 on Wednesday. The company’s 50-day moving average price is $27.19 and its 200 day moving average price is $29.85. The company’s market capitalization is $18.51 billion. Altice USA has a 52-week low of $24.30 and a 52-week high of $35.29.

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A number of large investors have recently made changes to their positions in ATUS. Columbus Hill Capital Management L.P. bought a new position in Altice USA in the second quarter worth approximately $162,000. Atlantic Trust Group LLC bought a new position in Altice USA in the second quarter worth approximately $323,000. Neuberger Berman Group LLC bought a new position in Altice USA in the second quarter worth approximately $366,000. BT Investment Management Ltd bought a new position in Altice USA in the second quarter worth approximately $593,000. Finally, Tudor Investment Corp ET AL bought a new position in Altice USA in the second 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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