Altice USA Inc’s Lock-Up Period Will End on December 19th (NYSE:ATUS)
Altice USA’s (NYSE:ATUS) lock-up period is set to end on Tuesday, December 19th. Altice USA had issued 63,943,029 shares in its IPO on June 22nd. The total size of the offering was $1,918,290,870 based on an initial share price of $30.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.
ATUS has been the topic of several research analyst reports. Moffett Nathanson initiated coverage on shares of Altice USA in a report on Tuesday, October 10th. They issued a “neutral” rating and a $28.00 target price on the stock. Barclays set a $22.00 target price on shares of Altice USA and gave the stock a “hold” rating in a report on Wednesday, December 6th. Deutsche Bank reissued a “buy” rating and issued a $35.00 target price on shares of Altice USA in a report on Monday, November 6th. Atlantic Securities initiated coverage on shares of Altice USA in a report on Tuesday, October 31st. They issued an “overweight” rating and a $32.00 target price on the stock. Finally, Guggenheim reaffirmed a “neutral” rating and set a $31.00 price target on shares of Altice USA in a research note on Friday, September 15th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.71.
Shares of Altice USA (NYSE:ATUS) opened at $19.21 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 6.82. Altice USA has a 12 month low of $17.80 and a 12 month high of $35.29.
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About Altice USA
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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