Altice USA Inc (NYSE:ATUS) saw unusually large options trading on Tuesday. Stock investors purchased 2,572 call options on the company. This represents an increase of approximately 1,247% compared to the average daily volume of 191 call options.
A number of brokerages recently issued reports on ATUS. Royal Bank of Canada reduced their target price on Altice USA from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Tuesday, November 14th. Atlantic Securities began coverage on Altice USA in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $32.00 target price for the company. Pivotal Research restated a “buy” rating and issued a $28.00 target price on shares of Altice USA in a research note on Tuesday, January 9th. Barclays upgraded Altice USA from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $22.00 to $26.00 in a research note on Tuesday, January 23rd. Finally, Morgan Stanley reduced their target price on Altice USA from $32.00 to $25.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 14th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Altice USA presently has a consensus rating of “Buy” and an average target price of $32.21.
Shares of Altice USA (NYSE:ATUS) traded up $0.43 on Wednesday, reaching $19.97. The company’s stock had a trading volume of 1,306,453 shares, compared to its average volume of 2,409,681. The firm has a market cap of $14,710.00 and a P/E ratio of -14.36. The company has a debt-to-equity ratio of 6.82, a current ratio of 0.32 and a quick ratio of 0.32. Altice USA has a 12 month low of $17.80 and a 12 month high of $35.29.
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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