Goldman Sachs Group assumed coverage on shares of Altice USA (NYSE:ATUS) in a research report issued on Wednesday. The firm set a “buy” rating on the stock.
Other research analysts also recently issued reports about the company. Pivotal Research cut their price objective on Altice USA from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, December 6th. Societe Generale began coverage on shares of Altice USA in a research report on Wednesday, December 13th. They set a “buy” rating for the company. Morgan Stanley decreased their price target on shares of Altice USA from $32.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 14th. Zacks Investment Research raised shares of Altice USA from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Finally, Barclays set a $22.00 price target on shares of Altice USA and gave the stock a “hold” rating in a research report on Wednesday, December 6th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Altice USA presently has an average rating of “Buy” and an average target price of $30.92.
Shares of Altice USA (ATUS) traded up $0.19 during trading on Wednesday, hitting $20.44. The company had a trading volume of 771,409 shares, compared to its average volume of 2,113,534. The company has a debt-to-equity ratio of 3.88, a current ratio of 0.34 and a quick ratio of 0.34. Altice USA has a 1 year low of $17.80 and a 1 year high of $35.29. The firm has a market cap of $14,930.00 and a P/E ratio of -16.81.
Large investors have recently bought and sold shares of the business. Stifel Financial Corp acquired a new stake in shares of Altice USA in the 3rd quarter valued at about $224,000. MANA Advisors LLC acquired a new stake in shares of Altice USA in the 4th quarter valued at about $235,000. Virtu Financial LLC acquired a new stake in shares of Altice USA in the 4th quarter valued at about $272,000. Ellington Management Group LLC acquired a new stake in shares of Altice USA in the 4th quarter valued at about $291,000. Finally, Guggenheim Capital LLC acquired a new stake in shares of Altice USA in the 4th quarter valued at about $334,000. 16.08% of the stock is owned by institutional investors.
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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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