Analysts Set Altice USA, Inc. (NYSE:ATUS) PT at $2.75

Shares of Altice USA, Inc. (NYSE:ATUS) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $2.75.

A number of research firms have weighed in on ATUS. The Goldman Sachs Group lifted their target price on Altice USA from $2.00 to $2.25 and gave the company a “sell” rating in a report on Friday, May 9th. Barclays boosted their target price on Altice USA from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th.

Institutional Trading of Altice USA

Hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC bought a new position in shares of Altice USA during the fourth quarter valued at approximately $25,000. DoubleLine ETF Adviser LP purchased a new stake in shares of Altice USA in the first quarter worth $29,000. Raymond James Financial Inc. purchased a new stake in shares of Altice USA in the fourth quarter worth $30,000. R Squared Ltd grew its stake in shares of Altice USA by 56.0% in the first quarter. R Squared Ltd now owns 15,490 shares of the company’s stock worth $41,000 after acquiring an additional 5,560 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Altice USA during the fourth quarter valued at $43,000. Institutional investors own 54.85% of the company’s stock.

Altice USA Price Performance

NYSE ATUS opened at $2.13 on Wednesday. The stock has a market capitalization of $993.86 million, a price-to-earnings ratio of -6.25 and a beta of 1.61. Altice USA has a one year low of $1.52 and a one year high of $3.20. The business’s fifty day moving average is $2.33 and its 200-day moving average is $2.52.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the company earned ($0.05) EPS. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. Research analysts expect that Altice USA will post -0.24 EPS for the current fiscal year.

Altice USA Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.