Altice USA (NYSE:ATUS) was upgraded by Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a research report issued on Tuesday. The firm presently has a $19.91 price target on the stock, down from their previous price target of $28.00. Goldman Sachs Group’s target price suggests a potential upside of 0.25% from the company’s previous close.
Several other equities research analysts have also recently commented on the stock. Barclays raised shares of Altice USA from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $22.00 to $26.00 in a research report on Tuesday, January 23rd. Societe Generale assumed coverage on shares of Altice USA in a report on Wednesday, December 13th. They issued a “buy” rating on the stock. Morgan Stanley dropped their target price on shares of Altice USA from $32.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 14th. Pivotal Research dropped their target price on shares of Altice USA from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Wednesday, December 6th. Finally, Royal Bank of Canada dropped their target price on shares of Altice USA from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, November 14th. Five 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 currently has a consensus rating of “Buy” and a consensus target price of $30.92.
Shares of Altice USA (NYSE:ATUS) opened at $19.86 on Tuesday. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.34 and a current ratio of 0.34. Altice USA has a 52-week low of $17.80 and a 52-week high of $35.29. The company has a market cap of $14,640.00 and a PE ratio of -16.69.
Altice USA (NYSE:ATUS) last issued its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. sell-side analysts anticipate that Altice USA will post 0.13 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Zimmer Partners LP grew its stake in Altice USA by 48.4% in the 4th quarter. Zimmer Partners LP now owns 3,470,100 shares of the company’s stock valued at $73,670,000 after buying an additional 1,131,750 shares during the last quarter. Clearline Capital LP acquired a new position in Altice USA in the 4th quarter valued at about $1,100,000. Luminus Management LLC acquired a new position in Altice USA in the 4th quarter valued at about $3,928,000. Ellington Management Group LLC acquired a new position in Altice USA in the 4th quarter valued at about $291,000. Finally, Honeycomb Asset Management LP acquired a new position in Altice USA in the 4th quarter valued at about $11,676,000. 16.08% of the stock is currently 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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