Buckingham Research initiated coverage on shares of Altice USA (NYSE:ATUS) in a research report released on Tuesday morning. The brokerage issued a buy rating and a $30.00 price objective on the stock.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Altice USA from a sell rating to a hold rating in a research note on Thursday, March 8th. Pivotal Research reiterated a buy rating and issued a $28.00 price target on shares of Altice USA in a research note on Tuesday, January 9th. Goldman Sachs upgraded shares of Altice USA from a buy rating to a conviction-buy rating and decreased their price target for the stock from $28.00 to $19.91 in a research note on Tuesday, March 13th. JPMorgan Chase & Co. decreased their price target on shares of Altice USA from $34.00 to $32.00 and set an overweight rating for the company in a research note on Tuesday, March 6th. Finally, Royal Bank of Canada reiterated an outperform rating and issued a $35.00 price target (up previously from $31.00) on shares of Altice USA in a research note on Tuesday, March 6th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Altice USA presently has a consensus rating of Buy and a consensus target price of $30.86.
Altice USA (ATUS) opened at $19.70 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 3.88. Altice USA has a 12 month low of $17.80 and a 12 month high of $35.29.
Altice USA (NYSE:ATUS) last posted its quarterly earnings data on Tuesday, February 27th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. equities research analysts forecast that Altice USA will post 0.13 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Stifel Financial Corp purchased a new stake in shares of Altice USA during the 3rd quarter worth approximately $224,000. OxFORD Asset Management LLP lifted its position in shares of Altice USA by 2.9% during the 3rd quarter. OxFORD Asset Management LLP now owns 321,675 shares of the company’s stock worth $8,766,000 after buying an additional 9,175 shares during the last quarter. MANA Advisors LLC purchased a new stake in shares of Altice USA during the 4th quarter worth approximately $235,000. Virtu Financial LLC purchased a new stake in shares of Altice USA during the 4th quarter worth approximately $272,000. Finally, Ellington Management Group LLC purchased a new stake in shares of Altice USA during the 4th quarter worth approximately $291,000. Institutional investors and hedge funds own 16.07% of the company’s stock.
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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