Altice USA (NYSE:ATUS) had its price target decreased by Buckingham Research from $30.00 to $28.00 in a research note published on Wednesday, May 23rd. Buckingham Research currently has a buy rating on the stock.
Several other research analysts have also recently commented on the stock. Citigroup lowered their target price on shares of Altice USA from $38.00 to $30.00 and set a buy rating on the stock in a report on Monday, April 30th. Pivotal Research reaffirmed a buy rating and set a $28.00 target price on shares of Altice USA in a report on Friday, March 9th. TD Securities began coverage on shares of Altice USA in a research note on Monday, April 9th. They issued a buy rating and a $25.00 price objective on the stock. Cowen began coverage on shares of Altice USA in a research note on Monday, March 26th. They issued a buy rating and a $25.00 price objective on the stock. Finally, Goldman Sachs Group initiated coverage on shares of Altice USA in a research note on Wednesday, March 14th. They issued a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Altice USA presently has an average rating of Buy and an average target price of $28.39.
Shares of NYSE ATUS traded up $0.32 during mid-day trading on Wednesday, hitting $17.98. The company had a trading volume of 13,556,710 shares, compared to its average volume of 3,019,160. Altice USA has a one year low of $16.25 and a one year high of $35.29. The stock has a market capitalization of $13.19 billion and a price-to-earnings ratio of 899.00. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.70 and a quick ratio of 0.70.
Altice USA (NYSE:ATUS) last issued its earnings results on Wednesday, May 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.05). The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.34 billion. Altice USA had a net margin of 15.69% and a negative return on equity of 6.78%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) earnings per share. sell-side analysts expect that Altice USA will post -0.05 EPS for the current year.
The business also recently disclosed a dividend, which was paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 22nd were issued a dividend of $2.035 per share. The ex-dividend date was Thursday, June 7th.
Several large investors have recently bought and sold shares of ATUS. Schwab Charles Investment Management Inc. increased its position in shares of Altice USA by 20.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 176,007 shares of the company’s stock worth $3,737,000 after acquiring an additional 30,373 shares in the last quarter. Verde Servicos Internacionais S.A. bought a new stake in shares of Altice USA during the fourth quarter worth about $1,221,000. Gabelli Funds LLC increased its position in shares of Altice USA by 35.6% during the fourth quarter. Gabelli Funds LLC now owns 137,000 shares of the company’s stock worth $2,909,000 after acquiring an additional 36,000 shares in the last quarter. Lucerne Capital Management LP bought a new stake in shares of Altice USA during the fourth quarter worth about $129,721,000. Finally, Harbor Advisors LLC bought a new stake in shares of Altice USA during the fourth quarter worth about $531,000. 17.24% of the stock is owned by institutional investors.
Altice USA Company Profile
Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.
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