Brokerages Set Altice USA, Inc. (NYSE:ATUS) Target Price at $1.97

Altice USA, Inc. (NYSE:ATUS) has received an average rating of “Reduce” from the ten analysts that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $1.97.

A number of analysts have issued reports on ATUS shares. The Goldman Sachs Group started coverage on shares of Altice USA in a report on Monday, July 1st. They issued a “sell” rating and a $2.00 price target on the stock. Evercore ISI decreased their price target on Altice USA from $3.00 to $2.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Finally, UBS Group lowered shares of Altice USA from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $4.00 to $2.00 in a research note on Friday, August 2nd.

Altice USA Stock Performance

ATUS opened at $2.50 on Monday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 250.00, a price-to-earnings-growth ratio of 2.71 and a beta of 1.51. The firm’s fifty day moving average is $1.91 and its 200 day moving average is $2.13. Altice USA has a fifty-two week low of $1.52 and a fifty-two week high of $3.66.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). Altice USA had a negative net margin of 0.62% and a negative return on equity of 1.54%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Altice USA’s revenue was down 3.6% on a year-over-year basis. On average, equities research analysts predict that Altice USA will post 0.1 earnings per share for the current year.

Institutional Trading of Altice USA

A number of large investors have recently made changes to their positions in ATUS. Vanguard Personalized Indexing Management LLC purchased a new position in Altice USA in the 2nd quarter worth about $25,000. Headlands Technologies LLC bought a new position in Altice USA in the 1st quarter worth about $46,000. Quadrature Capital Ltd purchased a new position in shares of Altice USA during the fourth quarter worth approximately $47,000. Alpine Global Management LLC bought a new stake in shares of Altice USA during the first quarter valued at approximately $65,000. Finally, Swedbank AB purchased a new stake in shares of Altice USA in the first quarter valued at approximately $66,000. 54.85% of the stock is owned by hedge funds and other institutional investors.

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.