Altice USA, Inc. (NYSE:ATUS) Receives $2.12 Average Target Price from Analysts

Altice USA, Inc. (NYSE:ATUS) has received an average rating of “Reduce” from the ten brokerages that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $2.22.

A number of equities research analysts have issued reports on ATUS shares. UBS Group downgraded Altice USA from a “buy” rating to a “neutral” rating and lowered their price target for the company from $4.00 to $2.00 in a research report on Friday, August 2nd. TD Cowen lowered their target price on Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, November 5th.

Insider Activity at Altice USA

In related news, Director Alt S.A.R.L. Next sold 805,227 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $24.50, for a total value of $19,728,061.50. Following the sale, the director now owns 38,055,771 shares of the company’s stock, valued at $932,366,389.50. The trade was a 2.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 6,441,816 shares of company stock worth $157,824,492 in the last ninety days. 52.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Altice USA

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC acquired a new stake in Altice USA in the 2nd quarter valued at about $25,000. Quadrature Capital Ltd acquired a new stake in shares of Altice USA in the 3rd quarter valued at $27,000. D.A. Davidson & CO. acquired a new position in shares of Altice USA during the third quarter valued at $32,000. Wolverine Trading LLC acquired a new stake in Altice USA in the third quarter worth about $39,000. Finally, Headlands Technologies LLC acquired a new position in Altice USA in the first quarter valued at approximately $46,000. Institutional investors and hedge funds own 54.85% of the company’s stock.

Altice USA Trading Down 5.4 %

Altice USA stock opened at $2.47 on Tuesday. The stock has a market cap of $1.14 billion, a PE ratio of -6.66, a P/E/G ratio of 53.16 and a beta of 1.52. The stock has a 50-day moving average price of $2.41 and a 200 day moving average price of $2.16. Altice USA has a 52 week low of $1.52 and a 52 week high of $3.66.

Altice USA (NYSE:ATUS) last released its earnings results on Monday, November 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.13). The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $2.24 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. Altice USA’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share. On average, equities analysts predict that Altice USA will post 0.01 EPS for the current 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.