Altice USA (NYSE:ATUS) Trading Down 5.9%

Altice USA, Inc. (NYSE:ATUSGet Free Report) was down 5.9% during trading on Thursday . The company traded as low as $2.23 and last traded at $2.23. Approximately 1,413,420 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 3,586,609 shares. The stock had previously closed at $2.37.

Analyst Ratings Changes

ATUS has been the subject of several research reports. BNP Paribas lowered Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price target for the company. in a report on Tuesday, April 9th. Loop Capital reduced their target price on shares of Altice USA from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Tuesday, April 23rd. UBS Group dropped their price target on shares of Altice USA from $6.00 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, February 15th. Benchmark reaffirmed a “buy” rating and issued a $5.00 price objective on shares of Altice USA in a research note on Wednesday, March 20th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Altice USA in a research report on Thursday, April 11th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.41.

Get Our Latest Stock Report on Altice USA

Altice USA Trading Down 5.9 %

The stock has a market cap of $1.03 billion, a P/E ratio of 223.00, a P/E/G ratio of 0.74 and a beta of 1.50. The firm’s fifty day moving average is $2.23 and its 200 day moving average is $2.41.

Altice USA (NYSE:ATUSGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Altice USA had a negative return on equity of 1.54% and a net margin of 0.07%. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts forecast that Altice USA, Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Montag A & Associates Inc. bought a new stake in Altice USA in the 4th quarter valued at $32,000. Sherbrooke Park Advisers LLC acquired a new position in Altice USA in the third quarter worth about $37,000. Quadrature Capital Ltd acquired a new position in Altice USA in the fourth quarter worth about $47,000. Headlands Technologies LLC bought a new position in Altice USA during the first quarter worth about $46,000. Finally, Aigen Investment Management LP acquired a new stake in Altice USA during the third quarter valued at approximately $72,000. Institutional investors own 54.85% of the company’s stock.

About Altice USA

(Get Free Report)

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.

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