Brokerages Set Altice USA, Inc. (NYSE:ATUS) Target Price at $2.44

Altice USA, Inc. (NYSE:ATUS) has earned a consensus rating of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $2.44.

Separately, Raymond James upgraded shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 target price for the company in a research note on Tuesday, February 18th.

Altice USA Stock Up 4.3 %

NYSE:ATUS opened at $2.32 on Friday. Altice USA has a 52 week low of $1.52 and a 52 week high of $3.20. The company has a market cap of $1.07 billion, a PE ratio of -10.06 and a beta of 1.65. The business’s 50 day moving average is $2.64 and its two-hundred day moving average is $2.58.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). As a group, sell-side analysts expect that Altice USA will post -0.24 EPS for the current fiscal year.

Institutional Trading of Altice USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATUS. Charles Schwab Investment Management Inc. lifted its holdings in shares of Altice USA by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,316 shares of the company’s stock worth $3,450,000 after buying an additional 85,936 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Altice USA in the 3rd quarter valued at $27,000. State Street Corp boosted its holdings in Altice USA by 2.8% in the 3rd quarter. State Street Corp now owns 1,534,608 shares of the company’s stock valued at $3,775,000 after purchasing an additional 41,868 shares during the period. Wolverine Trading LLC acquired a new stake in Altice USA in the 3rd quarter worth $39,000. Finally, Barclays PLC increased its holdings in shares of Altice USA by 120.3% during the 3rd quarter. Barclays PLC now owns 1,527,424 shares of the company’s stock worth $3,756,000 after purchasing an additional 834,030 shares during the period. Institutional investors and hedge funds own 54.85% of the company’s stock.

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.