Altice USA (NYSE:ATUS) Stock Rating Reaffirmed by Evercore ISI

Altice USA (NYSE:ATUS)‘s stock had its “in-line” rating restated by Evercore ISI in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $3.00 price target on the stock. Evercore ISI’s target price suggests a potential upside of 14.50% from the company’s current price.

A number of other equities analysts also recently weighed in on ATUS. Wells Fargo & Company lowered their price target on Altice USA from $3.00 to $2.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. UBS Group decreased their target price on Altice USA from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. BNP Paribas raised Altice USA from an “underperform” rating to a “neutral” rating in a report on Tuesday, February 27th. Finally, Benchmark reaffirmed a “buy” rating and set a $5.00 price objective on shares of Altice USA in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $3.22.

Altice USA Stock Up 5.2 %

Shares of Altice USA stock opened at $2.62 on Tuesday. Altice USA has a 12-month low of $1.75 and a 12-month high of $3.82. The business’s 50 day moving average is $2.44 and its 200-day moving average is $2.64. The stock has a market cap of $1.20 billion, a P/E ratio of 21.83 and a beta of 1.36.

Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.33). The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. Altice USA had a net margin of 0.58% and a negative return on equity of 12.81%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.43) EPS. On average, sell-side analysts expect that Altice USA will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ATUS. Bank of New York Mellon Corp raised its position in shares of Altice USA by 5.1% in the first quarter. Bank of New York Mellon Corp now owns 771,039 shares of the company’s stock valued at $9,623,000 after buying an additional 37,677 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Altice USA by 22.7% during the 1st quarter. American Century Companies Inc. now owns 23,401 shares of the company’s stock worth $292,000 after purchasing an additional 4,336 shares in the last quarter. Cetera Advisor Networks LLC increased its position in shares of Altice USA by 35.6% in the first quarter. Cetera Advisor Networks LLC now owns 13,674 shares of the company’s stock worth $171,000 after purchasing an additional 3,588 shares during the period. Acadian Asset Management LLC acquired a new position in Altice USA in the first quarter valued at about $351,000. Finally, MetLife Investment Management LLC bought a new stake in Altice USA during the first quarter worth about $134,000. Institutional investors own 54.85% of the company’s stock.

About Altice USA

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.