Altice USA, Inc. (NYSE:ATUS) Receives $2.27 Consensus PT from Analysts

Altice USA, Inc. (NYSE:ATUS) has received a consensus recommendation of “Reduce” from the eleven research firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $2.27.

A number of analysts have recently weighed in on ATUS shares. BNP Paribas cut shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price target on the stock. in a report on Tuesday, April 9th. Wells Fargo & Company cut shares of Altice USA from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $2.00 to $1.00 in a research report on Friday, April 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Altice USA in a report on Thursday, April 11th. Benchmark reiterated a “buy” rating and set a $5.00 price objective on shares of Altice USA in a report on Wednesday, March 20th. Finally, The Goldman Sachs Group began coverage on Altice USA in a research note on Monday, July 1st. They set a “sell” rating and a $2.00 target price on the stock.

Altice USA Price Performance

Shares of Altice USA stock opened at $1.86 on Wednesday. The stock has a market cap of $855.53 million, a price-to-earnings ratio of 186.00, a PEG ratio of 0.71 and a beta of 1.49. The firm’s 50-day moving average is $2.20 and its two-hundred day moving average is $2.34. Altice USA has a 1 year low of $1.75 and a 1 year high of $3.82.

Altice USA (NYSE:ATUS) last announced its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Altice USA had a net margin of 0.07% and a negative return on equity of 1.54%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the business posted $0.06 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts expect that Altice USA will post 0.17 earnings per share for the current year.

Institutional Trading of Altice USA

Several institutional investors and hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its holdings in Altice USA by 79.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 3,884,841 shares of the company’s stock worth $12,626,000 after acquiring an additional 1,724,851 shares during the period. CastleKnight Management LP grew its stake in shares of Altice USA by 676.6% during the 4th quarter. CastleKnight Management LP now owns 1,459,685 shares of the company’s stock worth $4,744,000 after purchasing an additional 1,271,734 shares during the period. Hudson Bay Capital Management LP raised its position in shares of Altice USA by 18.5% in the third quarter. Hudson Bay Capital Management LP now owns 5,272,274 shares of the company’s stock worth $17,240,000 after acquiring an additional 823,530 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Altice USA in the 1st quarter worth about $1,914,000. Finally, LB Partners LLC acquired a new position in shares of Altice USA during the 4th quarter worth approximately $1,636,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

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.