Brokerages Set Altice USA, Inc. (NYSE:ATUS) PT at $2.41

Shares of Altice USA, Inc. (NYSE:ATUS) have been given an average recommendation of “Reduce” by the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $2.15.

Several research firms have recently weighed in on ATUS. Raymond James upgraded Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price objective on the stock in a report on Tuesday, February 18th. Citigroup lifted their price objective on Altice USA from $2.50 to $3.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

Altice USA Price Performance

NYSE:ATUS opened at $2.67 on Monday. Altice USA has a fifty-two week low of $1.52 and a fifty-two week high of $3.20. The stock has a market capitalization of $1.24 billion, a PE ratio of -11.62 and a beta of 1.58. The business’s 50-day simple moving average is $2.73 and its 200-day simple moving average is $2.54.

Altice USA (NYSE:ATUS) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). On average, research analysts expect that Altice USA will post -0.24 earnings per share for the current year.

Insiders Place Their Bets

In other Altice USA news, Director Alt S.A.R.L. Next sold 805,230 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $24.50, for a total transaction of $19,728,135.00. Following the transaction, the director now owns 6,651,882 shares of the company’s stock, valued at $162,971,109. The trade was a 10.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 52.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. LPL Financial LLC acquired a new position in shares of Altice USA during the 4th quarter worth approximately $25,000. Quadrature Capital Ltd acquired a new position in shares of Altice USA during the 3rd quarter worth approximately $27,000. Raymond James Financial Inc. acquired a new position in shares of Altice USA during the 4th quarter worth approximately $30,000. D.A. Davidson & CO. acquired a new position in shares of Altice USA during the 3rd quarter worth approximately $32,000. Finally, Wolverine Trading LLC acquired a new position in shares of Altice USA during the 3rd quarter worth approximately $39,000. Institutional investors and hedge funds 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.