Brokerages Set Altice USA Inc (ATUS) Target Price at $32.00

Altice USA Inc (NYSE:ATUS) has received a consensus recommendation of “Buy” from the fifteen analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $32.23.

A number of brokerages have recently issued reports on ATUS. Moffett Nathanson raised Altice USA from a “neutral” rating to a “buy” rating in a research note on Friday, November 10th. Wells Fargo & Co reissued a “market perform” rating and issued a $25.00 price objective (down from $34.00) on shares of Altice USA in a research note on Monday, November 6th. Societe Generale began coverage on Altice USA in a research note on Wednesday, December 13th. They issued a “buy” rating on the stock. Morgan Stanley dropped their price objective on Altice USA from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 14th. Finally, Guggenheim reissued a “neutral” rating and issued a $31.00 price objective on shares of Altice USA in a research note on Friday, September 15th.

Hedge funds have recently bought and sold shares of the stock. Columbus Hill Capital Management L.P. acquired a new position in Altice USA during the 2nd quarter worth approximately $162,000. Stifel Financial Corp acquired a new position in Altice USA during the 3rd quarter worth approximately $224,000. Atlantic Trust Group LLC acquired a new position in Altice USA during the 2nd quarter worth approximately $323,000. Neuberger Berman Group LLC acquired a new position in Altice USA during the 2nd quarter worth approximately $366,000. Finally, BT Investment Management Ltd acquired a new position in Altice USA during the 2nd quarter worth approximately $593,000. 13.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Altice USA (NYSE:ATUS) traded up $0.38 during trading hours on Monday, hitting $23.13. The stock had a trading volume of 4,018,900 shares, compared to its average volume of 3,366,299. The firm has a market cap of $16,250.00 and a P/E ratio of -16.64. The company has a debt-to-equity ratio of 6.82, a current ratio of 0.32 and a quick ratio of 0.32. Altice USA has a 12 month low of $17.80 and a 12 month high of $35.29.

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About Altice USA

Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.

Analyst Recommendations for Altice USA (NYSE:ATUS)

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