Altice USA Target of Unusually Large Options Trading (ATUS)

Altice USA Inc (NYSE:ATUS) saw unusually large options trading activity on Tuesday. Stock investors purchased 2,572 call options on the stock. This represents an increase of 1,247% compared to the typical volume of 191 call options.

Shares of Altice USA (NYSE:ATUS) opened at $19.97 on Thursday. The firm has a market cap of $14,710.00 and a PE ratio of -14.37. The company has a debt-to-equity ratio of 6.82, a quick ratio of 0.32 and a current ratio of 0.32. Altice USA has a 12 month low of $17.80 and a 12 month high of $35.29.

A number of large investors have recently added to or reduced their stakes in ATUS. Vanguard Group Inc. purchased a new stake in shares of Altice USA during the 2nd quarter valued at about $67,939,000. FMR LLC purchased a new stake in shares of Altice USA during the 2nd quarter valued at about $57,079,000. Goldman Sachs Group Inc. purchased a new stake in shares of Altice USA during the 2nd quarter valued at about $14,162,000. Macquarie Group Ltd. purchased a new stake in shares of Altice USA during the 2nd quarter valued at about $877,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Altice USA during the 2nd quarter valued at about $1,801,000. Institutional investors and hedge funds own 14.21% of the company’s stock.

ATUS has been the subject of several research reports. Atlantic Securities initiated coverage on shares of Altice USA in a research note on Tuesday, October 31st. They issued an “overweight” rating and a $32.00 price target for the company. Wells Fargo & Co reiterated a “market perform” rating and issued a $25.00 price target (down from $34.00) on shares of Altice USA in a research note on Monday, November 6th. Deutsche Bank restated a “buy” rating and set a $35.00 price objective on shares of Altice USA in a research note on Monday, November 6th. Goldman Sachs Group upgraded shares of Altice USA from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, November 7th. Finally, Moffett Nathanson upgraded shares of Altice USA from a “neutral” rating to a “buy” rating in a research note on Friday, November 10th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.21.

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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.

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