Wolfe Research began coverage on shares of Altice USA (NYSE:ATUS) in a report released on Friday morning, The Fly reports. The firm issued an outperform rating on the stock.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research raised Altice USA from a hold rating to a buy rating and set a $20.00 price target for the company in a research note on Monday, October 15th. Credit Suisse Group raised their price target on Altice USA from $21.00 to $23.00 and gave the stock an outperform rating in a research note on Tuesday, November 6th. TD Securities raised their price target on Altice USA from $23.00 to $24.00 and gave the stock a buy rating in a research note on Monday, September 17th. UBS Group assumed coverage on Altice USA in a research note on Thursday, November 15th. They set a buy rating and a $26.00 price target for the company. Finally, Citigroup cut their price target on Altice USA from $28.00 to $26.00 and set a buy rating for the company in a research note on Thursday, November 29th. Two investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $24.63.

NYSE ATUS traded down $0.13 during trading on Friday, reaching $18.24. 6,582,465 shares of the company’s stock were exchanged, compared to its average volume of 4,757,451. Altice USA has a fifty-two week low of $14.49 and a fifty-two week high of $25.15. The firm has a market capitalization of $13.13 billion, a PE ratio of 912.00 and a beta of 0.82. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 6.11.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.04 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.08. Altice USA had a negative return on equity of 3.36% and a net margin of 21.73%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company posted ($0.25) EPS. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. Research analysts anticipate that Altice USA will post -0.07 EPS for the current year.

In related news, SVP Victoria Mink sold 37,502 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $18.99, for a total value of $712,162.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 42.92% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace North America L.P. increased its position in Altice USA by 1,274.9% in the 3rd quarter. Marshall Wace North America L.P. now owns 297,078 shares of the company’s stock worth $5,389,000 after buying an additional 275,470 shares during the period. Vanguard Group Inc. increased its position in Altice USA by 154.7% in the 3rd quarter. Vanguard Group Inc. now owns 24,455,145 shares of the company’s stock worth $443,617,000 after buying an additional 14,855,173 shares during the period. Dodge & Cox increased its position in Altice USA by 0.4% in the 3rd quarter. Dodge & Cox now owns 28,249,077 shares of the company’s stock worth $512,438,000 after buying an additional 99,592 shares during the period. Morgan Stanley increased its position in Altice USA by 6.5% in the 3rd quarter. Morgan Stanley now owns 4,716,562 shares of the company’s stock worth $85,558,000 after buying an additional 286,863 shares during the period. Finally, Legal & General Group Plc increased its position in Altice USA by 2,902.9% in the 3rd quarter. Legal & General Group Plc now owns 11,381 shares of the company’s stock worth $206,000 after buying an additional 11,002 shares during the period. 41.93% of the stock is currently owned by institutional investors.

Altice USA Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

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Analyst Recommendations for Altice USA (NYSE:ATUS)

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