Moffett Nathanson upgraded shares of Altice USA Inc (NASDAQ:ATUS) from a neutral rating to a buy rating in a research note issued to investors on Friday morning.

A number of other analysts have also recently issued reports on ATUS. Wells Fargo & Company reiterated a market perform rating and set a $25.00 target price (down previously from $34.00) on shares of Altice USA in a report on Monday, November 6th. Goldman Sachs Group, Inc. (The) upgraded Altice USA from a neutral rating to a buy rating and set a $31.00 target price for the company in a report on Tuesday. Deutsche Bank AG restated a buy rating and issued a $35.00 price target on shares of Altice USA in a report on Monday, November 6th. Morgan Stanley restated an equal weight rating and issued a $32.00 price target (up previously from $31.00) on shares of Altice USA in a report on Wednesday, August 23rd. Finally, Pivotal Research restated a buy rating and issued a $38.00 price target on shares of Altice USA in a report on Tuesday, August 8th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $34.21.

Shares of Altice USA (NASDAQ:ATUS) traded up $0.10 during trading hours on Friday, hitting $21.90. The stock had a trading volume of 2,010,124 shares, compared to its average volume of 1,770,000. Altice USA has a 1-year low of $20.66 and a 1-year high of $35.29.

COPYRIGHT VIOLATION NOTICE: “Altice USA Inc (ATUS) Upgraded to “Buy” at Moffett Nathanson” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.watchlistnews.com/altice-usa-inc-atus-upgraded-to-buy-at-moffett-nathanson/1696476.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in shares of Altice USA in the 2nd quarter valued at approximately $1,296,928,000. Franklin Resources Inc. acquired a new position in shares of Altice USA in the 2nd quarter valued at approximately $69,443,000. Vanguard Group Inc. acquired a new position in shares of Altice USA in the 2nd quarter valued at approximately $67,939,000. Egerton Capital UK LLP acquired a new position in shares of Altice USA in the 2nd quarter valued at approximately $64,600,000. Finally, FMR LLC acquired a new position in shares of Altice USA in the 2nd quarter valued at approximately $57,079,000.

Altice USA Company Profile

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 (NASDAQ:ATUS)

Receive News & Ratings for Altice USA Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altice USA Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.