Wells Fargo & Company assumed coverage on shares of Altice USA Inc (NASDAQ:ATUS) in a research report released on Wednesday morning, Marketbeat.com reports. The firm issued a market perform rating and a $34.00 price objective on the stock.

Other analysts also recently issued reports about the stock. Deutsche Bank AG started coverage on shares of Altice USA in a research note on Monday, July 17th. They set a buy rating and a $36.00 target price on the stock. Citigroup Inc. started coverage on shares of Altice USA in a research note on Monday, July 17th. They set a buy rating and a $44.00 target price on the stock. Guggenheim started coverage on shares of Altice USA in a research note on Wednesday, July 12th. They set a buy rating and a $38.00 target price on the stock. Pivotal Research started coverage on shares of Altice USA in a research note on Thursday, June 22nd. They set a buy rating and a $38.00 target price on the stock. Finally, Barclays PLC started coverage on shares of Altice USA in a research note on Monday, July 17th. They set an equal weight rating and a $32.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $36.42.

Shares of Altice USA (NASDAQ ATUS) opened at 32.57 on Wednesday. The stock’s 50 day moving average price is $32.17 and its 200 day moving average price is $32.17. Altice USA has a 12-month low of $30.66 and a 12-month high of $35.29. The firm’s market cap is $8.04 billion.

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In other news, major shareholder Bc European Capital Ix Ltd sold 36,197,360 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $29.01, for a total value of $1,050,085,413.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark Mullen purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, June 27th. The stock was bought at an average cost of $30.00 per share, for a total transaction of $150,000.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $150,000. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 74,000 shares of company stock worth $2,220,000.

Several institutional investors have recently bought and sold shares of ATUS. Egerton Capital UK LLP bought a new position in Altice USA during the second quarter worth $64,600,000. Pelham Capital Ltd. bought a new position in Altice USA during the second quarter worth $53,295,000. Finally, Coronation Fund Managers Ltd. bought a new position in Altice USA during the second quarter worth $780,000.

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 (NASDAQ:ATUS)

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