Brokerages Set Altice USA Inc (ATUS) PT at $32.00
Shares of Altice USA Inc (NYSE:ATUS) have received an average recommendation of “Buy” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $32.00.
Several equities analysts have weighed in on ATUS shares. Moffett Nathanson started coverage on Altice USA in a report on Tuesday, October 10th. They set a “neutral” rating and a $28.00 price target for the company. Barclays set a $22.00 price target on Altice USA and gave the company a “hold” rating in a report on Wednesday, December 6th. Deutsche Bank restated a “buy” rating and set a $35.00 price target on shares of Altice USA in a report on Monday, November 6th. Atlantic Securities started coverage on Altice USA in a report on Tuesday, October 31st. They set an “overweight” rating and a $32.00 price target for the company. Finally, Guggenheim restated a “neutral” rating and set a $31.00 price target on shares of Altice USA in a report on Friday, September 15th.
Altice USA (NYSE ATUS) traded down $0.44 during midday trading on Thursday, reaching $19.03. The company’s stock had a trading volume of 6,614,360 shares, compared to its average volume of 2,080,334. 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 fifty-two week low of $17.80 and a fifty-two week high of $35.29.
Institutional investors have recently made changes to their positions in the company. Columbus Hill Capital Management L.P. purchased a new position in shares of Altice USA in the 2nd quarter worth approximately $162,000. Stifel Financial Corp purchased a new position in shares of Altice USA in the 3rd quarter worth approximately $224,000. Atlantic Trust Group LLC purchased a new position in shares of Altice USA in the 2nd quarter worth approximately $323,000. Neuberger Berman Group LLC purchased a new position in shares of Altice USA in the 2nd quarter worth approximately $366,000. Finally, BT Investment Management Ltd purchased a new position in shares of Altice USA in the 2nd quarter worth approximately $593,000. Hedge funds and other institutional investors own 13.23% of the company’s stock.
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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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