Buckingham Research Begins Coverage on Altice USA (ATUS)
Buckingham Research assumed coverage on shares of Altice USA (NYSE:ATUS) in a research report report published on Tuesday morning. The brokerage issued a buy rating and a $30.00 price objective on the stock.
A number of other research analysts have also issued reports on the company. Barclays raised Altice USA from an equal weight rating to an overweight rating and boosted their target price for the company from $22.00 to $26.00 in a report on Tuesday, January 23rd. Societe Generale initiated coverage on Altice USA in a report on Wednesday, December 13th. They issued a buy rating on the stock. Pivotal Research dropped their target price on Altice USA from $30.00 to $25.00 and set a buy rating on the stock in a report on Wednesday, December 6th. Royal Bank of Canada reissued an outperform rating and issued a $35.00 target price (up previously from $31.00) on shares of Altice USA in a report on Tuesday, March 6th. Finally, JPMorgan Chase & Co. dropped their target price on Altice USA from $34.00 to $32.00 and set an overweight rating on the stock in a report on Tuesday, March 6th. Five equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $30.86.
Altice USA (NYSE ATUS) opened at $19.28 on Tuesday. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.34 and a current ratio of 0.34. Altice USA has a twelve month low of $17.80 and a twelve month high of $35.29.
Institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp purchased a new stake in shares of Altice USA in the third quarter valued at approximately $224,000. MANA Advisors LLC purchased a new stake in shares of Altice USA in the fourth quarter valued at approximately $235,000. Virtu Financial LLC purchased a new stake in shares of Altice USA in the fourth quarter valued at approximately $272,000. Ellington Management Group LLC purchased a new stake in shares of Altice USA in the fourth quarter valued at approximately $291,000. Finally, Guggenheim Capital LLC purchased a new stake in Altice USA during the fourth quarter worth $334,000. Hedge funds and other institutional investors own 16.07% of the company’s stock.
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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