Societe Generale initiated coverage on shares of Altice USA (NYSE:ATUS) in a research report report published on Wednesday morning, MarketBeat reports. The firm issued a buy rating on the stock.

Several other research analysts also recently issued reports on the stock. Barclays set a $22.00 target price on shares of Altice USA and gave the stock a hold rating in a research note on Wednesday, December 6th. Pivotal Research dropped their target price on shares of Altice USA from $30.00 to $25.00 and set a buy rating on the stock in a research note on Wednesday, December 6th. Morgan Stanley dropped their target price on shares of Altice USA from $32.00 to $25.00 and set an equal weight rating on the stock in a research note on Tuesday, November 14th. Royal Bank of Canada dropped their target price on shares of Altice USA from $40.00 to $35.00 and set an outperform rating on the stock in a research note on Tuesday, November 14th. Finally, Moffett Nathanson upgraded shares of Altice USA from a neutral rating to a buy rating in a research note on Friday, November 10th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Altice USA currently has an average rating of Buy and a consensus target price of $31.71.

Altice USA (NYSE:ATUS) opened at $19.03 on Wednesday. Altice USA has a 52 week low of $17.80 and a 52 week high of $35.29. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 6.82.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATUS. Sei Investments Co. purchased a new position in shares of Altice USA during the second quarter valued at approximately $4,370,000. TD Asset Management Inc. purchased a new position in shares of Altice USA during the second quarter valued at approximately $656,000. LMR Partners LLP purchased a new position in shares of Altice USA during the second quarter valued at approximately $1,776,000. SG Americas Securities LLC purchased a new position in shares of Altice USA during the second quarter valued at approximately $666,000. Finally, Neuberger Berman Group LLC purchased a new position in shares of Altice USA during the second quarter valued at approximately $366,000. 13.23% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Altice USA (NYSE:ATUS)

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