Somewhat Favorable News Coverage Somewhat Unlikely to Affect Altice USA (ATUS) Stock Price
News headlines about Altice USA (NYSE:ATUS) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altice USA earned a news impact score of 0.13 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.4791654050846 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern’s rankings:
- Investigation for Investors in shares of Altice USA Inc (NYSE:ATUS) announced (openpr.com)
- Altice USA Inc (ATUS) Short Interest Up 17.0% in February (americanbankingnews.com)
- Goldman Sachs Group Initiates Coverage on Altice USA (ATUS) (americanbankingnews.com)
- Pre-Open Movers 03/13: (PTI) (ATHX) (ATUS) Higher; (ADXS) (DKS) (QCOM) Lower (more…) (streetinsider.com)
- Altice USA rises as Goldman Sachs adds cable and broadband provider to its conviction list (proactiveinvestors.co.uk)
A number of equities research analysts have commented on ATUS shares. 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 reiterated a “buy” rating and set a $28.00 price objective on shares of Altice USA in a research report on Friday, March 9th. Societe Generale initiated coverage on shares of Altice USA in a research report on Wednesday, December 13th. They set a “buy” rating on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price objective (up previously from $31.00) on shares of Altice USA in a research report on Tuesday, March 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Altice USA from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 6th. Five analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Altice USA currently has an average rating of “Buy” and an average price target of $30.92.
Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Tuesday, February 27th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. analysts anticipate that Altice USA will post 0.13 earnings per share for the current fiscal year.
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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