Weiss Ratings Reaffirms “Sell (D-)” Rating for Altice USA (NYSE:ATUS)

Altice USA (NYSE:ATUS)‘s stock had its “sell (d-)” rating restated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Separately, The Goldman Sachs Group started coverage on shares of Altice USA in a research report on Tuesday, September 2nd. They set a “sell” rating and a $2.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $3.00.

Altice USA Stock Performance

Shares of ATUS opened at $2.60 on Wednesday. Altice USA has a 52 week low of $1.95 and a 52 week high of $3.20. The firm has a market cap of $1.22 billion, a P/E ratio of -4.48 and a beta of 1.59. The firm’s 50-day simple moving average is $2.40 and its 200 day simple moving average is $2.41.

Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the business posted $0.03 EPS. The business’s revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts forecast that Altice USA will post -0.24 earnings per share for the current year.

Institutional Trading of Altice USA

A number of institutional investors and hedge funds have recently made changes to their positions in ATUS. DoubleLine ETF Adviser LP bought a new stake in shares of Altice USA during the 1st quarter worth approximately $29,000. May Hill Capital LLC bought a new stake in shares of Altice USA during the 2nd quarter worth approximately $29,000. R Squared Ltd lifted its holdings in shares of Altice USA by 56.0% during the 1st quarter. R Squared Ltd now owns 15,490 shares of the company’s stock worth $41,000 after acquiring an additional 5,560 shares during the period. CWM LLC lifted its holdings in shares of Altice USA by 251.5% during the 2nd quarter. CWM LLC now owns 22,280 shares of the company’s stock worth $48,000 after acquiring an additional 15,941 shares during the period. Finally, Savant Capital LLC bought a new stake in shares of Altice USA during the 2nd quarter worth approximately $57,000. Institutional investors own 54.85% of the company’s stock.

Altice USA Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.