Altice USA Inc (ATUS) Price Target Cut to $25.00

Altice USA Inc (NASDAQ:ATUS) had its price target cut by stock analysts at Morgan Stanley from $32.00 to $25.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target points to a potential upside of 26.52% from the company’s current price.

Several other equities analysts have also weighed in on ATUS. Royal Bank Of Canada initiated coverage on shares of Altice USA in a report on Monday, July 17th. They set an “outperform” rating and a $40.00 price objective on the stock. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Altice USA in a report on Monday, July 17th. They set a “neutral” rating and a $33.00 price objective on the stock. Barclays PLC initiated coverage on shares of Altice USA in a report on Monday, July 17th. They set an “equal weight” rating and a $32.00 price objective on the stock. J P Morgan Chase & Co initiated coverage on shares of Altice USA in a report on Monday, July 17th. They set an “overweight” rating and a $39.00 price objective on the stock. Finally, Bank of America Corporation initiated coverage on shares of Altice USA in a report on Monday, July 17th. They set a “neutral” rating and a $36.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $33.36.

Altice USA (NASDAQ ATUS) traded down $1.34 during mid-day trading on Tuesday, reaching $19.76. 564,532 shares of the company traded hands, compared to its average volume of 1,780,000. Altice USA has a 1-year low of $20.66 and a 1-year high of $35.29.

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Several large investors have recently bought and sold shares of ATUS. Pelham Capital Ltd. bought a new stake in shares of Altice USA during the second quarter worth about $53,295,000. Coronation Fund Managers Ltd. bought a new stake in shares of Altice USA during the second quarter worth about $780,000. Egerton Capital UK LLP bought a new stake in shares of Altice USA during the second quarter worth about $64,600,000. Sei Investments Co. bought a new stake in shares of Altice USA during the second quarter worth about $4,370,000. Finally, TD Asset Management Inc. bought a new stake in shares of Altice USA during the second quarter worth about $656,000.

Altice USA Company Profile

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 (NASDAQ:ATUS)

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