Altice USA, Inc. (ATUS) Receives Average Recommendation of “Buy” from Analysts

Altice USA, Inc. (NYSE:ATUS) has been assigned an average recommendation of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $33.77.

ATUS has been the topic of a number of recent analyst reports. Wells Fargo & Company initiated coverage on shares of Altice USA in a research note on Wednesday, July 26th. They set a “market perform” rating and a $34.00 target price on the stock. Pivotal Research restated a “buy” rating and set a $38.00 target price on shares of Altice USA in a research note on Tuesday, August 8th. Morgan Stanley restated an “equal weight” rating and set a $32.00 target price (up previously from $31.00) on shares of Altice USA in a research note on Wednesday, August 23rd. Guggenheim restated a “neutral” rating and set a $31.00 target price on shares of Altice USA in a research note on Friday, September 15th. Finally, Moffett Nathanson began coverage on shares of Altice USA in a research note on Tuesday, October 10th. They set a “neutral” rating and a $28.00 target price on the stock.

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Shares of Altice USA (NYSE:ATUS) opened at $19.86 on Friday. Altice USA has a one year low of $18.73 and a one year high of $35.29. The company has a debt-to-equity ratio of 6.82, a current ratio of 0.32 and a quick ratio of 0.32.

A number of hedge funds and other institutional investors have recently bought and sold shares of ATUS. Columbus Hill Capital Management L.P. purchased a new position in Altice USA during the second quarter worth $162,000. Stifel Financial Corp purchased a new position in Altice USA during the third quarter worth $224,000. Atlantic Trust Group LLC purchased a new position in Altice USA during the second quarter worth $323,000. Neuberger Berman Group LLC purchased a new stake in shares of Altice USA during the second quarter valued at $366,000. Finally, BT Investment Management Ltd purchased a new stake in shares of Altice USA during the second quarter valued at $593,000. 13.88% of the stock is owned by institutional investors.

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 (NYSE:ATUS)

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