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.
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.
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