Shares of Altice USA Inc (NYSE:ATUS) have been assigned a consensus rating of “Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $32.54.
Several analysts recently issued reports on the company. Barclays raised Altice USA from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $22.00 to $26.00 in a report on Tuesday, January 23rd. Royal Bank of Canada cut their price target on Altice USA from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday, November 14th. Moffett Nathanson assumed coverage on Altice USA in a report on Tuesday, October 10th. They issued a “neutral” rating and a $28.00 price target on the stock. Atlantic Securities assumed coverage on Altice USA in a report on Tuesday, October 31st. They issued an “overweight” rating and a $32.00 price target on the stock. Finally, Pivotal Research reissued a “buy” rating and issued a $28.00 price target on shares of Altice USA in a report on Tuesday, January 9th.
A number of institutional investors have recently made changes to their positions in the business. Pelham Capital Ltd. raised its stake in Altice USA by 54.9% during the 4th quarter. Pelham Capital Ltd. now owns 2,555,474 shares of the company’s stock valued at $54,253,000 after acquiring an additional 905,474 shares in the last quarter. Thornburg Investment Management Inc. increased its position in shares of Altice USA by 15.5% during the 3rd quarter. Thornburg Investment Management Inc. now owns 2,469,626 shares of the company’s stock valued at $67,445,000 after purchasing an additional 332,260 shares during the period. Vanguard Group Inc. acquired a new position in shares of Altice USA during the 2nd quarter valued at $67,939,000. FMR LLC acquired a new position in shares of Altice USA during the 2nd quarter valued at $57,079,000. Finally, Naya Capital Management UK Ltd. acquired a new position in shares of Altice USA during the 2nd quarter valued at $25,972,000. 13.37% of the stock is currently owned by hedge funds and other institutional investors.
Altice USA (NYSE:ATUS) last released its earnings results on Thursday, November 2nd. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.07). research analysts forecast that Altice USA will post -0.83 earnings per share for the current fiscal year.
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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