Altice USA, Inc. (NYSE:ATUS) Receives $2.41 Consensus Price Target from Analysts

Shares of Altice USA, Inc. (NYSE:ATUS) have been given a consensus rating of “Reduce” by the eleven ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $2.15.

Several brokerages recently commented on ATUS. Citigroup boosted their price target on shares of Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Raymond James raised shares of Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 target price for the company in a report on Tuesday, February 18th.

Insider Activity

In other news, Director Alt S.A.R.L. Next sold 805,230 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $24.50, for a total transaction of $19,728,135.00. Following the transaction, the director now owns 6,651,882 shares of the company’s stock, valued at approximately $162,971,109. The trade was a 10.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 52.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Mackenzie Financial Corp lifted its position in Altice USA by 390.0% in the fourth quarter. Mackenzie Financial Corp now owns 184,075 shares of the company’s stock valued at $444,000 after buying an additional 146,505 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Altice USA by 29.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 636,672 shares of the company’s stock valued at $1,534,000 after buying an additional 145,046 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Altice USA in the fourth quarter valued at about $668,000. Two Sigma Advisers LP lifted its position in Altice USA by 129.8% in the fourth quarter. Two Sigma Advisers LP now owns 1,128,251 shares of the company’s stock valued at $2,719,000 after buying an additional 637,300 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in Altice USA by 82.7% in the fourth quarter. Two Sigma Investments LP now owns 2,861,033 shares of the company’s stock valued at $6,895,000 after buying an additional 1,294,782 shares during the last quarter. Institutional investors and hedge funds own 54.85% of the company’s stock.

Altice USA Stock Performance

Shares of NYSE ATUS opened at $2.56 on Monday. The firm has a market cap of $1.18 billion, a PE ratio of -11.11 and a beta of 1.58. The firm has a fifty day moving average of $2.72 and a 200 day moving average of $2.53. Altice USA has a one year low of $1.52 and a one year high of $3.20.

Altice USA (NYSE:ATUS) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16). On average, equities analysts predict that Altice USA will post -0.24 EPS for the current fiscal year.

About Altice USA

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.