Shares of Altice USA, Inc. (NYSE:ATUS – Get Free Report) have been given an average rating of “Reduce” by the ten research firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $1.97.
Several brokerages recently commented on ATUS. The Goldman Sachs Group began coverage on shares of Altice USA in a research report on Monday, July 1st. They set a “sell” rating and a $2.00 price objective on the stock. Evercore ISI cut their price objective on shares of Altice USA from $3.00 to $2.00 and set an “in-line” rating on the stock in a research report on Tuesday, July 2nd. Finally, UBS Group downgraded shares of Altice USA from a “buy” rating to a “neutral” rating and dropped their price target for the company from $4.00 to $2.00 in a report on Friday, August 2nd.
Check Out Our Latest Stock Report on ATUS
Hedge Funds Weigh In On Altice USA
Altice USA Stock Performance
Shares of ATUS stock opened at $2.19 on Monday. Altice USA has a one year low of $1.52 and a one year high of $3.66. The company’s 50-day moving average is $1.86 and its 200 day moving average is $2.13. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 219.00, a price-to-earnings-growth ratio of 2.49 and a beta of 1.51.
Altice USA (NYSE:ATUS – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). Altice USA had a negative net margin of 0.62% and a negative return on equity of 1.54%. The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, research analysts predict that Altice USA will post 0.1 earnings per share 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.
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