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

Altice USA, Inc. (NYSE:ATUS) has received a consensus rating of “Reduce” from the eleven analysts that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $2.12.

Several equities analysts have recently commented on the company. UBS Group downgraded Altice USA from a “buy” rating to a “neutral” rating and decreased their target price for the company from $4.00 to $2.00 in a research report on Friday, August 2nd. TD Cowen decreased their price objective on Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Altice USA Price Performance

ATUS stock opened at $2.71 on Tuesday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -7.31, a price-to-earnings-growth ratio of 51.37 and a beta of 1.52. The company has a fifty day moving average price of $2.34 and a two-hundred day moving average price of $2.14. Altice USA has a one year low of $1.52 and a one year high of $3.66.

Altice USA (NYSE:ATUS) last announced its earnings results on Monday, November 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.13). The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $2.24 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. Research analysts anticipate that Altice USA will post 0.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Alt S.A.R.L. Next sold 805,227 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $24.50, for a total value of $19,728,061.50. Following the completion of the transaction, the director now owns 38,055,771 shares of the company’s stock, valued at $932,366,389.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 4,026,135 shares of company stock worth $98,640,308 in the last 90 days. Company insiders own 52.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC acquired a new position in Altice USA during the second quarter worth about $25,000. Headlands Technologies LLC acquired a new position in Altice USA during the 1st quarter worth approximately $46,000. US Bancorp DE lifted its stake in Altice USA by 30.2% in the 3rd quarter. US Bancorp DE now owns 21,530 shares of the company’s stock valued at $53,000 after purchasing an additional 5,000 shares during the last quarter. Alpine Global Management LLC bought a new position in Altice USA in the 1st quarter valued at approximately $65,000. Finally, Swedbank AB acquired a new stake in Altice USA in the first quarter valued at approximately $66,000. 54.85% of the stock is owned by institutional investors.

Altice USA Company Profile

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.