Altice USA, Inc. (NYSE:ATUS) Given Average Recommendation of "Hold" by Analysts

Shares of Altice USA, Inc. (NYSE:ATUS - Get Free Report) have earned an average recommendation of "Hold" from the seven research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $2.75.

Several research analysts have recently commented on ATUS shares. The Goldman Sachs Group lifted their price objective on Altice USA from $2.00 to $2.25 and gave the stock a "sell" rating in a report on Friday, May 9th. Barclays raised their price target on Altice USA from $2.00 to $3.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th.

Institutional Investors Weigh In On Altice USA

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its holdings in Altice USA by 238.7% in the fourth quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company's stock worth $15,531,000 after buying an additional 4,541,359 shares during the period. Geode Capital Management LLC boosted its stake in Altice USA by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,695,716 shares of the company's stock valued at $6,500,000 after purchasing an additional 12,959 shares during the last quarter. Sona Asset Management US LLC boosted its position in shares of Altice USA by 30.0% during the fourth quarter. Sona Asset Management US LLC now owns 3,900,000 shares of the company's stock valued at $9,399,000 after buying an additional 900,000 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Altice USA by 29.5% during the 4th 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 acquiring an additional 145,046 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Altice USA by 2.0% in the fourth quarter. Swiss National Bank now owns 407,700 shares of the company's stock worth $983,000 after purchasing an additional 8,000 shares during the last quarter. Hedge funds and other institutional investors own 54.85% of the company's stock.

Altice USA Stock Performance

Shares of Altice USA stock opened at $2.16 on Wednesday. Altice USA has a 52-week low of $1.52 and a 52-week high of $3.20. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -6.34 and a beta of 1.61. The company has a fifty day moving average of $2.34 and a 200-day moving average of $2.52.

Altice USA (NYSE:ATUS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.07). The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the previous year, the firm posted ($0.05) EPS. The firm's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Altice USA will post -0.24 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.