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

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

A number of brokerages recently issued reports on ATUS. The Goldman Sachs Group raised their target price on Altice USA from $2.00 to $2.25 and gave the stock a "sell" rating in a research note on Friday, May 9th. Barclays increased their price objective on Altice USA from $2.00 to $3.00 and gave the company an "equal weight" rating in a report on Friday, May 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATUS. Vanguard Group Inc. raised its stake in shares of Altice USA by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 22,291,467 shares of the company's stock valued at $53,722,000 after buying an additional 208,478 shares during the last quarter. Empyrean Capital Partners LP grew its holdings in Altice USA by 13.6% during the first quarter. Empyrean Capital Partners LP now owns 20,100,000 shares of the company's stock worth $53,466,000 after acquiring an additional 2,400,000 shares during the period. Deutsche Bank AG raised its position in Altice USA by 33.9% during the first quarter. Deutsche Bank AG now owns 12,761,956 shares of the company's stock valued at $33,947,000 after acquiring an additional 3,231,838 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in Altice USA by 13.5% in the fourth quarter. Nomura Holdings Inc. now owns 12,489,861 shares of the company's stock valued at $30,101,000 after acquiring an additional 1,489,300 shares during the period. Finally, Apollo Management Holdings L.P. lifted its holdings in Altice USA by 21.9% in the fourth quarter. Apollo Management Holdings L.P. now owns 12,192,050 shares of the company's stock valued at $29,383,000 after acquiring an additional 2,192,050 shares during the period. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Stock Up 0.2%

Shares of Altice USA stock traded up $0.01 during midday trading on Wednesday, hitting $2.13. The company had a trading volume of 38,331,832 shares, compared to its average volume of 3,554,090. The company has a fifty day simple moving average of $2.33 and a 200 day simple moving average of $2.52. The stock has a market cap of $993.86 million, a price-to-earnings ratio of -6.25 and a beta of 1.61. Altice USA has a 12-month low of $1.52 and a 12-month high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.07). The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same period in the prior year, the company posted ($0.05) earnings per share. The company's revenue was down 4.4% on a year-over-year basis. As a group, analysts expect that Altice USA will post -0.24 EPS for the current 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.