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

Altice USA, Inc. (NYSE:ATUS - Get Free Report) has been given a consensus recommendation of "Hold" by the seven ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $2.75.

ATUS has been the subject of a number of research reports. Raymond James upgraded Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price objective for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group raised their price target on shares of Altice USA from $2.00 to $2.25 and gave the stock a "sell" rating in a report on Friday, May 9th. Finally, Barclays upped their price objective on shares of Altice USA from $2.00 to $3.00 and gave the company an "equal weight" rating in a research note on Friday, May 9th.

Institutional Trading of Altice USA

Institutional investors have recently added to or reduced their stakes in the business. LPL Financial LLC acquired a new stake in shares of Altice USA in the 4th quarter valued at $25,000. DoubleLine ETF Adviser LP bought a new position in shares of Altice USA in the 1st quarter valued at approximately $29,000. Raymond James Financial Inc. acquired a new stake in Altice USA in the 4th quarter worth approximately $30,000. R Squared Ltd boosted its position in Altice USA by 56.0% during the first quarter. R Squared Ltd now owns 15,490 shares of the company's stock worth $41,000 after purchasing an additional 5,560 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Altice USA during the fourth quarter valued at approximately $43,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Stock Performance

Shares of NYSE:ATUS traded down $0.01 during mid-day trading on Friday, hitting $2.33. The stock had a trading volume of 3,086,088 shares, compared to its average volume of 3,324,669. The company's 50 day moving average is $2.46 and its 200-day moving average is $2.57. Altice USA has a 12-month low of $1.52 and a 12-month high of $3.20. The company has a market cap of $1.09 billion, a PE ratio of -10.13 and a beta of 1.65.

Altice USA (NYSE:ATUS - Get Free Report) last released its 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 firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the prior year, the firm earned ($0.05) EPS. The firm's quarterly revenue was down 4.4% on a year-over-year basis. On average, equities research analysts predict that Altice USA will post -0.24 EPS 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.