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

Altice USA, Inc. (NYSE:ATUS - Get Free Report) has received an average rating of "Hold" from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $2.88.

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Altice USA from $2.00 to $2.25 and gave the company a "sell" rating in a research report on Friday, May 9th. Barclays increased their price target on shares of Altice USA from $2.00 to $3.00 and gave the company 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 stock. Empyrean Capital Partners LP increased its stake in shares of Altice USA by 785.0% in the fourth quarter. Empyrean Capital Partners LP now owns 17,700,000 shares of the company's stock worth $42,657,000 after buying an additional 15,700,000 shares during the period. HG Vora Capital Management LLC purchased a new position in shares of Altice USA in the first quarter worth $12,502,000. JPMorgan Chase & Co. increased its stake in shares of 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. Deutsche Bank AG increased its stake in shares of Altice USA by 33.9% in the first quarter. Deutsche Bank AG now owns 12,761,956 shares of the company's stock worth $33,947,000 after buying an additional 3,231,838 shares during the period. Finally, Bracebridge Capital LLC increased its stake in shares of Altice USA by 35.5% in the fourth quarter. Bracebridge Capital LLC now owns 8,854,977 shares of the company's stock worth $21,340,000 after buying an additional 2,322,337 shares during the period. 54.85% of the stock is owned by hedge funds and other institutional investors.

Altice USA Stock Up 3.8%

ATUS stock traded up $0.11 during midday trading on Friday, reaching $2.89. 5,081,614 shares of the company's stock traded hands, compared to its average volume of 3,637,058. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -8.49 and a beta of 1.58. The firm's fifty day moving average price is $2.34 and its 200-day moving average price is $2.52. Altice USA has a 52 week low of $1.52 and a 52 week high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last announced its quarterly 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 business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. The company's quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.05) EPS. Analysts forecast that Altice USA will post -0.24 earnings per share 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.