Altice USA (NYSE:ATUS) Trading 4.9% Higher - Should You Buy?

Altice USA, Inc. (NYSE:ATUS - Get Free Report)'s share price traded up 4.9% during trading on Monday . The company traded as high as $2.46 and last traded at $2.48. 347,773 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 3,201,898 shares. The stock had previously closed at $2.36.

Wall Street Analysts Forecast Growth

Separately, Raymond James raised shares of Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price target on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Altice USA has a consensus rating of "Hold" and a consensus price target of $2.67.

Altice USA Stock Performance

The company has a market capitalization of $1.14 billion, a PE ratio of -10.70 and a beta of 1.65. The company has a 50 day moving average price of $2.50 and a 200 day moving average price of $2.57.

Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). On average, equities analysts forecast that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.

Institutional Trading of Altice USA

A number of large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Altice USA by 120.3% during the 3rd quarter. Barclays PLC now owns 1,527,424 shares of the company's stock worth $3,756,000 after purchasing an additional 834,030 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Altice USA by 7.7% in the third quarter. Geode Capital Management LLC now owns 2,682,757 shares of the company's stock worth $6,602,000 after acquiring an additional 191,508 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Altice USA by 1,617.7% during the third quarter. JPMorgan Chase & Co. now owns 1,902,834 shares of the company's stock valued at $4,681,000 after buying an additional 1,792,054 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Altice USA by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,462,972 shares of the company's stock worth $3,526,000 after acquiring an additional 60,656 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Altice USA in the 4th quarter valued at $30,000. 54.85% of the stock is currently owned by institutional investors.

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.