Altice USA (NYSE:ATUS - Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.06), Briefing.com reports. Altice USA had a net margin of 0.58% and a negative return on equity of 12.81%. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the firm posted $0.06 earnings per share. The company's revenue was down 1.9% compared to the same quarter last year.
Altice USA Stock Performance
NYSE ATUS traded down $0.07 on Friday, hitting $1.98. 8,788,665 shares of the stock were exchanged, compared to its average volume of 3,974,680. Altice USA has a 52-week low of $1.75 and a 52-week high of $3.82. The firm has a market capitalization of $903.12 million, a P/E ratio of 16.50 and a beta of 1.38. The stock has a fifty day moving average price of $2.42 and a two-hundred day moving average price of $2.47.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on ATUS. UBS Group dropped their price target on shares of Altice USA from $6.00 to $4.00 and set a "buy" rating for the company in a research report on Thursday, February 15th. Wells Fargo & Company cut Altice USA from an "equal weight" rating to an "underweight" rating and reduced their target price for the stock from $2.00 to $1.00 in a report on Friday, April 5th. Benchmark reissued a "buy" rating and set a $5.00 price target on shares of Altice USA in a research note on Wednesday, March 20th. Loop Capital cut their price target on Altice USA from $3.00 to $2.00 and set a "hold" rating for the company in a report on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Altice USA in a report on Thursday, April 11th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Altice USA currently has a consensus rating of "Hold" and an average price target of $2.68.
Read Our Latest Stock Report on Altice USA
About Altice USA
(
Get Free Report)
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.
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