Altice USA (NYSE:ATUS) Research Coverage Started at Bank of America

Bank of America began coverage on shares of Altice USA (NYSE:ATUS - Free Report) in a research report report published on Wednesday morning, StockNewsAPI reports. The firm issued an underperform rating and a $1.50 price target on the stock.

A number of other equities analysts have also recently issued reports on ATUS. Evercore ISI reissued an in-line rating and issued a $3.00 target price on shares of Altice USA in a report on Tuesday, March 26th. UBS Group cut their price target on Altice USA from $6.00 to $4.00 and set a buy rating on the stock in a report on Thursday, February 15th. Wells Fargo & Company cut Altice USA from an equal weight rating to an underweight rating and cut their price target for the company from $2.00 to $1.00 in a report on Friday, April 5th. JPMorgan Chase & Co. reaffirmed an underweight rating on shares of Altice USA in a report on Thursday, April 11th. Finally, BNP Paribas lowered shares of Altice USA from a neutral rating to an underperform rating and set a $1.00 price objective on the stock. in a research note on Tuesday, April 9th. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $2.68.

Altice USA Price Performance

NYSE:ATUS traded up $0.05 during mid-day trading on Wednesday, reaching $1.96. The stock had a trading volume of 2,328,146 shares, compared to its average volume of 4,044,471. The company has a market capitalization of $894.00 million, a price-to-earnings ratio of 16.33 and a beta of 1.35. Altice USA has a 1-year low of $1.75 and a 1-year high of $3.82. The stock's 50 day simple moving average is $2.42 and its two-hundred day simple moving average is $2.51.

Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.26) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.33). The firm had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.29 billion. Altice USA had a negative return on equity of 12.81% and a net margin of 0.58%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.43) earnings per share. Sell-side analysts anticipate that Altice USA will post 0.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Altice USA

Institutional investors have recently modified their holdings of the stock. Montag A & Associates Inc. acquired a new stake in shares of Altice USA during the 4th quarter valued at $32,000. Sherbrooke Park Advisers LLC acquired a new stake in shares of Altice USA in the 3rd quarter valued at $37,000. Quadrature Capital Ltd acquired a new stake in shares of Altice USA in the 4th quarter valued at $47,000. Aigen Investment Management LP acquired a new stake in shares of Altice USA in the 3rd quarter valued at $72,000. Finally, Jump Financial LLC acquired a new stake in shares of Altice USA in the 4th quarter valued at $84,000. Institutional investors and hedge funds own 54.85% of the company's stock.

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.