Altice USA (NYSE:ATUS) Stock Price Up 4.6%

Altice USA, Inc. (NYSE:ATUS - Get Free Report)'s stock price was up 4.6% during mid-day trading on Monday . The stock traded as high as $2.16 and last traded at $2.15. Approximately 179,129 shares traded hands during trading, a decline of 95% from the average daily volume of 3,935,906 shares. The stock had previously closed at $2.05.

Analyst Upgrades and Downgrades

ATUS has been the subject of a number of research analyst reports. Loop Capital reduced their target price on Altice USA from $3.00 to $2.00 and set a "hold" rating for the company in a report on Tuesday, April 23rd. BNP Paribas downgraded Altice USA from a "neutral" rating to an "underperform" rating and set a $1.00 price objective for the company. in a research note on Tuesday, April 9th. Evercore ISI reaffirmed an "in-line" rating and set a $3.00 target price on shares of Altice USA in a research note on Tuesday, March 26th. Bank of America began coverage on shares of Altice USA in a research report on Wednesday, April 24th. They issued an "underperform" rating and a $1.50 price target for the company. Finally, UBS Group lowered their price objective on shares of Altice USA from $6.00 to $4.00 and set a "buy" rating on the stock in a research report on Thursday, February 15th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $2.68.

Altice USA Stock Performance

The company has a market cap of $971.53 million, a price-to-earnings ratio of 17.88 and a beta of 1.35. The company's 50 day moving average price is $2.41 and its 200 day moving average price is $2.49.

Altice USA (NYSE:ATUS - Get Free Report) last posted its earnings results on Wednesday, February 14th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.33). Altice USA had a negative return on equity of 12.81% and a net margin of 0.58%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the previous year, the company earned ($0.43) earnings per share. The company's quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Altice USA, Inc. will post 0.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Altice USA

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Montag A & Associates Inc. acquired a new stake in shares of Altice USA in the fourth quarter worth $32,000. Sherbrooke Park Advisers LLC acquired a new position in Altice USA during the 3rd quarter worth $37,000. Quadrature Capital Ltd bought a new stake in Altice USA during the fourth quarter valued at about $47,000. Aigen Investment Management LP acquired a new stake in shares of Altice USA in the third quarter valued at about $72,000. Finally, Jump Financial LLC bought a new position in shares of Altice USA in the fourth quarter worth about $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.