Altice USA, Inc. (NYSE:ATUS) Receives $2.44 Consensus Target Price from Brokerages

Altice USA, Inc. (NYSE:ATUS) has been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $2.44.

Separately, Raymond James raised Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 target price for the company in a research report on Tuesday, February 18th.

Altice USA Stock Up 4.3 %

Shares of ATUS stock opened at $2.32 on Friday. Altice USA has a fifty-two week low of $1.52 and a fifty-two week high of $3.20. The firm’s 50 day moving average price is $2.64 and its two-hundred day moving average price is $2.58. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -10.06 and a beta of 1.65.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp increased its holdings in Altice USA by 390.0% during the 4th quarter. Mackenzie Financial Corp now owns 184,075 shares of the company’s stock worth $444,000 after purchasing an additional 146,505 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Altice USA by 29.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 636,672 shares of the company’s stock worth $1,534,000 after buying an additional 145,046 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Altice USA in the fourth quarter worth $668,000. Two Sigma Advisers LP raised its holdings in Altice USA by 129.8% in the fourth quarter. Two Sigma Advisers LP now owns 1,128,251 shares of the company’s stock valued at $2,719,000 after acquiring an additional 637,300 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Altice USA by 82.7% during the 4th quarter. Two Sigma Investments LP now owns 2,861,033 shares of the company’s stock valued at $6,895,000 after acquiring an additional 1,294,782 shares during the last quarter. Institutional investors and hedge funds own 54.85% of the company’s stock.

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.