Altice USA (ATUS) Earns News Impact Score of 0.15
News articles about Altice USA (NASDAQ:ATUS) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Altice USA earned a news impact score of 0.15 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.4442582860642 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Comparing CenturyLink (CTL) and Altice USA (ATUS) (americanbankingnews.com)
- Guggenheim Reaffirms “Neutral” Rating for Altice USA Inc (ATUS) (americanbankingnews.com)
- Altice USA Celebrates Hispanic Heritage Month with Launch of Student Essay Contest (finance.yahoo.com)
- Analyzing Altice USA (ATUS) and Frontier Communications Corporation (FTR) (americanbankingnews.com)
- Altice says open-minded about cable M&A (finance.yahoo.com)
Altice USA (NASDAQ:ATUS) traded down 7.39% during midday trading on Friday, reaching $27.30. 5,102,323 shares of the company traded hands. The firm’s 50 day moving average price is $30.77 and its 200 day moving average price is $31.35. Altice USA has a 12 month low of $27.27 and a 12 month high of $35.29. The firm’s market capitalization is $20.12 billion.
Several equities research analysts recently weighed in on the stock. Pivotal Research assumed coverage on shares of Altice USA in a research note on Thursday, June 22nd. They set a “buy” rating and a $38.00 price objective on the stock. Guggenheim assumed coverage on shares of Altice USA in a research note on Wednesday, July 12th. They set a “buy” rating and a $38.00 price objective on the stock. Royal Bank Of Canada assumed coverage on shares of Altice USA in a research note on Monday, July 17th. They set an “outperform” rating and a $40.00 price objective on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Altice USA in a research note on Monday, July 17th. They set a “neutral” rating and a $33.00 price objective on the stock. Finally, Barclays PLC assumed coverage on shares of Altice USA in a research note on Monday, July 17th. They set an “equal weight” rating and a $32.00 price objective on the stock. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Altice USA currently has an average rating of “Buy” and a consensus target price of $35.92.
In other Altice USA news, major shareholder Bc European Capital Ix Ltd sold 36,197,360 shares of the business’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of $29.01, for a total value of $1,050,085,413.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Victoria Mink purchased 1,000 shares of Altice USA stock in a transaction on Tuesday, June 27th. The stock was purchased at an average price of $30.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the senior vice president now owns 37,502 shares of the company’s stock, valued at $1,125,060. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 74,000 shares of company stock worth $2,220,000.
About Altice USA
Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.
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