Guggenheim reiterated their neutral rating on shares of Altice USA Inc (NASDAQ:ATUS) in a report issued on Friday. They currently have a $31.00 price target on the stock.

A number of other brokerages have also weighed in on ATUS. Deutsche Bank AG assumed coverage on shares of Altice USA in a report on Monday, July 17th. They set a buy rating and a $36.00 price objective for the company. BNP Paribas began coverage on shares of Altice USA in a research report on Tuesday, July 18th. They set an outperform rating and a $36.00 target price on the stock. Royal Bank Of Canada began coverage on shares of Altice USA in a research report on Monday, July 17th. They set an outperform rating and a $40.00 target price on the stock. Morgan Stanley began coverage on shares of Altice USA in a research report on Monday, July 17th. They set an equal weight rating and a $31.00 target price on the stock. Finally, J P Morgan Chase & Co began coverage on shares of Altice USA in a research report on Monday, July 17th. They set an overweight rating and a $39.00 target price on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $35.92.

Shares of Altice USA (ATUS) traded down 7.39% during trading on Friday, hitting $27.30. 5,102,323 shares of the company traded hands. The company has a 50 day moving average price of $30.77 and a 200 day moving average price of $31.35. The company’s market capitalization is $20.12 billion. Altice USA has a 52 week low of $27.27 and a 52 week high of $35.29.

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In related news, insider Abdelhakim Boubazine bought 65,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were bought at an average price of $30.00 per share, with a total value of $1,950,000.00. Following the transaction, the insider now owns 937,544 shares in the company, valued at $28,126,320. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark Mullen bought 5,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were bought at an average cost of $30.00 per share, for a total transaction of $150,000.00. Following the transaction, the director now owns 5,000 shares in the company, valued at approximately $150,000. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 74,000 shares of company stock worth $2,220,000.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Columbus Hill Capital Management L.P. acquired a new stake in Altice USA during the 2nd quarter valued at approximately $162,000. Atlantic Trust Group LLC acquired a new stake in Altice USA during the 2nd quarter valued at approximately $323,000. Neuberger Berman Group LLC acquired a new stake in Altice USA during the 2nd quarter valued at approximately $366,000. BT Investment Management Ltd acquired a new stake in Altice USA during the 2nd quarter valued at approximately $593,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Altice USA during the 2nd quarter valued at approximately $607,000.

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.

Analyst Recommendations for Altice USA (NASDAQ:ATUS)

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