Altice USA (ATUS) Receiving Somewhat Favorable Press Coverage, Study Finds
News stories about Altice USA (NASDAQ:ATUS) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Altice USA earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.0021443771646 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Altice USA Inc (ATUS) Price Target Cut to $35.00 (americanbankingnews.com)
- [$$] IPOs Roar Back World-Wide, With Asia Driving the Boom (finance.yahoo.com)
- Altice USA Inc (ATUS) Raised to “Buy” at Moffett Nathanson (americanbankingnews.com)
- Contrasting Altice USA (ATUS) & Its Rivals (americanbankingnews.com)
- Altice USA (ATUS) vs. Its Competitors Head to Head Comparison (americanbankingnews.com)
A number of equities research analysts have commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Altice USA from $40.00 to $35.00 and set an “outperform” rating on the stock in a report on Tuesday. Morgan Stanley decreased their price objective on shares of Altice USA from $32.00 to $25.00 and set an “equal weight” rating on the stock in a report on Tuesday. Barclays PLC assumed coverage on shares of Altice USA in a report on Monday, July 17th. They set an “equal weight” rating and a $32.00 price objective on the stock. Bank of America Corporation assumed coverage on shares of Altice USA in a report on Monday, July 17th. They set a “neutral” rating and a $36.00 price objective on the stock. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on shares of Altice USA in a report on Monday, July 17th. They set a “neutral” rating and a $33.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Altice USA presently has an average rating of “Buy” and a consensus target price of $33.36.
Altice USA (NASDAQ ATUS) traded down $1.00 during trading on Tuesday, reaching $20.10. 1,661,056 shares of the company’s stock were exchanged, compared to its average volume of 1,780,000. Altice USA has a 52 week low of $20.66 and a 52 week high of $35.29.
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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