Altice USA Inc (NASDAQ:ATUS) fell 0% during mid-day trading on Tuesday after Morgan Stanley lowered their price target on the stock from $32.00 to $25.00. Morgan Stanley currently has an equal weight rating on the stock. Altice USA traded as low as $18.73 and last traded at $19.40. 4,668,545 shares traded hands during mid-day trading, an increase of 161% from the average session volume of 1,790,000 shares. The stock had previously closed at $19.40.

A number of other equities research analysts have also issued reports on ATUS. Goldman Sachs Group, Inc. (The) raised shares of Altice USA from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Tuesday, November 7th. Wells Fargo & Company reissued a “market perform” rating and issued a $25.00 price target (down previously from $34.00) on shares of Altice USA in a report on Monday, November 6th. Deutsche Bank AG reaffirmed a “buy” rating and set a $35.00 target price on shares of Altice USA in a research note on Monday, November 6th. Moffett Nathanson raised shares of Altice USA from a “neutral” rating to a “buy” rating in a research note on Friday. Finally, Royal Bank Of Canada cut their target price on shares of Altice USA from $40.00 to $35.00 and set an “outperform” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Altice USA currently has a consensus rating of “Buy” and a consensus target price of $33.36.

Several institutional investors and hedge funds have recently made changes to their positions in ATUS. Lord Abbett & CO. LLC purchased a new position in Altice USA during the 2nd quarter valued at about $12,436,000. TD Asset Management Inc. purchased a new position in Altice USA during the 2nd quarter valued at about $656,000. JPMorgan Chase & Co. purchased a new position in Altice USA during the 2nd quarter valued at about $4,329,000. Goldman Sachs Group Inc. purchased a new position in Altice USA during the 2nd quarter valued at about $14,162,000. Finally, FMR LLC purchased a new position in Altice USA during the 2nd quarter valued at about $57,079,000.

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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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