Equities researchers at Societe Generale initiated coverage on shares of Altice USA (NYSE:ATUS) in a report issued on Wednesday. The brokerage set a “buy” rating on the stock.

A number of other research analysts have also recently commented on the company. Pivotal Research dropped their price target on Altice USA from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, December 6th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $25.00 price target (down previously from $34.00) on shares of Altice USA in a research report on Monday, November 6th. Royal Bank of Canada dropped their price target on Altice USA from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 price target (up previously from $31.00) on shares of Altice USA in a research report on Wednesday, August 23rd. Finally, Goldman Sachs Group raised Altice USA from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $31.71.

Altice USA (NYSE ATUS) opened at $19.47 on Wednesday. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 6.82. Altice USA has a 1 year low of $17.80 and a 1 year high of $35.29.

Institutional investors and hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC purchased a new stake in Altice USA during the 2nd quarter worth about $12,436,000. TD Asset Management Inc. purchased a new stake in Altice USA during the 2nd quarter worth about $656,000. JPMorgan Chase & Co. purchased a new stake in Altice USA during the 2nd quarter worth about $4,329,000. Macquarie Group Ltd. purchased a new stake in Altice USA during the 2nd quarter worth about $877,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Altice USA during the 2nd quarter worth about $14,162,000. 13.23% of the stock is currently owned by institutional investors and hedge funds.

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Altice USA Company Profile

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 (NYSE:ATUS)

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