Altice USA (ATUS) Coverage Initiated at Goldman Sachs Group
Analysts at Goldman Sachs Group began 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 equities research analysts have also recently weighed in on the company. Pivotal Research reaffirmed a “buy” rating and set a $28.00 price target on shares of Altice USA in a report on Friday, March 9th. Zacks Investment Research upgraded shares of Altice USA from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. JPMorgan Chase & Co. lowered their price objective on shares of Altice USA from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price objective (up previously from $31.00) on shares of Altice USA in a research note on Tuesday, March 6th. Finally, Barclays upgraded shares of Altice USA from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $22.00 to $26.00 in a research note on Tuesday, January 23rd. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $30.92.
Altice USA (ATUS) traded down $0.30 on Wednesday, hitting $19.95. The stock had a trading volume of 567,066 shares, compared to its average volume of 2,112,729. The company has a market capitalization of $14,930.00 and a PE ratio of -16.81. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.34 and a current ratio of 0.34. Altice USA has a 52 week low of $17.80 and a 52 week high of $35.29.
A number of institutional investors have recently bought and sold shares of the business. Stifel Financial Corp acquired a new position in Altice USA in the third quarter worth approximately $224,000. OxFORD Asset Management LLP grew its position in Altice USA by 2.9% in the third quarter. OxFORD Asset Management LLP now owns 321,675 shares of the company’s stock worth $8,766,000 after buying an additional 9,175 shares during the last quarter. MANA Advisors LLC acquired a new position in Altice USA in the fourth quarter worth approximately $235,000. Virtu Financial LLC acquired a new position in Altice USA in the fourth quarter worth approximately $272,000. Finally, Ellington Management Group LLC acquired a new position in Altice USA in the fourth quarter worth approximately $291,000. Hedge funds and other institutional investors own 16.08% of the company’s stock.
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.
Receive News & Ratings for Altice USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altice USA and related companies with MarketBeat.com's FREE daily email newsletter.