Altice USA (NYSE:ATUS) had its target price hoisted by equities research analysts at TD Securities from $23.00 to $24.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 26.38% from the company’s current price.

A number of other research firms have also issued reports on ATUS. Buckingham Research reduced their target price on shares of Altice USA from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, May 23rd. Credit Suisse Group began coverage on shares of Altice USA in a report on Tuesday, July 10th. They issued an “outperform” rating and a $21.00 target price on the stock. Guggenheim upgraded shares of Altice USA from a “neutral” rating to a “buy” rating in a report on Monday, July 9th. They noted that the move was a valuation call. Wells Fargo & Co reduced their target price on shares of Altice USA from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Tuesday, June 12th. Finally, Citigroup reduced their target price on shares of Altice USA from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, August 16th. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $25.98.

Altice USA stock opened at $18.99 on Monday. Altice USA has a 52 week low of $16.25 and a 52 week high of $28.45. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market capitalization of $14.00 billion, a P/E ratio of 954.50 and a beta of 0.63.

Altice USA (NYSE:ATUS) last released its quarterly earnings data on Thursday, August 2nd. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Altice USA had a negative return on equity of 5.44% and a net margin of 19.65%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter in the prior year, the firm earned ($0.73) earnings per share. Altice USA’s quarterly revenue was up 1.8% on a year-over-year basis. analysts forecast that Altice USA will post -0.2 EPS for the current fiscal year.

In other news, VP David Connolly sold 129,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $18.31, for a total transaction of $2,361,990.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Victoria Mink sold 37,502 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $18.99, for a total transaction of $712,162.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 416,502 shares of company stock valued at $7,309,153. Corporate insiders own 2.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tibra Equities Europe Ltd acquired a new position in shares of Altice USA during the 2nd quarter valued at about $11,453,000. Wedge Capital Management L L P NC acquired a new position in shares of Altice USA during the 2nd quarter valued at about $65,879,000. Wells Fargo & Company MN increased its stake in shares of Altice USA by 19.6% during the 1st quarter. Wells Fargo & Company MN now owns 39,236 shares of the company’s stock valued at $725,000 after acquiring an additional 6,441 shares during the last quarter. Conning Inc. acquired a new stake in Altice USA during the 2nd quarter worth approximately $476,000. Finally, CarVal Investors LLC acquired a new stake in Altice USA during the 2nd quarter worth approximately $24,857,000. 37.44% of the stock is owned by institutional investors.

About Altice USA

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

Read More: How Do You Make Money With Penny Stocks?

Analyst Recommendations for Altice USA (NYSE:ATUS)

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.