Altice USA, Inc. (NYSE:ATUS) Receives $2.30 Consensus Target Price from Analysts

Shares of Altice USA, Inc. (NYSE:ATUS - Get Free Report) have earned a consensus rating of "Reduce" from the eleven brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $2.30.

Several equities analysts have issued reports on the company. TD Cowen cut their price objective on Altice USA from $6.00 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Citigroup upped their price target on shares of Altice USA from $2.50 to $3.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th.

Altice USA Trading Up 3.0 %

Shares of Altice USA stock traded up $0.07 during mid-day trading on Wednesday, reaching $2.41. 2,224,033 shares of the stock were exchanged, compared to its average volume of 3,462,127. Altice USA has a fifty-two week low of $1.52 and a fifty-two week high of $3.29. The company has a market cap of $1.11 billion, a price-to-earnings ratio of -6.51 and a beta of 1.53. The firm has a 50-day simple moving average of $2.53 and a 200 day simple moving average of $2.21.

Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.13). The firm had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.24 billion. Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%. The business's quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.15 EPS. On average, research analysts predict that Altice USA will post -0.01 EPS for the current fiscal year.

Insider Buying and Selling at Altice USA

In other Altice USA news, Director Alt S.A.R.L. Next sold 805,227 shares of Altice USA stock in a transaction on Monday, October 28th. The shares were sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the completion of the sale, the director now owns 38,055,771 shares of the company's stock, valued at approximately $932,366,389.50. The trade was a 2.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have sold 15,299,331 shares of company stock worth $374,833,610. Company insiders own 52.90% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ATUS. JPMorgan Chase & Co. lifted its stake in Altice USA by 1,617.7% in the third quarter. JPMorgan Chase & Co. now owns 1,902,834 shares of the company's stock valued at $4,681,000 after buying an additional 1,792,054 shares during the period. Geode Capital Management LLC increased its stake in shares of Altice USA by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,682,757 shares of the company's stock valued at $6,602,000 after acquiring an additional 191,508 shares during the last quarter. Barclays PLC raised its position in shares of Altice USA by 120.3% in the 3rd quarter. Barclays PLC now owns 1,527,424 shares of the company's stock valued at $3,756,000 after acquiring an additional 834,030 shares during the period. XTX Topco Ltd boosted its stake in Altice USA by 476.7% during the 3rd quarter. XTX Topco Ltd now owns 468,969 shares of the company's stock worth $1,154,000 after acquiring an additional 387,655 shares during the last quarter. Finally, Wolverine Trading LLC acquired a new position in Altice USA during the third quarter valued at approximately $39,000. 54.85% of the stock is currently owned by institutional investors.

About Altice USA

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to residential and business customers. The company's video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.