Analysts Set Altice USA, Inc. (NYSE:ATUS) Target Price at $2.12

Altice USA, Inc. (NYSE:ATUS - Get Free Report) has been assigned an average rating of "Reduce" from the eleven analysts that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $2.12.

Several research analysts recently commented on ATUS shares. TD Cowen cut their price target on Altice USA from $6.00 to $3.50 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. UBS Group cut Altice USA from a "buy" rating to a "neutral" rating and cut their price target for the stock from $4.00 to $2.00 in a research note on Friday, August 2nd.

Insider Buying and Selling at Altice USA

In other news, Director Alt S.A.R.L. Next sold 805,227 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $24.50, for a total transaction of $19,728,061.50. Following the sale, the director now directly owns 38,055,771 shares in the company, valued at approximately $932,366,389.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 4,026,135 shares of company stock worth $98,640,308 over the last quarter. 52.90% of the stock is owned by corporate insiders.

Institutional Trading of Altice USA

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA grew its holdings in Altice USA by 0.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,669,487 shares of the company's stock worth $11,566,000 after buying an additional 24,501 shares in the last quarter. LMR Partners LLP grew its holdings in Altice USA by 217.5% in the 3rd quarter. LMR Partners LLP now owns 3,000,000 shares of the company's stock worth $7,380,000 after buying an additional 2,055,000 shares in the last quarter. King Street Capital Management L.P. bought a new position in Altice USA in the 2nd quarter worth approximately $5,100,000. Apollo Management Holdings L.P. grew its holdings in Altice USA by 4.6% in the 1st quarter. Apollo Management Holdings L.P. now owns 2,281,533 shares of the company's stock worth $5,955,000 after buying an additional 100,000 shares in the last quarter. Finally, Empyrean Capital Partners LP bought a new position in Altice USA in the 2nd quarter worth approximately $4,080,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Stock Performance

Shares of NYSE:ATUS traded up $0.07 during trading on Tuesday, hitting $2.76. The company's stock had a trading volume of 5,472,270 shares, compared to its average volume of 3,510,073. Altice USA has a fifty-two week low of $1.52 and a fifty-two week high of $3.66. The stock's 50-day moving average price is $2.36 and its two-hundred day moving average price is $2.14. The company has a market capitalization of $1.27 billion, a PE ratio of -7.31, a PEG ratio of 51.37 and a beta of 1.52.

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

Altice USA Company Profile

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.