Altice USA, Inc. (NYSE:ATUS) Receives $2.44 Average PT from Brokerages

Altice USA, Inc. (NYSE:ATUS - Get Free Report) has been given a consensus rating of "Hold" by the eight brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $2.44.

Separately, Raymond James upgraded Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 target price on the stock in a report on Tuesday, February 18th.

Altice USA Stock Performance

Shares of ATUS stock traded down $0.20 during mid-day trading on Friday, hitting $2.26. 2,719,999 shares of the stock traded hands, compared to its average volume of 3,129,756. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -9.83 and a beta of 1.65. The company's 50-day simple moving average is $2.63 and its 200-day simple moving average is $2.58. Altice USA has a twelve month low of $1.52 and a twelve month high of $3.20.

Altice USA (NYSE:ATUS - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.16). Analysts forecast that Altice USA will post -0.24 earnings per share for the current year.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Swiss National Bank increased its position in Altice USA by 2.0% in the 4th quarter. Swiss National Bank now owns 407,700 shares of the company's stock worth $983,000 after buying an additional 8,000 shares during the period. LPL Financial LLC acquired a new position in shares of Altice USA during the fourth quarter valued at about $25,000. Quadrature Capital Ltd bought a new position in Altice USA during the third quarter valued at about $27,000. Raymond James Financial Inc. acquired a new position in Altice USA in the 4th quarter valued at approximately $30,000. Finally, Geode Capital Management LLC grew its holdings in shares of Altice USA by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 2,695,716 shares of the company's stock worth $6,500,000 after purchasing an additional 12,959 shares in the last quarter. Institutional investors and hedge funds own 54.85% of the company's stock.

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.