Altice USA (NYSE:ATUS - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16), Zacks reports.
Altice USA Stock Up 3.8 %
Shares of Altice USA stock traded up $0.11 during trading on Monday, hitting $2.84. 1,874,438 shares of the stock traded hands, compared to its average volume of 2,911,083. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of -7.66 and a beta of 1.52. Altice USA has a 52 week low of $1.52 and a 52 week high of $3.20. The firm's fifty day moving average is $2.65 and its 200-day moving average is $2.39.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on ATUS shares. TD Cowen decreased their target price 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. Citigroup upped their target price on Altice USA from $2.50 to $3.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Five equities 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. Based on data from MarketBeat.com, Altice USA presently has an average rating of "Hold" and an average target price of $2.30.
Check Out Our Latest Stock Report on ATUS
Insider Activity at Altice USA
In related news, Director Alt S.A.R.L. Next sold 805,227 shares of the stock in a transaction dated Tuesday, November 19th. The stock was 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 directly owns 25,172,139 shares in the company, valued at $616,717,405.50. This represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 8,857,515 shares of company stock worth $217,009,118 in the last ninety days. 52.90% of the stock is owned by company insiders.
About Altice USA
(
Get Free Report)
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.
Featured Articles
Before you consider Altice USA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Altice USA wasn't on the list.
While Altice USA currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
