Altice USA, Inc. (NYSE:ATUS - Get Free Report)'s stock price fell 3.2% during mid-day trading on Wednesday . The stock traded as low as $2.63 and last traded at $2.61. 299,094 shares were traded during mid-day trading, a decline of 90% from the average session volume of 2,877,825 shares. The stock had previously closed at $2.69.
Analyst Ratings Changes
Several research firms have recently commented on ATUS. Raymond James upgraded Altice USA from a "market perform" rating to an "outperform" rating and set a $3.50 price objective for the company in a report on Tuesday, February 18th. Citigroup lifted their price target on shares of Altice USA from $2.50 to $3.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Altice USA presently has a consensus rating of "Hold" and an average price target of $2.28.
Read Our Latest Stock Report on ATUS
Altice USA Stock Performance
The company's 50 day moving average price is $2.71 and its 200-day moving average price is $2.58. The stock has a market cap of $1.07 billion, a P/E ratio of -10.02 and a beta of 1.64.
Altice USA (NYSE:ATUS - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.16). On average, analysts forecast that Altice USA, Inc. will post -0.24 earnings per share for the current fiscal year.
Institutional Trading of Altice USA
A number of hedge funds have recently bought and sold shares of ATUS. LPL Financial LLC bought a new stake in shares of Altice USA during the 4th quarter worth $25,000. Quadrature Capital Ltd purchased a new position in Altice USA in the third quarter valued at about $27,000. Raymond James Financial Inc. bought a new position in shares of Altice USA during the 4th quarter valued at approximately $30,000. Wolverine Trading LLC purchased a new stake in shares of Altice USA during the 3rd quarter worth approximately $39,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Altice USA in the 4th quarter worth approximately $43,000. 54.85% of the stock is currently owned by institutional investors.
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.
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