Raymond James upgraded shares of Altice USA (NYSE:ATUS - Free Report) from a market perform rating to an outperform rating in a research note published on Tuesday morning, MarketBeat.com reports. Raymond James currently has $3.50 target price on the stock.
Several other equities analysts have also issued reports on the company. Citigroup boosted their target price on Altice USA from $2.50 to $3.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. TD Cowen decreased 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. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $2.41.
Check Out Our Latest Report on ATUS
Altice USA Price Performance
Shares of Altice USA stock traded down $0.02 during trading on Tuesday, hitting $2.76. 2,868,566 shares of the company were exchanged, compared to its average volume of 3,215,837. The firm has a market capitalization of $1.27 billion, a P/E ratio of -11.98 and a beta of 1.52. Altice USA has a 1-year low of $1.52 and a 1-year high of $3.20. The firm's fifty day moving average price is $2.68 and its 200 day moving average price is $2.41.
Altice USA (NYSE:ATUS - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). As a group, equities research analysts anticipate that Altice USA will post -0.24 earnings per share for the current year.
Insider Buying and Selling at Altice USA
In other Altice USA news, Director Alt S.A.R.L. Next sold 805,230 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $24.50, for a total value of $19,728,135.00. Following the sale, the director now owns 6,651,882 shares in the company, valued at approximately $162,971,109. The trade was a 10.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last quarter, insiders have sold 8,052,288 shares of company stock worth $197,281,056. Corporate insiders own 52.90% of the company's stock.
Institutional Investors Weigh In On Altice USA
Institutional investors have recently bought and sold shares of the company. Wolverine Trading LLC bought a new stake in Altice USA in the 3rd quarter valued at approximately $39,000. Point72 Asset Management L.P. lifted its stake in Altice USA by 487.3% in the 3rd quarter. Point72 Asset Management L.P. now owns 880,985 shares of the company's stock valued at $2,167,000 after acquiring an additional 730,985 shares in the last quarter. Algert Global LLC lifted its stake in Altice USA by 101.3% in the 3rd quarter. Algert Global LLC now owns 639,005 shares of the company's stock valued at $1,572,000 after acquiring an additional 321,618 shares in the last quarter. Barclays PLC lifted its stake in 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 in the last quarter. Finally, LMR Partners LLP lifted its stake in Altice USA by 217.5% in the 3rd quarter. LMR Partners LLP now owns 3,000,000 shares of the company's stock valued at $7,380,000 after acquiring an additional 2,055,000 shares in the last quarter. Institutional investors own 54.85% of the company's stock.
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
