Altice USA, Inc. (NYSE:ATUS) Given Consensus Rating of "Reduce" by Analysts

Shares of Altice USA, Inc. (NYSE:ATUS - Get Free Report) have received a consensus recommendation of "Reduce" from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $1.97.

Several equities analysts have recently weighed in on ATUS shares. The Goldman Sachs Group initiated coverage on shares of Altice USA in a research note on Monday, July 1st. They issued a "sell" rating and a $2.00 price target on the stock. Evercore ISI lowered their target price on Altice USA from $3.00 to $2.00 and set an "in-line" rating on the stock in a report on Tuesday, July 2nd. Finally, UBS Group cut Altice USA from a "buy" rating to a "neutral" rating and cut their price target for the company from $4.00 to $2.00 in a report on Friday, August 2nd.

Altice USA Trading Up 0.5 %

NYSE:ATUS traded up $0.01 during trading hours on Thursday, hitting $1.86. 695,540 shares of the stock were exchanged, compared to its average volume of 3,539,053. The firm's fifty day moving average price is $1.85 and its 200 day moving average price is $2.17. Altice USA has a 52-week low of $1.52 and a 52-week high of $3.66. The company has a market cap of $855.53 million, a P/E ratio of 186.00, a P/E/G ratio of 0.66 and a beta of 1.48.

Altice USA (NYSE:ATUS - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.05). Altice USA had a negative return on equity of 1.54% and a negative net margin of 0.62%. The firm had revenue of $2.24 billion for the quarter, compared to analysts' expectations of $2.25 billion. During the same quarter in the previous year, the firm posted $0.17 earnings per share. The firm's revenue for the quarter was down 3.6% compared to the same quarter last year. Equities analysts expect that Altice USA will post 0.17 EPS for the current fiscal year.

Institutional Trading of Altice USA

Several institutional investors and hedge funds have recently bought and sold shares of ATUS. Victory Capital Management Inc. raised its position in Altice USA by 38.1% in the fourth quarter. Victory Capital Management Inc. now owns 31,185 shares of the company's stock valued at $101,000 after purchasing an additional 8,600 shares during the period. Segantii Capital Management Ltd purchased a new stake in shares of Altice USA in the 4th quarter valued at $100,000. Montag A & Associates Inc. acquired a new position in Altice USA during the 4th quarter worth about $32,000. Counterpoint Mutual Funds LLC boosted its holdings in Altice USA by 24.2% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 93,240 shares of the company's stock valued at $303,000 after acquiring an additional 18,146 shares during the period. Finally, Thompson Siegel & Walmsley LLC grew its position in Altice USA by 6.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 6,850,472 shares of the company's stock valued at $22,264,000 after acquiring an additional 396,275 shares in the last quarter. 54.85% of the stock is currently owned by hedge funds and other institutional investors.

About Altice USA

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.