Stock analysts at Morgan Stanley started coverage on shares of Altice USA (NYSE:ATUS) in a note issued to investors on Thursday, The Fly reports. The brokerage set an “equal weight” rating and a $20.00 price target on the stock. Morgan Stanley’s price objective points to a potential upside of 14.22% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded Altice USA from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. KeyCorp started coverage on Altice USA in a research report on Wednesday, May 16th. They set an “overweight” rating and a $25.00 target price on the stock. Pivotal Research restated a “buy” rating and set a $28.00 target price on shares of Altice USA in a research report on Friday, March 9th. JPMorgan Chase & Co. cut their target price on Altice USA from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 6th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $35.00 target price (up previously from $31.00) on shares of Altice USA in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $28.14.
Shares of ATUS stock opened at $17.51 on Thursday. The stock has a market capitalization of $12.60 billion and a PE ratio of 875.50. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 4.04. Altice USA has a 1-year low of $16.25 and a 1-year high of $35.29.
Altice USA (NYSE:ATUS) last issued its quarterly earnings results on Wednesday, May 9th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.05). The company had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.34 billion. Altice USA had a net margin of 15.69% and a negative return on equity of 6.78%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.12) EPS. research analysts predict that Altice USA will post -0.06 earnings per share for the current year.
A number of large investors have recently made changes to their positions in ATUS. MANA Advisors LLC bought a new position in shares of Altice USA in the fourth quarter valued at approximately $235,000. Gamco Investors INC. ET AL bought a new position in shares of Altice USA in the first quarter valued at approximately $259,000. Virtu Financial LLC bought a new position in shares of Altice USA in the fourth quarter valued at approximately $272,000. Ellington Management Group LLC bought a new position in shares of Altice USA in the fourth quarter valued at approximately $291,000. Finally, Guggenheim Capital LLC bought a new position in shares of Altice USA in the fourth quarter valued at approximately $334,000. Institutional investors and hedge funds own 16.95% 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. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.
Receive News & Ratings for Altice USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altice USA and related companies with MarketBeat.com's FREE daily email newsletter.