Altice USA Inc (ATUS) Given Average Rating of “Buy” by Brokerages

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Altice USA Inc (NYSE:ATUS) has been assigned an average rating of “Buy” from the twenty-one ratings firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $24.93.

A number of analysts have recently commented on the company. Wolfe Research assumed coverage on Altice USA in a research report on Friday, December 7th. They set an “outperform” rating on the stock. Zacks Investment Research upgraded Altice USA from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, October 15th. Credit Suisse Group lifted their target price on Altice USA from $21.00 to $23.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 6th. UBS Group assumed coverage on Altice USA in a research report on Thursday, November 15th. They set a “buy” rating and a $26.00 target price on the stock. Finally, ValuEngine upgraded Altice USA from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st.

A number of hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its position in Altice USA by 123.5% during the 4th quarter. Bank of Montreal Can now owns 1,647 shares of the company’s stock worth $27,000 after purchasing an additional 910 shares during the period. Athena Capital Advisors LLC acquired a new position in Altice USA during the 4th quarter worth approximately $38,000. First Hawaiian Bank acquired a new position in Altice USA during the 4th quarter worth approximately $132,000. Exane Derivatives increased its position in Altice USA by 26.0% during the 4th quarter. Exane Derivatives now owns 9,927 shares of the company’s stock worth $164,000 after purchasing an additional 2,047 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in Altice USA during the 4th quarter worth approximately $192,000. Hedge funds and other institutional investors own 41.51% of the company’s stock.

ATUS opened at $20.63 on Tuesday. The company has a debt-to-equity ratio of 6.11, a quick ratio of 0.45 and a current ratio of 0.45. Altice USA has a one year low of $14.49 and a one year high of $21.49. The stock has a market cap of $14.91 billion, a PE ratio of 1,031.50 and a beta of 1.07.

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.

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Analyst Recommendations for Altice USA (NYSE:ATUS)

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