Altice USA (NYSE:ATUS) PT Lowered to $15.00

Altice USA (NYSE:ATUSGet Rating) had its price target lowered by analysts at Pivotal Research from $18.00 to $15.00 in a research note issued to investors on Friday, The Fly reports. Pivotal Research’s price target points to a potential upside of 50.75% from the company’s current price.

Several other analysts have also recently commented on ATUS. BNP Paribas upgraded shares of Altice USA from an “underperform” rating to a “neutral” rating and set a $11.00 price objective for the company in a research note on Friday, February 18th. JPMorgan Chase & Co. reduced their price objective on shares of Altice USA from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, February 17th. Moffett Nathanson cut shares of Altice USA from a “buy” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Friday, February 18th. Zacks Investment Research cut shares of Altice USA from a “hold” rating to a “sell” rating and set a $13.00 target price for the company. in a research report on Wednesday, January 19th. Finally, Wells Fargo & Company cut their target price on shares of Altice USA from $19.00 to $16.00 and set an “equal weight” rating for the company in a research report on Thursday, February 17th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Altice USA currently has a consensus rating of “Hold” and a consensus target price of $21.31.

Shares of NYSE:ATUS opened at $9.95 on Friday. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 4.63, a PEG ratio of 0.40 and a beta of 1.12. The firm’s 50-day simple moving average is $11.58 and its 200-day simple moving average is $14.46. Altice USA has a fifty-two week low of $9.77 and a fifty-two week high of $38.19.

Altice USA (NYSE:ATUSGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.11. Altice USA had a net margin of 9.81% and a negative return on equity of 87.01%. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.44 billion. During the same quarter last year, the business earned $0.58 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Altice USA will post 1.33 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in ATUS. Clarkston Capital Partners LLC grew its holdings in Altice USA by 284.7% in the third quarter. Clarkston Capital Partners LLC now owns 13,862,475 shares of the company’s stock valued at $287,230,000 after purchasing an additional 10,258,965 shares during the period. Loomis Sayles & Co. L P purchased a new stake in Altice USA in the fourth quarter valued at approximately $85,330,000. Thompson Siegel & Walmsley LLC purchased a new stake in Altice USA in the fourth quarter valued at approximately $74,751,000. Mount Capital Ltd purchased a new stake in Altice USA in the fourth quarter valued at approximately $53,365,000. Finally, Nut Tree Capital Management LP purchased a new stake in Altice USA in the fourth quarter valued at approximately $48,540,000. Hedge funds and other institutional investors own 50.14% of the company’s stock.

Altice USA Company Profile (Get Rating)

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 approximately five million 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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