Analysts’ Weekly Ratings Updates for Altice USA (ATUS)

Several analysts have recently updated their ratings and price targets for Altice USA (NYSE: ATUS):

  • 5/2/2022 – Altice USA had its price target lowered by analysts at Wells Fargo & Company from $16.00 to $10.00.
  • 4/29/2022 – Altice USA had its price target lowered by analysts at TD Securities from $26.00 to $21.00. They now have a “buy” rating on the stock.
  • 4/29/2022 – Altice USA had its price target lowered by analysts at Benchmark Co. from $21.00 to $19.00.
  • 4/29/2022 – Altice USA had its price target lowered by analysts at JPMorgan Chase & Co. from $18.00 to $14.00.
  • 4/29/2022 – Altice USA had its price target lowered by analysts at Barclays PLC from $17.00 to $12.00.
  • 4/29/2022 – Altice USA had its price target lowered by analysts at Pivotal Research from $18.00 to $15.00.
  • 4/22/2022 – Altice USA had its price target lowered by analysts at Benchmark Co. from $28.00 to $21.00. They now have a “buy” rating on the stock.
  • 4/8/2022 – Altice USA had its price target lowered by analysts at Morgan Stanley from $17.00 to $15.00. They now have an “equal weight” rating on the stock.

Shares of NYSE:ATUS opened at $10.16 on Friday. The stock’s 50-day moving average price is $11.43 and its 200-day moving average price is $14.18. Altice USA, Inc. has a 12-month low of $9.06 and a 12-month high of $38.19. The stock has a market capitalization of $4.62 billion, a P/E ratio of 5.08, a price-to-earnings-growth ratio of 0.30 and a beta of 1.22.

Altice USA (NYSE:ATUSGet Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.11. Altice USA had a negative return on equity of 95.86% and a net margin of 9.10%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.44 billion. During the same period in the previous year, the firm posted $0.58 EPS. The business’s revenue was down 2.3% on a year-over-year basis. As a group, research analysts expect that Altice USA, Inc. will post 1.43 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. purchased a new stake in Altice USA in the 1st quarter worth $2,255,000. Morgan Stanley grew its stake in Altice USA by 68.5% in the 2nd quarter. Morgan Stanley now owns 1,258,882 shares of the company’s stock worth $42,977,000 after acquiring an additional 511,749 shares in the last quarter. Victory Capital Management Inc. grew its stake in Altice USA by 5.1% in the 3rd quarter. Victory Capital Management Inc. now owns 123,184 shares of the company’s stock worth $2,552,000 after acquiring an additional 6,003 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of Altice USA by 190.3% during the third quarter. Deutsche Bank AG now owns 1,231,670 shares of the company’s stock valued at $25,519,000 after purchasing an additional 807,379 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Altice USA by 26.4% during the third quarter. PNC Financial Services Group Inc. now owns 3,247 shares of the company’s stock valued at $67,000 after purchasing an additional 678 shares in the last quarter. 54.30% of the stock is owned by institutional investors and hedge funds.

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.

Recommended Stories

Receive News & Ratings for Altice USA Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altice USA Inc and related companies with MarketBeat.com's FREE daily email newsletter.