Altice USA, Inc. (NYSE:ATUS – Get Rating) shares reached a new 52-week low during trading on Thursday . The company traded as low as $8.04 and last traded at $8.15, with a volume of 146650 shares. The stock had previously closed at $9.20.
ATUS has been the topic of a number of research analyst reports. Moffett Nathanson downgraded Altice USA from a “buy” rating to a “neutral” rating and set a $15.00 target price on the stock. in a research report on Friday, February 18th. Pivotal Research decreased their target price on Altice USA from $18.00 to $15.00 in a research report on Friday, April 29th. TD Securities reduced their price objective on Altice USA from $26.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, April 29th. UBS Group reduced their price objective on Altice USA from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, February 17th. Finally, Wells Fargo & Company reduced their price objective on Altice USA from $16.00 to $10.00 in a research report on Monday, May 2nd. Fifteen analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Altice USA presently has an average rating of “Hold” and a consensus price target of $19.30.
The company has a 50-day moving average of $10.68 and a two-hundred day moving average of $12.83. The stock has a market capitalization of $3.51 billion, a PE ratio of 4.04, a P/E/G ratio of 0.30 and a beta of 1.21.
Hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new stake in shares of Altice USA in the fourth quarter worth $25,000. Counterpoint Mutual Funds LLC acquired a new stake in Altice USA in the 4th quarter valued at $25,000. Herold Advisors Inc. purchased a new position in Altice USA in the first quarter valued at about $25,000. CWM LLC lifted its stake in shares of Altice USA by 1,011.1% during the first quarter. CWM LLC now owns 2,500 shares of the company’s stock worth $31,000 after purchasing an additional 2,275 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Altice USA in the fourth quarter worth about $33,000. 54.30% of the stock is currently owned by hedge funds and other institutional investors.
Altice USA Company Profile (NYSE:ATUS)
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.
- Get a free copy of the StockNews.com research report on Altice USA (ATUS)
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