Altice USA (ATUS) – Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Altice USA (NYSE: ATUS):

• 4/24/2024 – Altice USA is now covered by analysts at Bank of America Co.. They set an “underperform” rating and a $1.50 price target on the stock.
• 4/23/2024 – Altice USA had its price target lowered by analysts at Loop Capital from $3.00 to $2.00. They now have a “hold” rating on the stock.
• 4/11/2024 – Altice USA had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co..
• 4/9/2024 – Altice USA was downgraded by analysts at BNP Paribas from a “neutral” rating to an “underperform” rating. They now have a $1.00 price target on the stock.
• 4/5/2024 – Altice USA was downgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “underweight” rating. They now have a $1.00 price target on the stock, down previously from $2.00.
• 3/26/2024 – Altice USA had its “in-line” rating reaffirmed by analysts at Evercore ISI. They now have a $3.00 price target on the stock.
• 3/20/2024 – Altice USA had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $5.00 price target on the stock.
• 2/27/2024 – Altice USA was upgraded by analysts at BNP Paribas from an “underperform” rating to a “neutral” rating.

Altice USA Price Performance

Shares of NYSE ATUS opened at $1.95 on Friday. The company has a market cap of $889.43 million, a P/E ratio of 16.25 and a beta of 1.35. Altice USA, Inc. has a 1 year low of $1.75 and a 1 year high of $3.82. The firm has a 50-day simple moving average of $2.41 and a two-hundred day simple moving average of $2.51.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.33). The firm had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.29 billion. Altice USA had a negative return on equity of 12.81% and a net margin of 0.58%. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.43) EPS. As a group, equities research analysts expect that Altice USA, Inc. will post 0.19 EPS for the current year.

Institutional Trading of Altice USA

Several institutional investors and hedge funds have recently modified their holdings of the stock. J.P. Morgan Private Wealth Advisors LLC raised its stake in shares of Altice USA by 8.8% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 60,000 shares of the company’s stock valued at $196,000 after acquiring an additional 4,872 shares in the last quarter. Paralel Advisors LLC increased its holdings in Altice USA by 1.1% during the third quarter. Paralel Advisors LLC now owns 559,178 shares of the company’s stock valued at $1,829,000 after buying an additional 6,319 shares during the period. Victory Capital Management Inc. increased its holdings in Altice USA by 38.1% during the fourth quarter. Victory Capital Management Inc. now owns 31,185 shares of the company’s stock valued at $101,000 after buying an additional 8,600 shares during the period. Montag A & Associates Inc. purchased a new position in Altice USA during the fourth quarter valued at approximately $32,000. Finally, Aigen Investment Management LP increased its holdings in Altice USA by 51.1% during the fourth quarter. Aigen Investment Management LP now owns 33,140 shares of the company’s stock valued at $108,000 after buying an additional 11,205 shares during the period. Institutional investors own 54.85% of the company’s stock.

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 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.