Shares of Altice USA, Inc. (NYSE:ATUS – Get Free Report) have been given a consensus recommendation of “Reduce” by the ten ratings firms that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $2.68.
Several brokerages recently commented on ATUS. Bank of America began coverage on shares of Altice USA in a research report on Wednesday. They set an “underperform” rating and a $1.50 price objective on the stock. Loop Capital cut their price objective on shares of Altice USA from $3.00 to $2.00 and set a “hold” rating on the stock in a research report on Tuesday. Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of Altice USA in a report on Wednesday, March 20th. BNP Paribas downgraded shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price target on the stock. in a report on Tuesday, April 9th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $3.00 price target on shares of Altice USA in a report on Tuesday, March 26th.
View Our Latest Stock Report on Altice USA
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Altice USA Trading Down 0.5 %
Shares of NYSE ATUS opened at $1.95 on Friday. Altice USA has a 12 month low of $1.75 and a 12 month high of $3.82. The firm has a market capitalization of $889.43 million, a PE ratio of 16.25 and a beta of 1.35. The firm has a fifty day simple moving average of $2.41 and a two-hundred day simple moving average of $2.51.
Altice USA (NYSE:ATUS – Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.33). Altice USA had a negative return on equity of 12.81% and a net margin of 0.58%. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same quarter last year, the company posted ($0.43) earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, sell-side analysts predict that Altice USA will post 0.19 earnings per share for the current year.
About Altice USA
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.
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