Altice USA (NYSE:ATUS) Shares Gap Up to $2.48

Altice USA, Inc. (NYSE:ATUSGet Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $2.48, but opened at $2.63. Altice USA shares last traded at $2.72, with a volume of 173,331 shares.

Analyst Ratings Changes

ATUS has been the subject of several recent analyst reports. Bank of America initiated coverage on Altice USA in a research note on Wednesday, April 24th. They set an “underperform” rating and a $1.50 target price for the company. BNP Paribas lowered shares of Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 target price on the stock. in a research report on Tuesday, April 9th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Altice USA in a report on Thursday, April 11th. UBS Group dropped their price objective on shares of Altice USA from $6.00 to $4.00 and set a “buy” rating on the stock in a report on Thursday, February 15th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $3.00 target price on shares of Altice USA in a research note on Tuesday, March 26th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.41.

Read Our Latest Stock Analysis on ATUS

Altice USA Price Performance

The firm has a market capitalization of $1.17 billion, a P/E ratio of 255.00, a PEG ratio of 0.75 and a beta of 1.50. The company’s 50 day moving average price is $2.24 and its 200 day moving average price is $2.40.

Altice USA (NYSE:ATUSGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Altice USA had a net margin of 0.07% and a negative return on equity of 1.54%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, research analysts anticipate that Altice USA, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ATUS. Montag A & Associates Inc. bought a new stake in shares of Altice USA during the fourth quarter worth approximately $32,000. Sherbrooke Park Advisers LLC acquired a new stake in Altice USA during the 3rd quarter worth $37,000. Headlands Technologies LLC bought a new stake in shares of Altice USA during the 1st quarter valued at $46,000. Quadrature Capital Ltd acquired a new position in shares of Altice USA in the 4th quarter valued at $47,000. Finally, Alpine Global Management LLC bought a new position in shares of Altice USA in the 1st quarter worth $65,000. 54.85% of the stock is currently owned by institutional investors and hedge funds.

About Altice USA

(Get Free Report)

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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