Altice USA, Inc. (NYSE:ATUS) Given Average Recommendation of “Hold” by Analysts

Shares of Altice USA, Inc. (NYSE:ATUS) have received a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $2.67.

Separately, Raymond James raised Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 target price on the stock in a research note on Tuesday, February 18th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in shares of Altice USA by 166.5% during the first quarter. Bank of New York Mellon Corp now owns 61,570 shares of the company’s stock valued at $164,000 after purchasing an additional 38,469 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Altice USA during the first quarter valued at $81,000. Mackenzie Financial Corp boosted its holdings in Altice USA by 390.0% in the fourth quarter. Mackenzie Financial Corp now owns 184,075 shares of the company’s stock worth $444,000 after acquiring an additional 146,505 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Altice USA by 29.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 636,672 shares of the company’s stock valued at $1,534,000 after acquiring an additional 145,046 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Altice USA in the 4th quarter worth about $668,000. 54.85% of the stock is currently owned by institutional investors.

Altice USA Price Performance

Shares of Altice USA stock opened at $2.52 on Tuesday. The company has a 50 day simple moving average of $2.49 and a two-hundred day simple moving average of $2.58. The firm has a market cap of $1.17 billion, a PE ratio of -10.93 and a beta of 1.65. Altice USA has a 1 year low of $1.52 and a 1 year high of $3.20.

Altice USA (NYSE:ATUS) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). As a group, research analysts anticipate that Altice USA will post -0.24 earnings per share for the current year.

Altice USA Company Profile

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.