Altice USA, Inc. (NYSE:ATUS) Receives Consensus Recommendation of “Hold” from Brokerages

Altice USA, Inc. (NYSE:ATUS) has received a consensus rating of “Hold” from the six analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $2.88.

Several brokerages recently issued reports on ATUS. The Goldman Sachs Group lifted their price objective on Altice USA from $2.00 to $2.25 and gave the stock a “sell” rating in a research report on Friday, May 9th. Barclays upped their price target on shares of Altice USA from $2.00 to $3.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th.

Altice USA Stock Up 2.2%

NYSE:ATUS opened at $2.79 on Friday. The stock’s fifty day moving average is $2.33 and its two-hundred day moving average is $2.51. Altice USA has a 52 week low of $1.52 and a 52 week high of $3.20. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -8.21 and a beta of 1.58.

Altice USA (NYSE:ATUS) last posted its earnings results on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Altice USA’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. On average, sell-side analysts expect that Altice USA will post -0.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its holdings in shares of Altice USA by 441.3% in the first quarter. Acadian Asset Management LLC now owns 133,225 shares of the company’s stock valued at $354,000 after acquiring an additional 108,611 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Altice USA by 1.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 644,142 shares of the company’s stock worth $1,713,000 after buying an additional 7,470 shares in the last quarter. Aristeia Capital L.L.C. bought a new stake in Altice USA during the first quarter worth approximately $231,000. Caxton Associates LLP bought a new stake in Altice USA during the first quarter worth approximately $88,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Altice USA by 46.6% during the first quarter. Goldman Sachs Group Inc. now owns 6,397,047 shares of the company’s stock worth $17,016,000 after buying an additional 2,031,971 shares in the last quarter. 54.85% of the stock is currently owned by institutional investors.

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.