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

Altice USA, Inc. (NYSE:ATUS) has earned an average recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.44.

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 report on Tuesday, February 18th.

Altice USA Price Performance

ATUS stock opened at $2.31 on Friday. Altice USA has a 12 month low of $1.52 and a 12 month high of $3.20. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -10.02 and a beta of 1.65. The company has a fifty day moving average price of $2.62 and a 200 day moving average price of $2.58.

Altice USA (NYSE:ATUS) last announced its 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, analysts anticipate that Altice USA will post -0.24 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wolverine Trading LLC acquired a new position in shares of Altice USA during the 3rd quarter worth $39,000. JPMorgan Chase & Co. grew its position in Altice USA by 238.7% during the fourth quarter. JPMorgan Chase & Co. now owns 6,444,193 shares of the company’s stock worth $15,531,000 after buying an additional 4,541,359 shares during the period. Barclays PLC increased its holdings in Altice USA by 120.3% in the third quarter. Barclays PLC now owns 1,527,424 shares of the company’s stock valued at $3,756,000 after buying an additional 834,030 shares in the last quarter. State Street Corp increased its stake in Altice USA by 2.8% in the 3rd quarter. State Street Corp now owns 1,534,608 shares of the company’s stock valued at $3,775,000 after purchasing an additional 41,868 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Altice USA by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,402,316 shares of the company’s stock worth $3,450,000 after purchasing an additional 85,936 shares during the last quarter. Institutional investors and hedge funds own 54.85% of the company’s stock.

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.