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

Shares of Altice USA, Inc. (NYSE:ATUS) have earned a consensus recommendation of “Reduce” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $2.68.

ATUS has been the topic of a number of research reports. UBS Group lowered their price objective on Altice USA from $6.00 to $4.00 and set a “buy” rating on the stock in a research report on Thursday, February 15th. Evercore ISI reissued an “in-line” rating and issued a $3.00 target price on shares of Altice USA in a research note on Tuesday, March 26th. Loop Capital dropped their price target on shares of Altice USA from $3.00 to $2.00 and set a “hold” rating for the company in a research report on Tuesday. BNP Paribas lowered Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price objective on the stock. in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Altice USA in a research note on Thursday, April 11th.

Altice USA Price Performance

ATUS stock opened at $1.95 on Friday. The stock has a market capitalization of $889.43 million, a price-to-earnings ratio of 16.25 and a beta of 1.35. The company has a 50-day moving average of $2.41 and a two-hundred day moving average of $2.51. Altice USA has a 52-week low of $1.75 and a 52-week high of $3.82.

Altice USA (NYSE:ATUS) last released its earnings results 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 net margin of 0.58% and a negative return on equity of 12.81%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same quarter in the previous year, the company earned ($0.43) earnings per share. Altice USA’s revenue for the quarter was down 2.9% compared to the same quarter last year. Equities analysts expect that Altice USA will post 0.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ATUS. J.P. Morgan Private Wealth Advisors LLC lifted its position in Altice USA by 8.8% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 60,000 shares of the company’s stock valued at $196,000 after purchasing an additional 4,872 shares during the period. Paralel Advisors LLC raised its position in shares of Altice USA by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 559,178 shares of the company’s stock valued at $1,829,000 after acquiring an additional 6,319 shares during the period. Victory Capital Management Inc. raised its position in shares of Altice USA by 38.1% in the 4th quarter. Victory Capital Management Inc. now owns 31,185 shares of the company’s stock valued at $101,000 after acquiring an additional 8,600 shares during the period. Montag A & Associates Inc. acquired a new stake in shares of Altice USA in the 4th quarter valued at approximately $32,000. Finally, Aigen Investment Management LP raised its position in shares of Altice USA by 51.1% in the 4th quarter. Aigen Investment Management LP now owns 33,140 shares of the company’s stock valued at $108,000 after acquiring an additional 11,205 shares during the period. 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.