Altice USA (NYSE:ATUS) Price Target Raised to $3.00

Altice USA (NYSE:ATUS) had its price objective hoisted by research analysts at Barclays from $2.00 to $3.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 14.07% from the company’s current price.

Separately, Raymond James upgraded Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 target price on the stock in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.75.

Altice USA Stock Down 5.1 %

ATUS stock opened at $2.63 on Friday. The company’s 50-day moving average price is $2.48 and its two-hundred day moving average price is $2.58. Altice USA has a 12 month low of $1.52 and a 12 month high of $3.20. The firm has a market cap of $1.22 billion, a P/E ratio of -11.43 and a beta of 1.65.

Altice USA (NYSE:ATUS) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.07). The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. Altice USA’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.05) EPS. Equities analysts predict that Altice USA will post -0.24 EPS for the current year.

Institutional Investors Weigh In On Altice USA

Hedge funds and other institutional investors have recently bought and sold shares of the company. LPL Financial LLC acquired a new stake in shares of Altice USA during the fourth quarter valued at about $25,000. Raymond James Financial Inc. acquired a new position in Altice USA in the 4th quarter valued at approximately $30,000. R Squared Ltd raised its stake in shares of Altice USA by 56.0% during the first quarter. R Squared Ltd now owns 15,490 shares of the company’s stock valued at $41,000 after acquiring an additional 5,560 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Altice USA during the fourth quarter worth $43,000. Finally, State of Wyoming bought a new position in Altice USA during the 4th quarter worth $57,000. Institutional investors 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.