Altice USA (NYSE:ATUS) Research Coverage Started at Bank of America

Bank of America began coverage on shares of Altice USA (NYSE:ATUS) in a research report released on Wednesday, StockNewsAPI reports. The brokerage issued an underperform rating and a $1.50 price target on the stock.

Several other brokerages have also issued reports on ATUS. BNP Paribas lowered Altice USA from a neutral rating to an underperform rating and set a $1.00 target price for the company. in a research report on Tuesday, April 9th. UBS Group lowered their target price on Altice USA from $6.00 to $4.00 and set a buy rating for the company in a research report on Thursday, February 15th. Benchmark reaffirmed a buy rating and set a $5.00 target price on shares of Altice USA in a research report on Wednesday, March 20th. Loop Capital lowered their target price on Altice USA from $3.00 to $2.00 and set a hold rating for the company in a research report on Tuesday. Finally, Evercore ISI reissued an in-line rating and issued a $3.00 price objective on shares of Altice USA in a research report on Tuesday, March 26th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $2.68.

Altice USA Stock Up 5.4 %

NYSE ATUS opened at $2.06 on Wednesday. Altice USA has a twelve month low of $1.75 and a twelve month high of $3.82. The company has a market cap of $937.33 million, a price-to-earnings ratio of 17.13 and a beta of 1.35. The business’s fifty day moving average is $2.41 and its 200 day moving average is $2.50.

Altice USA (NYSE:ATUS) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.33). The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. Altice USA had a net margin of 0.58% and a negative return on equity of 12.81%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same period last year, the business earned ($0.43) EPS. On average, research analysts anticipate that Altice USA will post 0.19 earnings per share for the current fiscal year.

Institutional Trading of Altice USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in Altice USA by 16.6% in the 1st quarter. Assenagon Asset Management S.A. now owns 4,528,572 shares of the company’s stock valued at $11,820,000 after buying an additional 643,731 shares in the last quarter. Nomura Holdings Inc. increased its position in Altice USA by 343.0% in the 4th quarter. Nomura Holdings Inc. now owns 306,009 shares of the company’s stock valued at $995,000 after buying an additional 236,933 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Altice USA in the 4th quarter valued at about $47,000. Readystate Asset Management LP increased its position in Altice USA by 236.7% in the 4th quarter. Readystate Asset Management LP now owns 446,626 shares of the company’s stock valued at $1,452,000 after buying an additional 313,970 shares in the last quarter. Finally, Apollo Management Holdings L.P. increased its position in Altice USA by 1.8% in the 4th quarter. Apollo Management Holdings L.P. now owns 2,181,533 shares of the company’s stock valued at $7,090,000 after buying an additional 38,398 shares in the last quarter. 54.85% of the stock is 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.