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

Altice USA, Inc. (NYSE:ATUS) has received an average recommendation of “Reduce” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $2.15.

A number of research firms have recently commented on ATUS. Raymond James upgraded Altice USA from a “market perform” rating to an “outperform” rating and set a $3.50 price objective for the company in a report on Tuesday, February 18th. Citigroup upped their price objective on Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Institutional Trading of Altice USA

Several large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its holdings in Altice USA by 390.0% in the 4th quarter. Mackenzie Financial Corp now owns 184,075 shares of the company’s stock valued at $444,000 after purchasing an additional 146,505 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Altice USA by 29.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 636,672 shares of the company’s stock valued at $1,534,000 after acquiring an additional 145,046 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Altice USA during the fourth quarter valued at about $668,000. Two Sigma Advisers LP grew its stake in shares of Altice USA by 129.8% during the fourth quarter. Two Sigma Advisers LP now owns 1,128,251 shares of the company’s stock valued at $2,719,000 after acquiring an additional 637,300 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Altice USA by 82.7% during the fourth quarter. Two Sigma Investments LP now owns 2,861,033 shares of the company’s stock worth $6,895,000 after purchasing an additional 1,294,782 shares during the last quarter. 54.85% of the stock is currently owned by institutional investors and hedge funds.

Altice USA Stock Up 0.1 %

Shares of Altice USA stock opened at $2.67 on Monday. Altice USA has a fifty-two week low of $1.52 and a fifty-two week high of $3.20. The firm has a market cap of $1.24 billion, a PE ratio of -11.62 and a beta of 1.58. The business’s fifty day moving average is $2.73 and its two-hundred day moving average is $2.54.

Altice USA (NYSE:ATUS) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.16). Equities research analysts anticipate that Altice USA will post -0.24 EPS for the current year.

Altice USA Company Profile

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.