TD Securities Trims Altice USA (ATUS) Target Price to $24.00

Altice USA (NYSE:ATUS) had its target price decreased by TD Securities from $25.00 to $24.00 in a research note released on Wednesday. TD Securities currently has a buy rating on the stock.

ATUS has been the topic of a number of other research reports. Royal Bank of Canada restated an outperform rating and set a $35.00 price target (up previously from $31.00) on shares of Altice USA in a research note on Tuesday, March 6th. Goldman Sachs started coverage on Altice USA in a research report on Wednesday, March 14th. They set a buy rating for the company. Pivotal Research reaffirmed a buy rating and set a $28.00 price objective on shares of Altice USA in a research report on Friday, March 9th. JPMorgan Chase reaffirmed a focus list rating and set a $35.29 price objective (up from $16.25) on shares of Altice USA in a research report on Thursday, May 10th. Finally, Zacks Investment Research cut Altice USA from a hold rating to a sell rating in a research report on Tuesday, May 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $28.69.

Altice USA opened at $20.69 on Wednesday, MarketBeat reports. The company has a debt-to-equity ratio of 4.04, a current ratio of 0.70 and a quick ratio of 0.34. Altice USA has a 52-week low of $16.25 and a 52-week high of $35.29.

Altice USA (NYSE:ATUS) last released its quarterly earnings results on Wednesday, May 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The firm had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Altice USA had a negative return on equity of 6.78% and a net margin of 15.69%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.12) EPS. analysts forecast that Altice USA will post -0.1 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Lucerne Capital Management LP acquired a new stake in shares of Altice USA in the 4th quarter valued at approximately $129,721,000. Gabelli Funds LLC lifted its holdings in shares of Altice USA by 35.6% in the 4th quarter. Gabelli Funds LLC now owns 137,000 shares of the company’s stock valued at $2,909,000 after buying an additional 36,000 shares during the period. Harbor Advisors LLC acquired a new stake in shares of Altice USA in the 4th quarter valued at approximately $531,000. Pelham Capital Ltd. lifted its holdings in shares of Altice USA by 54.9% in the 4th quarter. Pelham Capital Ltd. now owns 2,555,474 shares of the company’s stock valued at $54,253,000 after buying an additional 905,474 shares during the period. Finally, Ellington Management Group LLC acquired a new stake in shares of Altice USA in the 4th quarter valued at approximately $291,000. 15.88% of the stock is owned by institutional investors and hedge funds.

About Altice USA

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

Analyst Recommendations for Altice USA (NYSE:ATUS)

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