Altice USA (NYSE:ATUS) had its price target hoisted by KeyCorp from $25.00 to $31.00 in a report published on Thursday morning, 24/7 WallStreet reports. They currently have an overweight rating on the stock.
Other equities analysts have also recently issued reports about the company. Macquarie started coverage on Altice USA in a report on Wednesday, June 19th. They issued a buy rating and a $30.00 price target for the company. Pivotal Research reissued a buy rating and issued a $40.00 price target on shares of Altice USA in a report on Wednesday, July 31st. Zacks Investment Research cut Altice USA from a buy rating to a hold rating in a report on Tuesday, April 30th. TD Securities upped their target price on Altice USA from $27.00 to $29.00 and gave the company a buy rating in a research note on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upped their target price on Altice USA from $28.00 to $31.00 and gave the company an overweight rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Altice USA has a consensus rating of Buy and a consensus price target of $29.42.
NYSE ATUS opened at $26.98 on Thursday. Altice USA has a fifty-two week low of $14.49 and a fifty-two week high of $27.74. The firm has a market capitalization of $18.21 billion, a PE ratio of 337.25 and a beta of 0.99. The business has a fifty day moving average of $24.96. The company has a debt-to-equity ratio of 9.18, a quick ratio of 0.39 and a current ratio of 0.29.
In related news, Director Dennis Okhuijsen sold 551,724 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $24.67, for a total value of $13,611,031.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 45.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ATUS. Comerica Bank lifted its stake in shares of Altice USA by 0.9% in the second quarter. Comerica Bank now owns 255,459 shares of the company’s stock worth $6,590,000 after acquiring an additional 2,232 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Altice USA by 164.3% during the second quarter. Envestnet Asset Management Inc. now owns 81,392 shares of the company’s stock valued at $1,982,000 after buying an additional 50,592 shares in the last quarter. Executive Wealth Management LLC raised its stake in Altice USA by 4.8% during the second quarter. Executive Wealth Management LLC now owns 46,292 shares of the company’s stock valued at $1,127,000 after buying an additional 2,116 shares in the last quarter. TD Asset Management Inc. raised its stake in Altice USA by 0.7% during the second quarter. TD Asset Management Inc. now owns 206,409 shares of the company’s stock valued at $5,026,000 after buying an additional 1,527 shares in the last quarter. Finally, Pendal Group Ltd raised its stake in Altice USA by 8.5% during the second quarter. Pendal Group Ltd now owns 51,277 shares of the company’s stock valued at $1,249,000 after buying an additional 4,015 shares in the last quarter. Hedge funds and other institutional investors own 50.22% of the company’s stock.
Altice USA Company Profile
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.
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