Shares of Altice USA Inc (NYSE:ATUS) have been assigned an average recommendation of “Buy” from the fifteen ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $25.00.

A number of equities research analysts have weighed in on the company. TD Securities boosted their price objective on Altice USA from $27.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, May 7th. Zacks Investment Research cut Altice USA from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. TheStreet upgraded Altice USA from a “d+” rating to a “c+” rating in a research note on Thursday, April 25th. Barclays set a $27.00 price objective on Altice USA and gave the company a “buy” rating in a research note on Friday, February 22nd. Finally, ValuEngine upgraded Altice USA from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th.

Shares of NYSE ATUS opened at $24.78 on Thursday. The company has a debt-to-equity ratio of 7.77, a current ratio of 0.39 and a quick ratio of 0.39. Altice USA has a twelve month low of $14.49 and a twelve month high of $25.14. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of 309.75 and a beta of 1.20.

Altice USA (NYSE:ATUS) last issued its quarterly earnings data on Thursday, May 2nd. The company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.08). Altice USA had a net margin of 1.27% and a return on equity of 8.16%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the firm posted ($0.17) EPS. Altice USA’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Altice USA will post 0.42 earnings per share for the current year.

In other news, EVP Colleen Schmidt sold 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $22.58, for a total transaction of $2,258,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder S.A.R.L. Suddenvision sold 20,645,478 shares of the stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $21.35, for a total value of $440,780,955.30. The disclosure for this sale can be found here. 45.00% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc raised its position in Altice USA by 154.7% in the third quarter. Vanguard Group Inc now owns 24,455,145 shares of the company’s stock worth $443,617,000 after acquiring an additional 14,855,173 shares in the last quarter. FMR LLC raised its position in Altice USA by 25.6% in the first quarter. FMR LLC now owns 11,272,679 shares of the company’s stock worth $242,137,000 after acquiring an additional 2,299,328 shares in the last quarter. Renaissance Technologies LLC raised its position in Altice USA by 85.0% in the first quarter. Renaissance Technologies LLC now owns 8,484,000 shares of the company’s stock worth $182,236,000 after acquiring an additional 3,898,100 shares in the last quarter. Deutsche Bank AG raised its position in Altice USA by 28.4% in the fourth quarter. Deutsche Bank AG now owns 7,755,835 shares of the company’s stock worth $128,125,000 after acquiring an additional 1,714,753 shares in the last quarter. Finally, BlackRock Inc. raised its position in Altice USA by 32.0% in the first quarter. BlackRock Inc. now owns 7,677,638 shares of the company’s stock worth $164,916,000 after acquiring an additional 1,862,856 shares in the last quarter. Hedge funds and other institutional investors own 42.56% 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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Analyst Recommendations for Altice USA (NYSE:ATUS)

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