Altice USA (NYSE:ATUS) Issues Quarterly Earnings Results

Altice USA (NYSE:ATUS) issued its earnings results on Thursday. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.16), Zacks reports.

Altice USA Trading Up 3.6 %

NYSE ATUS traded up $0.10 during trading on Thursday, hitting $2.81. 3,227,616 shares of the company traded hands, compared to its average volume of 3,302,769. Altice USA has a 12 month low of $1.52 and a 12 month high of $3.20. The business has a fifty day simple moving average of $2.64 and a 200 day simple moving average of $2.37. The company has a market capitalization of $1.30 billion, a P/E ratio of -7.58 and a beta of 1.52.

Analyst Ratings Changes

ATUS has been the subject of several recent analyst reports. Citigroup raised their target price on Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen decreased their target price on Altice USA from $6.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Five analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.30.

Insider Buying and Selling at Altice USA

In other news, Director Alt S.A.R.L. Next sold 805,227 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $24.50, for a total value of $19,728,061.50. Following the sale, the director now directly owns 21,146,004 shares of the company’s stock, valued at approximately $518,077,098. This trade represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 8,857,515 shares of company stock worth $217,009,118 over the last three months. Corporate insiders own 52.90% 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, 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.