Altice USA (NYSE:ATUS) Trading 4.8% Higher

Altice USA, Inc. (NYSE:ATUS)’s stock price traded up 4.8% during mid-day trading on Friday . The company traded as high as $1.99 and last traded at $1.98. 245,622 shares changed hands during trading, a decline of 93% from the average session volume of 3,407,793 shares. The stock had previously closed at $1.89.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ATUS shares. Loop Capital decreased their price target on Altice USA from $3.00 to $2.00 and set a “hold” rating on the stock in a report on Tuesday, April 23rd. The Goldman Sachs Group started coverage on Altice USA in a report on Monday, July 1st. They issued a “sell” rating and a $2.00 price target on the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Altice USA in a report on Thursday, April 11th. Benchmark reissued a “buy” rating and issued a $5.00 target price on shares of Altice USA in a report on Wednesday, March 20th. Finally, BNP Paribas lowered Altice USA from a “neutral” rating to an “underperform” rating and set a $1.00 price target on the stock. in a report on Tuesday, April 9th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $2.27.

Altice USA Trading Up 8.2 %

The firm has a market cap of $940.62 million, a P/E ratio of 206.50, a P/E/G ratio of 0.66 and a beta of 1.49. The business has a 50-day moving average price of $2.20 and a 200-day moving average price of $2.37.

Altice USA (NYSE:ATUS) last issued its earnings results on Thursday, May 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Altice USA had a negative return on equity of 1.54% and a net margin of 0.07%. The business had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, equities analysts anticipate that Altice USA, Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Altice USA

Several institutional investors have recently bought and sold shares of the business. Montag A & Associates Inc. bought a new stake in Altice USA during the 4th quarter valued at $32,000. Quadrature Capital Ltd bought a new stake in Altice USA during the fourth quarter valued at about $47,000. Headlands Technologies LLC purchased a new position in Altice USA in the first quarter valued at about $46,000. Alpine Global Management LLC purchased a new position in Altice USA in the first quarter valued at about $65,000. Finally, Swedbank AB bought a new position in Altice USA in the first quarter worth about $66,000. 54.85% of the stock is owned by hedge funds and other institutional investors.

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.