1 week Ago By ABMN Staff
Altice USA, Inc. ( NYSE:ATUS – Get Free Report ) has been given a consensus rating of “Reduce” by the eleven analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company.
The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $2.30. A number of research firms have weighed in on ATUS.
Citigroup boosted their target price on shares of Altice USA from $2.50 to $3.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th.
TD Cowen cut their target price on Altice USA from $6.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th.
Check Out Our Latest Report on ATUS Altice USA Trading Up 3.4 % Altice USA ( NYSE:ATUS – Get Free Report ) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.
09) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.13).
The business had revenue of $2.23 billion for the quarter, compared to analyst estimates of $2.24 billion.
Altice USA had a negative return on equity of 1.54% and a negative net margin of 1.85%.
Altice USA’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period last year, the firm posted $0.
15 EPS. On average, research analysts predict that Altice USA will post -0.01 EPS for the current fiscal year.
Insider Transactions at Altice USA In other news, Director Alt S.A.R.
L. Next sold 805,227 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $24.
50, for a total transaction of $19,728,061.50. Following the completion of the sale, the director now owns 38,055,771 shares in the company, valued at $932,366,389.
50. The trade was a 2.07 % decrease in their ownership of the stock.
The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink . Insiders sold a total of 15,299,331 shares of company stock valued at $374,833,610 in the last quarter. 52.
90% of the stock is currently owned by company insiders. Institutional Trading of Altice USA Hedge funds have recently bought and sold shares of the business. US Bancorp DE raised its holdings in Altice USA by 30.
2% during the third quarter. US Bancorp DE now owns 21,530 shares of the company’s stock worth $53,000 after buying an additional 5,000 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of Altice USA in the 3rd quarter worth about $27,000.
Vanguard Personalized Indexing Management LLC bought a new position in Altice USA in the 2nd quarter valued at about $25,000. D.A.
Davidson & CO. bought a new position in Altice USA in the 3rd quarter valued at about $32,000. Finally, Wolverine Trading LLC bought a new stake in Altice USA during the 3rd quarter worth approximately $39,000.
Institutional investors and hedge funds own 54.85% of the company’s stock. About Altice USA ( Get Free Report 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. Recommended Stories Receive News & Ratings for Altice USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altice USA and related companies with MarketBeat.
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