Evercore ISI Trims Altice USA (NYSE:ATUS) Target Price to $2.00

Altice USA (NYSE:ATUS) had its target price lowered by Evercore ISI from $3.00 to $2.00 in a research report report published on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

ATUS has been the subject of a number of other reports. Loop Capital cut their price objective on shares of Altice USA from $3.00 to $2.00 and set a hold rating for the company in a research report on Tuesday, April 23rd. The Goldman Sachs Group initiated coverage on shares of Altice USA in a research note on Monday. They issued a sell rating and a $2.00 target price on the stock. Wells Fargo & Company downgraded shares of Altice USA from an equal weight rating to an underweight rating and lowered their target price for the company from $2.00 to $1.00 in a research note on Friday, April 5th. BNP Paribas downgraded shares of Altice USA from a neutral rating to an underperform rating and set a $1.00 target price on the stock. in a research note on Tuesday, April 9th. Finally, Bank of America initiated coverage on shares of Altice USA in a research note on Wednesday, April 24th. They issued an underperform rating and a $1.50 target price on the stock. Six analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $2.27.

Altice USA Stock Up 2.0 %

Shares of NYSE:ATUS opened at $2.06 on Tuesday. The company has a 50-day moving average price of $2.21 and a two-hundred day moving average price of $2.39. Altice USA has a twelve month low of $1.75 and a twelve month high of $3.82. The firm has a market capitalization of $947.52 million, a PE ratio of 206.00, a P/E/G ratio of 0.62 and a beta of 1.49.

Altice USA (NYSE:ATUS) last released its quarterly earnings data on Thursday, May 2nd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Altice USA had a net margin of 0.07% and a negative return on equity of 1.54%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter last year, the business posted $0.06 earnings per share. Altice USA’s revenue was down 1.9% compared to the same quarter last year. Analysts anticipate that Altice USA will post 0.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ATUS. Montag A & Associates Inc. purchased a new position in shares of Altice USA during the fourth quarter worth approximately $32,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Altice USA during the third quarter worth approximately $37,000. Headlands Technologies LLC bought a new position in shares of Altice USA in the first quarter worth approximately $46,000. Quadrature Capital Ltd bought a new position in shares of Altice USA in the fourth quarter worth approximately $47,000. Finally, Alpine Global Management LLC bought a new position in shares of Altice USA in the first quarter worth approximately $65,000. 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.