Shares of Altice USA, Inc. (NYSE:ATUS – Get Free Report) have been given an average rating of “Reduce” by the ten analysts that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $1.97.
A number of brokerages recently issued reports on ATUS. The Goldman Sachs Group started coverage on shares of Altice USA in a research note on Monday, July 1st. They issued a “sell” rating and a $2.00 price target on the stock. Evercore ISI cut their price target on shares of Altice USA from $3.00 to $2.00 and set an “in-line” rating on the stock in a report on Tuesday, July 2nd. Finally, UBS Group downgraded shares of Altice USA from a “buy” rating to a “neutral” rating and reduced their price target for the company from $4.00 to $2.00 in a research report on Friday, August 2nd.
View Our Latest Stock Analysis on Altice USA
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Altice USA Stock Performance
Shares of NYSE ATUS opened at $2.26 on Friday. The company has a 50 day simple moving average of $2.14 and a two-hundred day simple moving average of $2.10. Altice USA has a fifty-two week low of $1.52 and a fifty-two week high of $3.66. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 226.00, a P/E/G ratio of 3.27 and a beta of 1.53.
Altice USA (NYSE:ATUS – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.05). Altice USA had a negative net margin of 0.62% and a negative return on equity of 1.54%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter in the previous year, the firm posted $0.17 EPS. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts forecast that Altice USA will post 0.1 earnings per share for the current fiscal year.
About Altice USA
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.
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