Morgan Stanley reiterated their equal weight rating on shares of Altice USA Inc (NASDAQ:ATUS) in a report published on Wednesday morning. They currently have a $32.00 price target on the stock, up from their previous price target of $31.00.

Several other brokerages also recently weighed in on ATUS. Barclays PLC started coverage on Altice USA in a research note on Monday, July 17th. They set an equal weight rating and a $32.00 target price for the company. Royal Bank Of Canada started coverage on Altice USA in a research note on Monday, July 17th. They set an outperform rating and a $40.00 target price for the company. BNP Paribas started coverage on Altice USA in a research note on Tuesday, July 18th. They set an outperform rating and a $36.00 target price for the company. Bank of America Corporation started coverage on Altice USA in a research note on Monday, July 17th. They set a neutral rating and a $36.00 target price for the company. Finally, Guggenheim started coverage on Altice USA in a research note on Wednesday, July 12th. They set a buy rating and a $38.00 target price for the company. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $36.50.

Shares of Altice USA (ATUS) opened at 30.68 on Wednesday. The company’s market cap is $22.61 billion. Altice USA has a 52-week low of $29.99 and a 52-week high of $35.29. The stock has a 50 day moving average of $31.61 and a 200 day moving average of $31.84.

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In other news, Vice Chairman Lisa Rosenblum acquired 3,000 shares of Altice USA stock in a transaction that occurred on Tuesday, June 27th. The stock was purchased at an average cost of $30.00 per share, with a total value of $90,000.00. Following the purchase, the insider now owns 18,751 shares in the company, valued at $562,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Bc European Capital Ix Ltd sold 36,197,360 shares of the stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $29.01, for a total value of $1,050,085,413.60. The disclosure for this sale can be found here. Over the last three months, insiders purchased 74,000 shares of company stock valued at $2,220,000.

A number of hedge funds and other institutional investors have recently bought and sold shares of ATUS. Columbus Hill Capital Management L.P. purchased a new position in Altice USA during the second quarter valued at approximately $162,000. Atlantic Trust Group LLC purchased a new position in Altice USA during the second quarter valued at approximately $323,000. Neuberger Berman Group LLC purchased a new position in Altice USA during the second quarter valued at approximately $366,000. BT Investment Management Ltd purchased a new position in Altice USA during the second quarter valued at approximately $593,000. Finally, Tudor Investment Corp ET AL purchased a new position in Altice USA during the second quarter valued at approximately $607,000.

About Altice USA

Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.

Analyst Recommendations for Altice USA (NASDAQ:ATUS)

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