Guggenheim reissued their neutral rating on shares of Altice USA Inc (NASDAQ:ATUS) in a report published on Friday, Marketbeat Ratings reports. The firm currently has a $31.00 price target on the stock.

A number of other equities analysts have also weighed in on ATUS. Pivotal Research started coverage on Altice USA in a research report on Thursday, June 22nd. They issued a buy rating and a $38.00 target price for the company. Royal Bank Of Canada started coverage on Altice USA in a research report on Monday, July 17th. They issued an outperform rating and a $40.00 target price for the company. Goldman Sachs Group, Inc. (The) started coverage on Altice USA in a research report on Monday, July 17th. They issued a neutral rating and a $33.00 target price for the company. Barclays PLC started coverage on Altice USA in a research report on Monday, July 17th. They issued an equal weight rating and a $32.00 target price for the company. Finally, J P Morgan Chase & Co started coverage on Altice USA in a research report on Monday, July 17th. They issued an overweight rating and a $39.00 target price for the company. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $35.92.

Altice USA (ATUS) opened at 26.72 on Friday. The company’s 50-day moving average is $30.60 and its 200 day moving average is $31.27. The company’s market cap is $19.69 billion. Altice USA has a 52-week low of $26.49 and a 52-week high of $35.29.

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In other news, Vice Chairman Lisa Rosenblum purchased 3,000 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was acquired at an average cost of $30.00 per share, for a total transaction of $90,000.00. Following the purchase, the insider now directly owns 18,751 shares in the company, valued at approximately $562,530. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Bc European Capital Ix Ltd sold 36,197,360 shares of the business’s stock in a transaction dated 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. In the last three months, insiders acquired 74,000 shares of company stock valued at $2,220,000.

Several institutional investors have recently added to or reduced their stakes in ATUS. Columbus Hill Capital Management L.P. bought a new stake in shares of Altice USA during the 2nd quarter valued at about $162,000. Atlantic Trust Group LLC bought a new stake in shares of Altice USA during the 2nd quarter valued at about $323,000. Neuberger Berman Group LLC bought a new stake in shares of Altice USA during the 2nd quarter valued at about $366,000. BT Investment Management Ltd bought a new stake in shares of Altice USA during the 2nd quarter valued at about $593,000. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Altice USA during the 2nd quarter valued at about $607,000.

Altice USA Company Profile

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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