Moffett Nathanson initiated coverage on shares of Altice USA Inc (NASDAQ:ATUS) in a research note published on Tuesday, Marketbeat.com reports. The brokerage issued a neutral rating on the stock.

A number of other research analysts have also recently issued reports on the stock. Deutsche Bank AG initiated coverage on shares of Altice USA in a report on Monday, July 17th. They set a buy rating and a $36.00 price objective for the company. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Altice USA in a report on Monday, July 17th. They set a neutral rating and a $33.00 price objective for the company. Pivotal Research initiated coverage on shares of Altice USA in a report on Thursday, June 22nd. They set a buy rating and a $38.00 price objective for the company. Wells Fargo & Company initiated coverage on shares of Altice USA in a report on Wednesday, July 26th. They set a market perform rating and a $34.00 price objective for the company. Finally, Citigroup Inc. initiated coverage on shares of Altice USA in a report on Monday, July 17th. They set a buy rating and a $44.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Altice USA has a consensus rating of Hold and a consensus price target of $35.92.

Altice USA (NASDAQ ATUS) traded down 0.52% during midday trading on Tuesday, reaching $25.02. 321,481 shares of the company traded hands. The company has a 50 day moving average of $28.38 and a 200-day moving average of $30.34. Altice USA has a 12-month low of $24.56 and a 12-month high of $35.29. The stock’s market capitalization is $18.44 billion.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another publication, it was illegally copied and reposted in violation of United States & international trademark and copyright laws. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/13/altice-usa-inc-atus-research-coverage-started-at-moffett-nathanson.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TD Asset Management Inc. bought a new position in shares of Altice USA during the second quarter valued at about $656,000. Laurion Capital Management LP bought a new position in shares of Altice USA during the second quarter valued at about $19,380,000. DSAM Partners London Ltd bought a new position in shares of Altice USA during the second quarter valued at about $16,692,000. Franklin Resources Inc. bought a new position in shares of Altice USA during the second quarter valued at about $69,443,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Altice USA during the second quarter valued at about $366,000.

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)

Receive News & Stock Ratings for Altice USA Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altice USA Inc and related stocks with our FREE daily email newsletter.