Moffett Nathanson upgraded shares of Altice USA Inc (NASDAQ:ATUS) from a neutral rating to a buy rating in a research note published on Friday morning, MarketBeat.com reports.

A number of other analysts also recently issued reports on the company. Goldman Sachs Group, Inc. (The) raised Altice USA from a neutral rating to a buy rating and set a $31.00 price objective for the company in a research report on Tuesday, November 7th. Deutsche Bank AG reissued a buy rating and set a $35.00 price objective on shares of Altice USA in a research report on Monday, November 6th. Wells Fargo & Company reissued a market perform rating and set a $25.00 price objective (down from $34.00) on shares of Altice USA in a research report on Monday, November 6th. Atlantic Securities assumed coverage on Altice USA in a research report on Tuesday, October 31st. They set an overweight rating and a $32.00 price objective for the company. Finally, Guggenheim reissued a neutral rating and set a $31.00 price objective on shares of Altice USA in a research report on Friday, September 15th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $34.21.

Shares of Altice USA (ATUS) traded down $0.80 during trading hours on Friday, hitting $21.10. The company had a trading volume of 1,309,287 shares, compared to its average volume of 1,780,000. Altice USA has a 1 year low of $20.66 and a 1 year high of $35.29.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stifel Financial Corp acquired a new position in Altice USA in the 3rd quarter valued at about $224,000. OxFORD Asset Management LLP grew its position in Altice USA by 2.9% in the 3rd quarter. OxFORD Asset Management LLP now owns 321,675 shares of the company’s stock valued at $8,766,000 after acquiring an additional 9,175 shares in the last quarter. Thornburg Investment Management Inc. grew its position in Altice USA by 15.5% in the 3rd quarter. Thornburg Investment Management Inc. now owns 2,469,626 shares of the company’s stock valued at $67,445,000 after acquiring an additional 332,260 shares in the last quarter. Schwab Charles Investment Management Inc. acquired a new position in Altice USA in the 3rd quarter valued at about $3,978,000. Finally, TD Asset Management Inc. grew its position in Altice USA by 219.1% in the 3rd quarter. TD Asset Management Inc. now owns 64,851 shares of the company’s stock valued at $1,771,000 after acquiring an additional 44,528 shares in the last quarter.

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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