Morgan Stanley Cuts Altice USA, Inc. (ATUS) Price Target to $25.00
Altice USA, Inc. (NYSE:ATUS) had its price objective lowered by Morgan Stanley from $32.00 to $25.00 in a research note released on Tuesday. The firm currently has an equal weight rating on the stock.
ATUS has been the topic of several other research reports. The Goldman Sachs Group, Inc. began coverage on Altice USA in a research report on Monday, July 17th. They set a neutral rating and a $33.00 price objective on the stock. Deutsche Bank AG began coverage on Altice USA in a research report on Monday, July 17th. They set a buy rating and a $36.00 price objective on the stock. Moffett Nathanson upgraded Altice USA from a neutral rating to a buy rating in a research report on Friday, November 10th. Wells Fargo & Company began coverage on Altice USA in a research report on Wednesday, July 26th. They set a market perform rating and a $34.00 price objective on the stock. Finally, Guggenheim reiterated 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’s stock. The stock presently has an average rating of Buy and a consensus price target of $33.36.
Altice USA (NYSE:ATUS) traded down $0.02 during mid-day trading on Tuesday, reaching $20.24. The company’s stock had a trading volume of 2,047,900 shares, compared to its average volume of 1,526,346. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 6.82. Altice USA has a 1 year low of $18.73 and a 1 year high of $35.29.
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Large investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC acquired a new stake in Altice USA in the second quarter valued at about $12,436,000. TD Asset Management Inc. bought a new stake in Altice USA in the second quarter worth approximately $656,000. JPMorgan Chase & Co. bought a new stake in Altice USA in the second quarter worth approximately $4,329,000. Goldman Sachs Group Inc. bought a new stake in Altice USA in the second quarter worth approximately $14,162,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Altice USA during the second quarter valued at approximately $877,000. 13.88% of the stock is currently owned by institutional investors and hedge funds.
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.
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