Altice USA (ATUS) Getting Somewhat Positive News Coverage, Analysis Finds
News headlines about Altice USA (NYSE:ATUS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Altice USA earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.9616953316129 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Altice USA (ATUS) traded up $0.24 during midday trading on Friday, reaching $20.91. The company had a trading volume of 1,012,600 shares, compared to its average volume of 1,693,565. Altice USA has a 52-week low of $17.80 and a 52-week high of $35.29. The company has a debt-to-equity ratio of 6.82, a current ratio of 0.32 and a quick ratio of 0.32.
Several research analysts recently weighed in on the company. Pivotal Research cut their target price on Altice USA from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, December 6th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $25.00 target price (down from $34.00) on shares of Altice USA in a research report on Monday, November 6th. Societe Generale assumed coverage on Altice USA in a research report on Wednesday, December 13th. They issued a “buy” rating on the stock. Royal Bank of Canada cut their target price on Altice USA from $40.00 to $35.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 14th. Finally, Goldman Sachs Group raised Altice USA from a “neutral” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $31.71.
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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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