Shares of Altice USA Inc (NYSE:ATUS) gapped down before the market opened on Wednesday . The stock had previously closed at $21.05, but opened at $20.59. Altice USA shares last traded at $20.58, with a volume of 992018 shares changing hands.

Several analysts have recently weighed in on ATUS shares. Moffett Nathanson upgraded shares of Altice USA from a “neutral” rating to a “buy” rating in a research report on Friday, November 10th. Goldman Sachs Group upgraded shares of 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. Deutsche Bank reiterated a “buy” rating and issued a $35.00 target price on shares of Altice USA in a research report on Monday, November 6th. Pivotal Research reiterated a “buy” rating and issued a $28.00 target price on shares of Altice USA in a research report on Tuesday, January 9th. Finally, Societe Generale assumed coverage on shares of Altice USA in a research report on Wednesday, December 13th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.21.

The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 6.82.

Several hedge funds have recently added to or reduced their stakes in the business. Lucerne Capital Management LP purchased a new position in shares of Altice USA in the fourth quarter valued at about $129,721,000. Pelham Capital Ltd. lifted its stake in shares of Altice USA by 54.9% in the fourth quarter. Pelham Capital Ltd. now owns 2,555,474 shares of the company’s stock worth $54,253,000 after buying an additional 905,474 shares in the last quarter. Thornburg Investment Management Inc. lifted its stake in shares of Altice USA by 15.5% in the third quarter. Thornburg Investment Management Inc. now owns 2,469,626 shares of the company’s stock worth $67,445,000 after buying an additional 332,260 shares in the last quarter. Vanguard Group Inc. purchased a new position in shares of Altice USA during the second quarter valued at approximately $67,939,000. Finally, FMR LLC purchased a new position in shares of Altice USA during the second quarter valued at approximately $57,079,000. Hedge funds and other institutional investors own 13.37% of the company’s stock.

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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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