Benchmark initiated coverage on shares of Altice USA (NYSE:ATUS) in a research note published on Monday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $35.00 target price on the stock.

Several other equities research analysts also recently issued reports on ATUS. JPMorgan Chase & Co. raised their price objective on shares of Altice USA from $28.00 to $31.00 and gave the stock an overweight rating in a research report on Thursday, August 1st. KeyCorp raised their price objective on shares of Altice USA from $25.00 to $31.00 and gave the stock an overweight rating in a research report on Thursday, August 1st. Macquarie initiated coverage on shares of Altice USA in a research report on Wednesday, June 19th. They set a buy rating and a $30.00 price objective for the company. Wells Fargo & Co initiated coverage on shares of Altice USA in a research report on Tuesday, August 27th. They set an outperform rating and a $35.00 price objective for the company. Finally, ValuEngine downgraded shares of Altice USA from a buy rating to a hold rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $31.62.

Shares of ATUS stock opened at $28.89 on Monday. The firm has a 50 day moving average price of $27.47 and a two-hundred day moving average price of $24.45. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 9.18. The company has a market capitalization of $18.41 billion, a PE ratio of 361.13 and a beta of 0.90. Altice USA has a 12-month low of $14.49 and a 12-month high of $29.89.

Altice USA (NYSE:ATUS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $2.45 billion. Altice USA had a net margin of 3.16% and a return on equity of 13.57%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the business posted ($0.13) earnings per share. As a group, research analysts expect that Altice USA will post 0.56 EPS for the current year.

In other Altice USA news, insider Michael Olsen sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $27.03, for a total transaction of $810,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alt S.A.R.L. Next sold 15,000,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $26.40, for a total transaction of $396,000,000.00. Following the sale, the director now directly owns 47,369,305 shares in the company, valued at approximately $1,250,549,652. The disclosure for this sale can be found here. 45.00% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Altice USA in the second quarter worth $41,000. Advisor Group Inc. grew its stake in shares of Altice USA by 26.6% in the second quarter. Advisor Group Inc. now owns 4,503 shares of the company’s stock worth $111,000 after purchasing an additional 945 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Altice USA by 33.3% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,000 shares of the company’s stock worth $146,000 after purchasing an additional 1,500 shares during the last quarter. CSat Investment Advisory L.P. grew its stake in shares of Altice USA by 1,094.6% in the second quarter. CSat Investment Advisory L.P. now owns 7,096 shares of the company’s stock worth $173,000 after purchasing an additional 6,502 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Altice USA by 340.9% in the first quarter. Bank of Montreal Can now owns 7,261 shares of the company’s stock worth $156,000 after purchasing an additional 5,614 shares during the last quarter. 51.04% of the stock is currently owned by hedge funds and other institutional investors.

About Altice USA

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States. The company operates in two segments, Cablevision and Cequel. It delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

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Analyst Recommendations for Altice USA (NYSE:ATUS)

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