Zacks Research Has Positive Outlook of OPTU FY2026 Earnings

Optimum Communications, Inc. (NYSE:OPTU) – Equities researchers at Zacks Research raised their FY2026 EPS estimates for shares of Optimum Communications in a research note issued to investors on Tuesday, July 7th. Zacks Research analyst Team now forecasts that the company will earn ($0.55) per share for the year, up from their previous forecast of ($0.56). Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Optimum Communications’ current full-year earnings is ($0.52) per share.

Several other research firms also recently weighed in on OPTU. UBS Group decreased their price target on shares of Optimum Communications from $2.00 to $1.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Weiss Ratings raised shares of Optimum Communications from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Evercore set a $1.25 price objective on Optimum Communications in a research note on Tuesday, May 12th. Raymond James Financial cut Optimum Communications from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 11th. Finally, The Goldman Sachs Group set a $1.00 target price on Optimum Communications in a research report on Friday, May 8th. Six analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Optimum Communications presently has an average rating of “Reduce” and an average target price of $0.95.

Optimum Communications Trading Up 18.7%

OPTU opened at $1.40 on Thursday. The company’s 50 day moving average is $1.13 and its 200 day moving average is $1.42. The company has a market cap of $667.53 million, a price-to-earnings ratio of -0.14 and a beta of 1.15. Optimum Communications has a 12-month low of $0.58 and a 12-month high of $2.98.

Institutional Trading of Optimum Communications

Institutional investors and hedge funds have recently modified their holdings of the company. Swiss Life Asset Management Ltd purchased a new position in shares of Optimum Communications during the 3rd quarter valued at $26,000. Cibc World Markets Corp purchased a new stake in Optimum Communications in the 4th quarter worth $29,000. Voleon Capital Management LP bought a new stake in Optimum Communications during the third quarter valued at about $31,000. Cidel Asset Management Inc. bought a new stake in Optimum Communications during the first quarter valued at about $32,000. Finally, Xponance LLC purchased a new position in shares of Optimum Communications in the fourth quarter valued at about $34,000. 54.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Optimum Communications news, General Counsel Michael Olsen sold 20,000 shares of Optimum Communications stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $1.59, for a total transaction of $31,800.00. Following the transaction, the general counsel owned 1,199,781 shares of the company’s stock, valued at $1,907,651.79. The trade was a 1.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 60,000 shares of company stock worth $71,800. 43.40% of the stock is currently owned by company insiders.

Optimum Communications Company Profile

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company’s video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.