Altice USA Inc (ATUS) Receives “Buy” Rating from Deutsche Bank AG

Altice USA Inc (NASDAQ:ATUS)‘s stock had its “buy” rating reiterated by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Monday. They presently have a $35.00 target price on the stock. Deutsche Bank AG’s price objective would suggest a potential upside of 49.70% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Pivotal Research reaffirmed a “buy” rating and set a $38.00 target price on shares of Altice USA in a research note on Tuesday, August 8th. Citigroup Inc. began coverage on shares of Altice USA in a research note on Monday, July 17th. They issued a “buy” rating and a $44.00 price target on the stock. Guggenheim began coverage on shares of Altice USA in a research note on Wednesday, July 12th. They set a “buy” rating and a $38.00 target price on the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $32.00 target price (up from $31.00) on shares of Altice USA in a research note on Wednesday, August 23rd. Finally, Barclays PLC began coverage on shares of Altice USA in a research note on Monday, July 17th. They set an “equal weight” rating and a $32.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $34.36.

Shares of Altice USA (ATUS) traded up $0.79 during mid-day trading on Monday, reaching $23.38. 1,566,878 shares of the company’s stock were exchanged, compared to its average volume of 1,190,000. Altice USA has a one year low of $20.66 and a one year high of $35.29.

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A number of hedge funds and other institutional investors have recently bought and sold shares of ATUS. Pelham Capital Ltd. acquired a new position in Altice USA during the 2nd quarter worth approximately $53,295,000. Coronation Fund Managers Ltd. acquired a new position in shares of Altice USA in the 2nd quarter valued at $780,000. Egerton Capital UK LLP acquired a new position in shares of Altice USA in the 2nd quarter valued at $64,600,000. Sei Investments Co. acquired a new position in shares of Altice USA in the 2nd quarter valued at $4,370,000. Finally, TD Asset Management Inc. acquired a new position in shares of Altice USA in the 2nd quarter valued at $656,000.

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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