Altice USA (ATUS) Given a $22.00 Price Target at Barclays

Altice USA (NYSE:ATUS) received a $22.00 target price from research analysts at Barclays in a research report issued on Wednesday. The firm currently has a “hold” rating on the stock. Barclays’ price target suggests a potential upside of 18.79% from the company’s previous close.

Several other analysts also recently commented on the stock. Deutsche Bank reiterated a “buy” rating and issued a $35.00 price target on shares of Altice USA in a research report on Monday, November 6th. Moffett Nathanson raised shares of Altice USA from a “neutral” rating to a “buy” rating in a research note on Friday, November 10th. Goldman Sachs Group raised shares of Altice USA from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Tuesday, November 7th. Wells Fargo & Company reissued a “market perform” rating and issued a $25.00 price objective (down from $34.00) on shares of Altice USA in a research note on Monday, November 6th. Finally, Morgan Stanley dropped their price objective on shares of Altice USA from $32.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 14th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $31.71.

Altice USA (NYSE ATUS) traded up $0.16 during mid-day trading on Wednesday, reaching $18.52. 2,880,500 shares of the company traded hands, compared to its average volume of 1,573,882. Altice USA has a 1 year low of $17.80 and a 1 year high of $35.29. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 6.82.

A number of institutional investors and hedge funds have recently made changes to their positions in ATUS. Lord Abbett & CO. LLC acquired a new position in shares of Altice USA during the 2nd quarter worth $12,436,000. TD Asset Management Inc. acquired a new position in shares of Altice USA during the 2nd quarter worth $656,000. JPMorgan Chase & Co. acquired a new position in shares of Altice USA during the 2nd quarter worth $4,329,000. Macquarie Group Ltd. acquired a new position in shares of Altice USA during the 2nd quarter worth $877,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Altice USA during the 2nd quarter worth $14,162,000. 13.23% of the stock is currently owned by institutional investors.

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About Altice USA

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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