Altice USA Inc (NASDAQ:ATUS) had its price target reduced by equities research analysts at Royal Bank Of Canada from $40.00 to $35.00 in a research note issued on Tuesday. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 65.88% from the stock’s current price.
ATUS has been the topic of several other reports. Moffett Nathanson initiated coverage on Altice USA in a research note on Tuesday, October 10th. They set a “neutral” rating and a $28.00 target price on the stock. Deutsche Bank AG restated a “buy” rating and set a $35.00 target price on shares of Altice USA in a research note on Monday, November 6th. Guggenheim restated a “neutral” rating and set a $31.00 target price on shares of Altice USA in a research note on Friday, September 15th. Atlantic Securities initiated coverage on Altice USA in a research note on Tuesday, October 31st. They set an “overweight” rating and a $32.00 target price on the stock. Finally, Morgan Stanley initiated coverage on Altice USA in a research note on Monday, July 17th. They set an “equal weight” rating and a $31.00 target price on the stock. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Altice USA currently has a consensus rating of “Buy” and an average price target of $33.86.
Altice USA (NASDAQ ATUS) opened at $21.10 on Tuesday. Altice USA has a fifty-two week low of $20.66 and a fifty-two week high of $35.29.
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A number of institutional investors have recently bought and sold shares of ATUS. Pelham Capital Ltd. purchased a new stake in Altice USA during the 2nd quarter valued at about $53,295,000. Coronation Fund Managers Ltd. purchased a new stake in Altice USA during the 2nd quarter valued at about $780,000. Egerton Capital UK LLP purchased a new stake in Altice USA during the 2nd quarter valued at about $64,600,000. Sei Investments Co. acquired a new position in shares of Altice USA in the 2nd quarter valued at about $4,370,000. Finally, TD Asset Management Inc. acquired a new position in shares of Altice USA in the 2nd quarter valued at about $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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