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Buckingham analyst Matthew Harrigan maintained a Buy rating on Altice Usa Inc (NYSE: ATUS) today and set a price target of $28. The company’s shares closed yesterday at $19.01, close to its 52-week low of $16.25.
According to TipRanks.com, Harrigan is a 4-star analyst with an average return of 6.4% and a 61.9% success rate. Harrigan covers the Services sector, focusing on stocks such as Charter Communications, Sirius XM Holdings Inc, and Netflix.
Currently, the analyst consensus on Altice Usa Inc is Strong Buy and the average price target is $26.50, representing a 39.4% upside.
In a report issued on May 16, KeyBanc also initiated coverage with a Buy rating on the stock with a $25 price target.
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Altice Usa Inc’s market cap is currently $14.01B and has a P/E ratio of 9.90. The company has a Price to Book ratio of 2.60.
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Altice USA, Inc. engages in the provision of broadband, pay television, telephony services, proprietary content, and advertising services. Its brand includes Optimum, Suddenlink, Lightpath, AMS, News 12 Networks, and News 12 Varsity. It operates through the Cablevision and Cequel business segments.
