In a report issued on May 1, Gregory McNiff from Nomura maintained a Buy rating on Altice Usa (ATUS), with a price target of $42.00. The company’s shares closed last Friday at $24.99.
McNiff has an average return of 4.0% when recommending Altice Usa.
According to TipRanks.com, McNiff is ranked #2492 out of 6512 analysts.
Currently, the analyst consensus on Altice Usa is a Strong Buy with an average price target of $32.89, representing a 17.5% upside. In a report issued on April 21, Citigroup also maintained a Buy rating on the stock with a $31.00 price target.
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Based on Altice Usa’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.47 billion and net profit of $329K. In comparison, last year the company earned revenue of $2.45 billion and had a net profit of $213 million.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATUS in relation to earlier this year.
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Altice USA, Inc. engages in the provision of broadband, pay television, telephony services, proprietary content, and advertising services. Its brands include Optimum, Suddenlink, Lightpath, AMS, News 12 Networks, and News 12 Varsity. The company operates through the Cablevision and Cequel business segments. Altice USA was founded by Patrick Drahi in 2001 and is headquartered in Long Island City, NY.
