Pivotal Research analyst Jeffrey Wlodarczak reiterated a Buy rating on Altice Usa (ATUS) today and set a price target of $36.00. The company’s shares closed last Wednesday at $21.95.
According to TipRanks.com, Wlodarczak is a 5-star analyst with an average return of 5.7% and a 51.6% success rate. Wlodarczak covers the Services sector, focusing on stocks such as Liberty Media Liberty Formula One, Liberty Media Liberty SiriusXM, and Liberty Sirius XM Group.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Altice Usa with a $32.00 average price target, representing a 49.1% upside. In a report issued on March 18, Barclays also upgraded the stock to Buy with a $24.00 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 27 insiders, corporate insider sentiment is neutral on the stock.
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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.
