RBC Capital analyst Kutgun Maral maintained a Buy rating on Altice Usa (ATUS) on May 1 and set a price target of $33.00. The company’s shares closed last Friday at $24.99.
According to TipRanks.com, Maral is a 2-star analyst with an average return of 0.7% and a 33.3% success rate. Maral covers the Services sector, focusing on stocks such as Charter Communications, Lions Gate Ent Cl A, and Sirius XM Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Altice Usa with a $32.89 average price target, 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.
