In a report released today, Kannan Venkateshwar from Barclays maintained a Hold rating on Altice Usa (ATUS – Research Report), with a price target of $2.00. The company’s shares closed yesterday at $2.59.
According to TipRanks, Venkateshwar is a 4-star analyst with an average return of 7.3% and a 57.47% success rate. Venkateshwar covers the Communication Services sector, focusing on stocks such as Verizon, Walt Disney, and AT&T.
Currently, the analyst consensus on Altice Usa is a Hold with an average price target of $4.26.
The company has a one-year high of $3.82 and a one-year low of $1.75. Currently, Altice Usa has an average volume of 4.53M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Altice Usa (ATUS) Company Description:
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.
Read More on ATUS:
- French prosecutors open corruption probe into Altice, Bloomberg reports
- Charter CEO says ‘generally like cable M&A,’ bar is ‘high’
- Lyft upgraded, Philip Morris downgraded: Wall Street’s top analyst calls
- Cable One upgraded to Buy at MoffettNathanson on ‘eye-catching’ valuation
- Altice USA upgraded to Neutral from Underperform at Exane BNP Paribas
