In a report released today, Alan Gould from Loop Capital Markets maintained a Hold rating on Altice Usa (ATUS – Research Report), with a price target of $2.00. The company’s shares closed yesterday at $1.92.
Gould covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Netflix, and News Corp. According to TipRanks, Gould has an average return of 4.2% and a 52.36% success rate on recommended stocks.
Currently, the analyst consensus on Altice Usa is a Hold with an average price target of $3.51.
ATUS market cap is currently $875.7M and has a P/E ratio of 16.44.
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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:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- DoorDash upgraded, Airbnb downgraded: Wall Street’s top analyst calls
- Altice USA downgraded to Underweight from Neutral at JPMorgan
- GE Aerospace upgraded, AmEx downgraded: Wall Street’s top analyst calls
- Altice USA downgraded to Underperform at Exane BNP Paribas with $1 target
