Altice USA Inc (ATUS) Now Covered by Analysts at Citigroup Inc.

Stock analysts at Citigroup Inc. started coverage on shares of Altice USA Inc (NASDAQ:ATUS) in a report issued on Monday, July 17th, Marketbeat reports. The brokerage set a “buy” rating and a $44.00 price target on the stock. Citigroup Inc.’s price target would indicate a potential upside of 39.73% from the stock’s current price.

Other analysts have also issued reports about the company. Guggenheim started coverage on Altice USA in a research note on Wednesday, July 12th. They issued a “buy” rating and a $38.00 price target on the stock. Pivotal Research started coverage on Altice USA in a research note on Thursday, June 22nd. They issued a “buy” rating and a $38.00 price target on the stock. Barclays PLC started coverage on Altice USA in a research note on Monday, July 17th. They issued an “equal weight” rating and a $32.00 price target on the stock. Morgan Stanley started coverage on Altice USA in a research note on Monday, July 17th. They issued an “equal weight” rating and a $31.00 price target on the stock. Finally, Bank of America Corporation started coverage on Altice USA in a research note on Monday, July 17th. They issued a “neutral” rating and a $36.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $36.42.

Altice USA (NASDAQ:ATUS) traded up 1.45% on Monday, hitting $31.49. The stock had a trading volume of 371,784 shares. Altice USA has a one year low of $30.30 and a one year high of $35.29. The stock’s 50 day moving average is $32.12 and its 200 day moving average is $32.14. The stock’s market cap is $23.21 billion.

ILLEGAL ACTIVITY NOTICE: This report was first published by BNB Daily and is owned by of BNB Daily. If you are viewing this report on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark laws. The legal version of this report can be accessed at https://www.baseball-news-blog.com/2017/08/14/altice-usa-inc-atus-receives-new-coverage-from-analysts-at-citigroup-inc-updated-updated-updated.html.

In related news, Vice Chairman Lisa Rosenblum bought 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average cost of $30.00 per share, for a total transaction of $90,000.00. Following the acquisition, the insider now owns 18,751 shares in the company, valued at approximately $562,530. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Abdelhakim Boubazine bought 65,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 27th. The shares were bought at an average price of $30.00 per share, for a total transaction of $1,950,000.00. Following the completion of the acquisition, the insider now owns 937,544 shares in the company, valued at approximately $28,126,320. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 74,000 shares of company stock worth $2,220,000.

Large investors have recently made changes to their positions in the stock. Pelham Capital Ltd. bought a new stake in shares of Altice USA during the second quarter valued at approximately $53,295,000. Coronation Fund Managers Ltd. bought a new stake in shares of Altice USA during the second quarter valued at approximately $780,000. Egerton Capital UK LLP bought a new stake in shares of Altice USA during the second quarter valued at approximately $64,600,000. Sei Investments Co. bought a new stake in shares of Altice USA during the second quarter valued at approximately $4,370,000. Finally, TD Asset Management Inc. bought a new stake in shares of Altice USA during the second quarter valued at approximately $656,000.

About Altice USA

Altice USA, Inc is engaged in providing broadband communications and video services in the United States. The Company’s segments include Cablevision and Cequel. Cablevision provides broadband, pay television and telephony services to residential and business customers in and around the New York metropolitan area.

Analyst Recommendations for Altice USA (NASDAQ:ATUS)

Receive News & Ratings for Altice USA Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altice USA Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply