How Will Altice USA (ATUS) Stock React To New Rating Coverage byKeyBanc?

May 17, 2018 - By Eugene Smith

Why Has KeyBanc Given Altice USA (ATUS) a $25.0 Price Target

KeyBanc analyst began coverage on Altice USA (ATUS) with a $25.0 target price and Overweight rating. The target price would indicate a potential upside of 5.57 % from firm’s current price.

Altice USA, Inc. (NYSE:ATUS) Ratings Coverage

Among 9 analysts covering Altice USA (ATUS), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Altice USA has $32 highest and $23.5 lowest target. $27.06’s average target is 29.04% above currents $20.97 stock price. Altice USA had 9 analyst reports since January 23, 2018 according to SRatingsIntel. The stock of Altice USA, Inc. (NYSE:ATUS) earned “Buy” rating by Citigroup on Monday, April 30. Cowen & Co initiated Altice USA, Inc. (NYSE:ATUS) rating on Monday, March 26. Cowen & Co has “Buy” rating and $2500 target. As per Tuesday, March 6, the company rating was maintained by JP Morgan. On Tuesday, March 13 the stock rating was upgraded by Goldman Sachs to “Buy”. The firm has “Overweight” rating given on Tuesday, January 23 by Barclays Capital.

The stock increased 3.66% or $0.74 during the last trading session, reaching $20.97. About 5.76M shares traded or 189.56% up from the average. Altice USA, Inc. (ATUS) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await Altice USA, Inc. (NYSE:ATUS) to report earnings on July, 26. They expect $-0.08 EPS, up 52.94 % or $0.09 from last year’s $-0.17 per share. After $-0.16 actual EPS reported by Altice USA, Inc. for the previous quarter, Wall Street now forecasts -50.00 % EPS growth.

Altice USA, Inc., together with its subsidiaries, operates as a broadband communications and video services well-known provider in the United States. The company has market cap of $15.46 billion. It operates through Cablevision and Cequel divisions. It has a 9.62 P/E ratio. The firm delivers broadband, pay television, telephony services, Wi-Fi hotspot access, proprietary content, and advertising services to approximately 4.9 million residential and business customers.

More important recent Altice USA, Inc. (NYSE:ATUS) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018, also Benzinga.com published article titled: “No Cord Cutting: KeyBanc Prefers Cable Over Wireless In Broadband Picks”, Seekingalpha.com published: “Net neutrality comes to an end” on April 24, 2018. More interesting news about Altice USA, Inc. (NYSE:ATUS) was released by: Benzinga.com and their article: “Maddie Schrage” with publication date: May 17, 2018.

Altice USA, Inc. (NYSE:ATUS) Ratings Chart

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