BidaskScore Finally Downgrades Altice USA (NYSE:ATUS)

Altice USA (NYSE:ATUS) Receives a Downgrade

BidaskScore lowered Altice USA (NYSE:ATUS) shares to a “Buy” rating in analysts report issued to investors and clients today.

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

Among 7 analysts covering Altice USA (NYSE:ATUS), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Altice USA has $4200 highest and $3000 lowest target. $34.57’s average target is 23.11% above currents $28.08 stock price. Altice USA had 11 analyst reports since August 1, 2019 according to SRatingsIntel. The rating was maintained by Benchmark on Thursday, September 19 with “Buy”. Guggenheim maintained Altice USA, Inc. (NYSE:ATUS) rating on Thursday, September 19. Guggenheim has “Buy” rating and $3300 target. The firm has “Buy” rating by UBS given on Thursday, August 1. Citigroup maintained Altice USA, Inc. (NYSE:ATUS) rating on Friday, October 4. Citigroup has “Buy” rating and $3700 target. The firm has “Hold” rating by TD Securities given on Thursday, September 19. Nomura maintained it with “Buy” rating and $4200 target in Wednesday, September 11 report. The company was maintained on Thursday, August 1 by Nomura. Citigroup maintained the shares of ATUS in report on Friday, August 23 with “Buy” rating. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, August 1 report.

The stock decreased 0.60% or $0.17 during the last trading session, reaching $28.08. About 7.53M shares traded or 50.41% up from the average. Altice USA, Inc. (NYSE:ATUS) has risen 57.86% since October 13, 2018 and is uptrending. It has outperformed by 57.86% the S&P500.

Analysts await Altice USA, Inc. (NYSE:ATUS) to report earnings on November, 4. They expect $0.10 EPS, up 150.00 % or $0.06 from last year’s $0.04 per share. ATUS’s profit will be $83.49M for 70.20 P/E if the $0.10 EPS becomes a reality. After $0.13 actual EPS reported by Altice USA, Inc. for the previous quarter, Wall Street now forecasts -23.08 % negative 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 $23.44 billion. It operates through Cablevision and Cequel divisions. It has a 64.26 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 notable recent Altice USA, Inc. (NYSE:ATUS) news were published by: Finance.Yahoo.com which released: “Altice USA (ATUS) Q2 2019 Earnings Call Transcript – Yahoo Finance” on August 01, 2019, also Benzinga.com with their article: “Earnings Scheduled For July 31, 2019 – Benzinga” published on July 31, 2019, Seekingalpha.com published: “Appeals court largely upholds net neutrality dereg – Seeking Alpha” on October 01, 2019. More interesting news about Altice USA, Inc. (NYSE:ATUS) were released by: Finance.Yahoo.com and their article: “Altice USA (NYSE:ATUS) Shareholders Have Enjoyed A 56% Share Price Gain – Yahoo Finance” published on July 25, 2019 as well as Seekingalpha.com‘s news article titled: “Altice USA: Growth Should Continue Thanks To Favorable Outlook – Seeking Alpha” with publication date: July 19, 2019.

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

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