Should Investors Avoid Altice USA (NYSE:ATUS) Shares? BidaskScore Has Just Downgraded Them

Altice USA (NYSE:ATUS) Receives a Downgrade

Market activity behind shares of Altice USA (NYSE:ATUS) will likely interesting today as BidaskScore decreased the stock to a “Buy” rating.

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. KeyBanc Capital Markets maintained it with “Overweight” rating and $3100 target in Thursday, August 1 report. The firm has “Buy” rating given on Thursday, August 1 by UBS. Citigroup maintained Altice USA, Inc. (NYSE:ATUS) on Friday, August 23 with “Buy” rating. TD Securities downgraded it to “Hold” rating and $3300 target in Thursday, September 19 report. The firm has “Buy” rating by Citigroup given on Friday, October 4. On Thursday, August 1 the stock rating was maintained by Nomura with “Buy”. The firm earned “Buy” rating on Thursday, September 19 by Benchmark. The firm has “Buy” rating given on Wednesday, September 11 by Nomura. Guggenheim maintained Altice USA, Inc. (NYSE:ATUS) on Thursday, September 19 with “Buy” rating.

The stock decreased 0.60% or $0.17 during the last trading session, reaching $28.08. About 7.53 million 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 $83.49 million 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: Businesswire.com which released: “Altice Mobile, the New ‘Unlimited Everything’ Mobile Service, Is Here – Business Wire” on September 05, 2019, also Finance.Yahoo.com with their article: “Altice USA (ATUS) Q2 2019 Earnings Call Transcript – Yahoo Finance” published on August 01, 2019, Finance.Yahoo.com published: “Hedge Funds Have Never Been This Bullish On Altice USA, Inc. (ATUS) – Yahoo Finance” on June 10, 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 Q2 2019 Earnings Preview – Seeking Alpha” with publication date: July 30, 2019.

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

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