EU: Altice USA (ATUS) Stock Has Just Had Its “Market Perform” Rating Reiterated by Wells Fargo. Shares now Have a $21 Target

June 12, 2018 - By Darrin Black

Altice USA (ATUS) Rating Reaffirmed

Wells Fargo now has a $21 price target on shares of Altice USA (ATUS). The price target would indicate a potential upside of 19.18 % from the last stock price of Altice USA (ATUS). This rating was released in an analyst report on Tuesday morning.

Altice Europe N.V. (NYSE:ATUS) Ratings Coverage

Among 10 analysts covering Altice USA (ATUS), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Altice USA has $32 highest and $23.5 lowest target. $26.65’s average target is 51.25% above currents $17.62 stock price. Altice USA had 11 analyst reports since January 23, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Tuesday, March 6 by JP Morgan. The rating was upgraded by Goldman Sachs to “Buy” on Tuesday, March 13. The firm earned “Overweight” rating on Tuesday, January 23 by Barclays Capital. Citigroup maintained the stock with “Buy” rating in Monday, April 30 report. Buckingham Research maintained the stock with “Buy” rating in Wednesday, May 23 report. On Monday, March 26 the stock rating was initiated by Cowen & Co with “Buy”.

The stock decreased 1.56% or $0.28 during the last trading session, reaching $17.62. About 4.04M shares traded or 27.35% up from the average. Altice Europe N.V. (ATUS) has 0.00% since June 12, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Altice Europe N.V. (NYSE:ATUS) to report earnings on July, 26. They expect $-0.04 EPS, up 76.47 % or $0.13 from last year’s $-0.17 per share. After $-0.16 actual EPS reported by Altice Europe N.V. for the previous quarter, Wall Street now forecasts -75.00 % 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 $12.99 billion. It operates through Cablevision and Cequel divisions. It has a 8.08 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.

Altice Europe N.V. (NYSE:ATUS) Ratings Chart

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