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Altice Usa (ATUS) Gets a Hold Rating from Wells Fargo

In a report released yesterday, Steven Cahall from Wells Fargo maintained a Hold rating on Altice Usa (ATUSResearch Report), with a price target of $16.00. The company’s shares closed last Thursday at $11.83.

According to TipRanks.com, Cahall is a 3-star analyst with an average return of 1.3% and a 50.0% success rate. Cahall covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class B, Interpublic Group of Companies, and Charter Communications.

Currently, the analyst consensus on Altice Usa is a Hold with an average price target of $19.17, representing a 59.6% upside. In a report released yesterday, Atlantic Equities also downgraded the stock to Hold with a $13.00 price target.

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Altice Usa’s market cap is currently $6.7B and has a P/E ratio of 6.58.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ATUS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Altice USA, Inc. engages in the provision of broadband, pay television, telephony services, proprietary content, and advertising services. Its brands include Optimum, Suddenlink, Lightpath, AMS, News 12 Networks, and News 12 Varsity. The company operates through the Cablevision and Cequel business segments. Altice USA was founded by Patrick Drahi in 2001 and is headquartered in Long Island City, NY.

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