Cowen & Co. Thinks Altice Usa’s Stock is Going to Recover

In a report issued on November 5, Gregory Williams from Cowen & Co. maintained a Buy rating on Altice Usa (ATUSResearch Report), with a price target of $35.00. The company’s shares closed last Tuesday at $17.05, close to its 52-week low of $14.33.

Williams has an average return of 59.4% when recommending Altice Usa.

According to TipRanks.com, Williams is ranked #7128 out of 7761 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Altice Usa with a $22.57 average price target, a 33.2% upside from current levels. In a report issued on November 5, Goldman Sachs also maintained a Buy rating on the stock with a $24.00 price target.

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Altice Usa’s market cap is currently $7.79B and has a P/E ratio of 7.79.

Based on the recent corporate insider activity of 21 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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