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Evercore ISI Keeps a Hold Rating on Altice Usa (ATUS)

In a report issued on July 10, James Ratcliffe from Evercore ISI maintained a Hold rating on Altice Usa (ATUSResearch Report), with a price target of $12.00. The company’s shares closed last Thursday at $11.23, close to its 52-week low of $7.58.

According to TipRanks.com, Ratcliffe is a 3-star analyst with an average return of 4.4% and a 71.4% success rate. Ratcliffe covers the Technology sector, focusing on stocks such as Lumen Technologies, Liberty Broadband, and Momentus.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Altice Usa with a $13.21 average price target, which is a 45.8% upside from current levels. In a report issued on July 11, Morgan Stanley also maintained a Hold rating on the stock with a $12.00 price target.

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The company has a one-year high of $35.24 and a one-year low of $7.58. Currently, Altice Usa has an average volume of 4.69M.

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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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