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Morgan Stanley Reaffirms Their Hold Rating on Altice Usa (ATUS)

In a report released today, Benjamin Swinburne from Morgan Stanley maintained a Hold rating on Altice Usa (ATUSResearch Report), with a price target of $11.00. The company’s shares closed last Thursday at $11.18, close to its 52-week low of $7.58.

According to TipRanks.com, Swinburne is a 5-star analyst with an average return of 8.6% and a 56.3% success rate. Swinburne covers the Services sector, focusing on stocks such as Madison Square Garden Entertainment, Liberty Media Liberty Formula One, and Liberty Media Liberty Formula One.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Altice Usa with a $14.00 average price target, which is a 32.7% upside from current levels. In a report released today, Wells Fargo also maintained a Hold rating on the stock with a $11.00 price target.

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Altice Usa’s market cap is currently $4.4B and has a P/E ratio of 5.35.

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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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