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.

See today’s best-performing stocks on TipRanks >>

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

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.

Read More on ATUS:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More