RBC Capital analyst Kutgun Maral maintained a Buy rating on Altice Usa (ATUS – Research Report) on January 18 and set a price target of $10.00. The company’s shares closed yesterday at $4.80.
According to TipRanks, Maral is a 3-star analyst with an average return of 3.1% and a 45.67% success rate. Maral covers the Services sector, focusing on stocks such as Charter Communications, Walt Disney, and Endeavor Group Holdings Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Altice Usa with a $5.96 average price target.
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ATUS market cap is currently $2.12B and has a P/E ratio of 3.27.
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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.
Read More on ATUS:
- Altice USA downgraded to Underperform from Neutral at Exane BNP Paribas
- Altice USA downgraded to Neutral from Buy at Goldman Sachs
- High-speed internet upgrade spending sinking this cable stock
- Altice USA resumed with an Underperform at BofA
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