TD Securities lowered the firm’s price target on Altice USA to $4.75 from $6 and keeps a Hold rating on the shares. The company’s Q4 results missed estimates and weak revenue trends have resulted in its debt leverage remaining elevated, the analyst tells investors in a research note. The firm wants to see tangible evidence of a turnaround in subscriber and EBITDA growth before recommending the shares.
Published first on TheFly
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