Benchmark Co. Keeps Their Buy Rating on Altice Usa Inc (ATUS)

By Carrie Williams

Benchmark Co. analyst Matthew Harrigan maintained a Buy rating on Altice Usa Inc (ATUSResearch Report) today and set a price target of $36. The company’s shares closed last Monday at $29.89, close to its 52-week high of $29.97.

Harrigan has an average return of 24.3% when recommending Altice Usa Inc.

According to TipRanks.com, Harrigan is ranked #549 out of 5554 analysts.

Currently, the analyst consensus on Altice Usa Inc is a Strong Buy with an average price target of $33.70, implying a 12.7% upside from current levels. In a report issued on September 5, Wells Fargo also maintained a Buy rating on the stock with a $35 price target.

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Altice Usa Inc’s market cap is currently $19.58B and has a P/E ratio of 68.51. The company has a Price to Book ratio of 7.75.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATUS in relation to earlier this year.

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.