Credit Suisse analyst Douglas Mitchelson reiterated a Buy rating on Altice Usa Inc (ATUS – Research Report) on September 5 and set a price target of $30. The company’s shares closed last Monday at $28.43, close to its 52-week high of $29.89.
According to TipRanks.com, Mitchelson is a 5-star analyst with an average return of 15.3% and a 62.5% success rate. Mitchelson covers the Services sector, focusing on stocks such as Charter Communications, Walt Disney, and Comcast.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Altice Usa Inc with a $32.64 average price target, representing a 10.8% upside. In a report issued on August 23, Citigroup also maintained a Buy rating on the stock with a $32 price target.
The company has a one-year high of $29.89 and a one-year low of $14.50. Currently, Altice Usa Inc has an average volume of 5.09M.
Based on the recent corporate insider activity of 27 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.
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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.