Altice USA (ATUS) Reaching An Inflection Point; Citigroup Initiates Shares At “Buy” with $44 target

July 17, 2017 - By Migdalia James

 Altice USA (ATUS) Reaching An Inflection Point; Citigroup Initiates Shares At

Why Has Citigroup Given Altice USA (ATUS) a $44 Price Target

Citigroup started its coverage for Altice USA (ATUS), this morning 17 July. The financial firm found the stock of ATUS quite attractive and now has a target price of $44 with a key “Buy” rating.

Altice USA Inc (NYSE:ATUS) Ratings Coverage

Among 8 analysts covering Altice USA (ATUS), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Altice USA has $44 highest and $32 lowest target. $38.25’s average target is 20.09% above currents $31.85 stock price. Altice USA had 8 analyst reports since June 23, 2017 according to SRatingsIntel. The rating was initiated by J.P. Morgan with “Buy” on Monday, July 17.

About 736 shares traded. Altice USA Inc (ATUS) has 0.00% since July 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Altice USA, Inc. is engaged in providing broadband communications and video services in the United States. The company has market cap of $23.61 billion. The Company’s divisions include Cablevision and Cequel. It currently has negative earnings. Cablevision provides broadband, pay television and telephony services to residential and business clients in and around the New York metropolitan area.

More notable recent Altice USA Inc (NYSE:ATUS) news were published by: Bizjournals.com which released: “Altice USA files for IPO” on April 11, 2017, also Marketwatch.com with their article: “31.79” published on May 22, 2017, Bloomberg.com published: “Altice USA CEO Goei Thinks Ahead to M&A on First Day of Trading” on June 21, 2017. More interesting news about Altice USA Inc (NYSE:ATUS) were released by: Reuters.com and their article: “BRIEF-Altice USA Inc shares open at $31.60 on the NYSE vs IPO price of $30.00 …” published on June 22, 2017 as well as Bloomberg.com‘s news article titled: “Altice’s Cablevision Wins Appeal in Game Show Network Case” with publication date: July 14, 2017.

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