Bank of America Begins Covering Altice USA (ATUS) Stock. “Shares to Hit $36”

July 17, 2017 - By Richard Conner

 Bank of America Begins Covering Altice USA (ATUS) Stock. “Shares to Hit $36”

Why Has Bank of America Given Altice USA (ATUS) a $36 Price Target

The financial firm Bank of America has today started coverage on Altice USA (ATUS) shares, with a “Neutral” rating, while setting the price target at $36.

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. As per Monday, July 17, the company rating was initiated by J.P. Morgan.

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: Fool.com which released: “Instant Analysis: Altice USA Shares Rise 9% on First Day of Trading” on June 26, 2017, also Bloomberg.com with their article: “Altice’s Cablevision Wins Appeal in Game Show Network Case” published on July 14, 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: Bloomberg.com and their article: “Altice USA Files to Raise Up to $1.4 Billion in IPO” published on June 12, 2017 as well as Seekingalpha.com‘s news article titled: “Altice Is Wired To Soar Ahead Of Quiet Period Expiration” with publication date: July 11, 2017.

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