Does a Guggenheim Downgrade Make Shares of Altice USA (NYSE:ATUS) a Sell?

September 17, 2017 - By Louis Casey

  Does a Guggenheim Downgrade Make Shares of Altice USA (NYSE:ATUS) a Sell?

Altice USA (NYSE:ATUS) Receives a Downgrade

In a research report issued to investors and clients on 15 September, Guggenheim has downgraded shares of Altice USA (NYSE:ATUS) stock to a “Neutral” and has set an estimated 12-month TP equal to $31.00. ATUS’s last stock rating by Guggenheim was a “Buy”.

Altice USA Inc (NYSE:ATUS) Ratings Coverage

Among 2 analysts covering Altice USA (NYSE:ATUS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Altice USA has $38 highest and $34 lowest target. $36’s average target is 31.87% above currents $27.3 stock price. Altice USA had 2 analyst reports since June 23, 2017 according to SRatingsIntel. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, July 26. The rating was initiated by Pivotal Research on Friday, June 23 with “Buy”.

The stock decreased 7.49% or $2.21 on September 15, reaching $27.3. About 5.10 million shares traded or 301.57% up from the average. Altice USA Inc (NYSE:ATUS) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors wait Altice USA Inc (NYSE:ATUS) to report on October, 26. its quarterly earnings Altice USA Inc’s Wall Street analysts see -94.12 % EPS growth, taking into account the $-0.17 EPS reproted in the previous quarter,

Altice USA, Inc. is engaged in providing broadband communications and video services in the United States. The company has market cap of $20.12 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 recent Altice USA Inc (NYSE:ATUS) news were published by: Bloomberg.com which released: “Altice USA Files to Raise Up to $1.4 Billion in IPO” on June 12, 2017. Also Nasdaq.com published the news titled: “Altice USA (ATUS) Inks Customer-Friendly Deal With Amdocs” on September 08, 2017. Nasdaq.com‘s news article titled: “Scopia Capital Management Llc Buys Spirit Realty Capital Inc, Altice USA Inc …” with publication date: August 31, 2017 was also an interesting one.

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