Morgan Stanley (NYSE:MS) analyst Benjamin Swinburne maintained a Hold rating on Altice Usa (NYSE:ATUS) Inc on Thursday, setting a price target of $35, which is approximately 2.61% above the present share price of $34.11.
Swinburne expects Altice Usa Inc to post earnings per share (EPS) of $0.58 for the third quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Altice Usa, with an average price target of $39.3.
The analysts price targets range from a high of $48 to a low of $34.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $2.48 billion and a net profit of $611.67 million. The company's market cap is $15.68 billion.
According to TipRanks.com, Morgan Stanley analyst Benjamin Swinburne is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 10.2% and a 62.06% success rate.
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 (NYSE:CVC) and Cequel business segments. Altice USA was founded by Patrick Drahi in 2001 and is headquartered in Long Island City, NY.