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RBC Capital Stick to Their Buy Rating for Altice Usa Inc

Published 10/28/2020, 09:54 PM
Updated 10/28/2020, 09:54 PM


RBC Capital analyst Kutgun Maral maintained a Buy rating on Altice Usa (NYSE:ATUS) Inc on Tuesday, setting a price target of $33, which is approximately 22.72% above the present share price of $26.89.

Maral expects Altice Usa Inc to post earnings per share (EPS) of $0.19 for the fourth quarter of 2020.

The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Altice Usa, with an average price target of $35.56.
The analysts price targets range from a high of $41 to a low of $30.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $2.47 billion and a net profit of $549.67 million. The company's market cap is $15.98 billion.

According to TipRanks.com, RBC Capital analyst Kutgun Maral is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.7% and a 46.43% 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.

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