Altice USA, Inc. (ATUS) Forms Descending Triangle Chart Pattern at $19.67

April 16, 2018 - By Daniel Mitchell

Altice USA, Inc. (ATUS)’s chart made a descending triangle with $21.24 price target. That’s 8.00 % above today’s $19.67 price per share. The $14.50B company has low risk because of the 8 months triangle setup. The company’s valuation will be $1.16B more at $21.24 price target.

The stock increased 2.18% or $0.42 during the last trading session, reaching $19.67.Altice USA, Inc. is after having 0.00% since April 16, 2017. ATUS has 1.88 million volume or 3.29% up from normal. The stock underperformed the S&P500 by 11.55%.

Analysts await Altice USA, Inc. (NYSE:ATUS) to report earnings on May, 22.

Altice USA, Inc. (NYSE:ATUS) Ratings Coverage

In total 4 analysts cover Altice USA (NYSE:ATUS). “Buy” rating has 4, “Sell” are 0, while 0 are “Hold”. 100% are bullish. 4 are the (NYSE:ATUS)’s analyst reports since November 7, 2017 according to StockzIntelligence Inc. On Friday, November 10 Moffett Nathanson upgraded Altice USA, Inc. (NYSE:ATUS) to “Buy” rating. On Wednesday, December 6 the rating was maintained by Pivotal Research with “Buy”. On Tuesday, November 7 the stock has “Buy” rating by Goldman Sachs. On Tuesday, November 14 the stock has “Outperform” rating by RBC Capital Markets.

Altice USA, Inc. (NYSE:ATUS) Analyst Ratings Chart

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