Altice USA (ATUS) Reaches $20.05 After 9.00% Down Move; Dodge & Cox Increased By $888,240 Its Icici Bank LTD (IBN) Holding

November 14, 2017 - By Pete Kolinski

The stock of Altice USA Inc (NYSE:ATUS) is a huge mover today! About 2.17M shares traded or 21.23% up from the average. Altice USA Inc (NYSE:ATUS) has 0.00% since November 14, 2016 and is . It has underperformed by 16.70% the S&P500.The move comes after 9 months negative chart setup for the $14.78B company. It was reported on Nov, 14 by Barchart.com. We have $18.25 PT which if reached, will make NYSE:ATUS worth $1.33 billion less.

Dodge & Cox increased Icici Bank Ltd (IBN) stake by 5.77% reported in 2017Q2 SEC filing. Dodge & Cox acquired 111,030 shares as Icici Bank Ltd (IBN)’s stock rose 14.25%. The Dodge & Cox holds 2.04M shares with $18.27 million value, up from 1.93 million last quarter. Icici Bank Ltd now has $31.10B valuation. The stock rose 0.37% or $0.03 reaching $9.5 per share. About 3.66 million shares traded. ICICI Bank Ltd (ADR) (NYSE:IBN) has risen 45.32% since November 14, 2016 and is uptrending. It has outperformed by 28.62% the S&P500.

Dodge & Cox decreased Coach Inc (NYSE:COH) stake by 90,175 shares to 15.02 million valued at $711.14M in 2017Q2. It also reduced Charles Schwab Corp/The (NYSE:SCHW) stake by 774,562 shares and now owns 94.78M shares. Concho Resources Inc (NYSE:CXO) was reduced too.

Among 6 analysts covering ICICI Bank (NYSE:IBN), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. ICICI Bank had 10 analyst reports since August 19, 2015 according to SRatingsIntel. As per Thursday, September 3, the company rating was upgraded by Zacks. The company was upgraded on Tuesday, August 25 by Zacks. Goldman Sachs upgraded the shares of IBN in report on Monday, September 14 to “Buy” rating. On Monday, October 30 the stock rating was upgraded by Jefferies to “Buy”. The stock of ICICI Bank Ltd (ADR) (NYSE:IBN) earned “Outperform” rating by Credit Suisse on Thursday, April 21. Standpoint Research upgraded ICICI Bank Ltd (ADR) (NYSE:IBN) on Wednesday, August 26 to “Hold” rating. On Tuesday, May 3 the stock rating was downgraded by Goldman Sachs to “Neutral”. Zacks upgraded ICICI Bank Ltd (ADR) (NYSE:IBN) on Wednesday, August 19 to “Sell” rating. The rating was upgraded by UBS to “Buy” on Friday, October 21. The company was upgraded on Monday, October 24 by Goldman Sachs.

Among 6 analysts covering Altice USA (NYSE:ATUS), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Altice USA had 6 analyst reports since June 23, 2017 according to SRatingsIntel. As per Wednesday, July 26, the company rating was initiated by Wells Fargo. The firm has “Buy” rating by Goldman Sachs given on Tuesday, November 7. The company was downgraded on Friday, September 15 by Guggenheim. RBC Capital Markets maintained it with “Outperform” rating and $35 target in Tuesday, November 14 report. The rating was initiated by Pivotal Research with “Buy” on Friday, June 23. Moffett Nathanson upgraded the stock to “Buy” rating in Friday, November 10 report.

Analysts await Altice USA Inc (NYSE:ATUS) to report earnings on February, 1. ATUS’s profit will be $7.37M for 501.25 P/E if the $0.01 EPS becomes a reality. After $-0.08 actual earnings per share reported by Altice USA Inc for the previous quarter, Wall Street now forecasts -112.50% EPS growth.

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