Optimum Communications (NYSE:OPTU) Shares Down 6.1% - What's Next?

2026-04-07 14:45:11 ET

Shares of Optimum Communications, Inc. ( NYSE:OPTU – Get Free Report ) traded down 6.1% on Tuesday . The stock traded as low as $1.29 and last traded at $1.3050. 758,475 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 2,260,994 shares. The stock had previously closed at $1.39.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Optimum Communications from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 18th. Citigroup downgraded shares of Optimum Communications from a “buy” rating to a “neutral” rating in a research note on Sunday, February 15th. Benchmark downgraded shares of Optimum Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Evercore set a $2.00 target price on shares of Optimum Communications in a research note on Friday, February 13th. Finally, Raymond James Financial downgraded shares of Optimum Communications from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 11th. Four research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $2.19.

Get Our Latest Analysis on Optimum Communications

Optimum Communications Trading Down 4.7%

The stock has a market capitalization of $623.36 million, a P/E ratio of -0.33 and a beta of 1.51. The stock’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $1.83.

Optimum Communications ( NYSE:OPTU – Get Free Report ) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.14). During the same quarter in the previous year, the company posted ($0.12) EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, sell-side analysts expect that Optimum Communications, Inc. will post -0.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Optimum Communications news, General Counsel Michael Olsen sold 250,000 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $1.60, for a total transaction of $400,000.00. Following the transaction, the general counsel directly owned 1,496,277 shares in the company, valued at $2,394,043.20. This represents a 14.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link . In the last 90 days, insiders have sold 290,000 shares of company stock worth $453,800. Corporate insiders own 44.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Swiss Life Asset Management Ltd acquired a new stake in shares of Optimum Communications during the third quarter worth $26,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Optimum Communications during the third quarter worth $27,000. Cibc World Markets Corp acquired a new stake in shares of Optimum Communications during the fourth quarter worth $29,000. Voleon Capital Management LP acquired a new stake in shares of Optimum Communications during the third quarter worth $31,000. Finally, Xponance LLC acquired a new stake in shares of Optimum Communications during the fourth quarter worth $34,000. 54.85% of the stock is currently owned by institutional investors.

About Optimum Communications

( Get Free Report )

Altice USA, Inc, together with its subsidiaries, provides broadband communications and video services in the United States, Canada, Puerto Rico, and the Virgin Islands. It offers broadband, video, telephony, and mobile services to approximately five million residential and business customers. The company’s video services include delivery of broadcast stations and cable networks; over the top services; video-on-demand, high-definition channels, digital video recorder, and pay-per-view services; and platforms for video programming through mobile applications.

Further Reading

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