Optimum Communications Inc Class A (OPTU) Receives a Sell from Wells Fargo

Wells Fargo analyst Steven Cahall maintained a Sell rating on Optimum Communications Inc Class A today and set a price target of $0.75.

According to TipRanks, Cahall is a 5-star analyst with an average return of 8.7% and a 55.56% success rate. Cahall covers the Communication Services sector, focusing on stocks such as AT&T, Charter Communications, and Comcast.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Optimum Communications Inc Class A with a $1.05 average price target.

Based on Optimum Communications Inc Class A’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.02 billion and a GAAP net loss of $291.76 million. In comparison, last year the company earned a revenue of $2.15 billion and had a GAAP net loss of $96.25 million

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OPTU in relation to earlier this year.