Cablevision Systems Corp. Coverage Initiated by Analysts at National Alliance Securities (CVC)
National Alliance Securities initiated coverage on shares of Cablevision Systems Corp. (NYSE:CVC) in a research note issued on Friday, American Banking & Market News reports. The firm set a “buy” rating on the stock.
A number of other firms have also recently commented on CVC. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Cablevision Systems Corp. (NYSE:CVC) in a research note to investors on Friday. They now have a $12.00 price target on the stock. Separately, analysts at Nomura reiterated a “hold” rating on shares of Cablevision Systems Corp. (NYSE:CVC) in a research note to investors on Tuesday, September 3rd. They now have a $20.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Cablevision Systems Corp. (NYSE:CVC) from $14.25 to $17.50 in a research note to investors on Tuesday, September 3rd. They now have a “neutral” rating on the stock.
Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.14.
Shares of Cablevision Systems Corp. (NYSE:CVC) traded up 0.11% during mid-day trading on Friday, hitting $17.67. 1,092,497 shares of the company’s stock traded hands. Cablevision Systems Corp. has a 1-year low of $13.21 and a 1-year high of $20.16. The stock’s 50-day moving average is $18.42 and its 200-day moving average is $16.19. The company has a market cap of $4.725 billion and a P/E ratio of 19.74.
Cablevision Systems Corp. (NYSE:CVC) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that Cablevision Systems Corp. will post $0.27 EPS for the current fiscal year.
Cablevision Systems Corporation (NYSE:CVC), through its wholly owned subsidiary CSC Holdings, LLC (CSC Holdings, and collectively with Cablevision) and their subsidiaries operates in the United States based on the number of video customers.
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