Guggenheim Reiterates “Positive” Rating for CBS Corp (CBS)
CBS Corp (NYSE:CBS)‘s stock had its “positive” rating restated by equities researchers at Guggenheim in a research report issued on Wednesday, AmericanBankingNews.com reports.
CBS Corp (NYSE:CBS) traded up 0.79% on Wednesday, hitting $58.33. 5,404,476 shares of the company’s stock traded hands. CBS Corp has a 1-year low of $41.33 and a 1-year high of $64.06. The stock has a 50-day moving average of $60.81 and a 200-day moving average of $57.22. The company has a market cap of $35.003 billion and a price-to-earnings ratio of 20.29.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Investors of record on Tuesday, March 11th will be given a dividend of 0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, March 7th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Topeka Capital Markets initiated coverage on shares of CBS Corp in a research note to investors on Friday, January 24th. They set a “buy” rating on the stock. Separately, analysts at Nomura initiated coverage on shares of CBS Corp in a research note to investors on Wednesday, January 15th. They set a “buy” rating and a $75.00 price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of CBS Corp in a research note to investors on Friday, December 27th. They now have a $66.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $62.38.
CBS Corporation is a mass media company. The Company has operations in segments, which include Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.
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