Cablevision Systems Sees Significant Growth in Short Interest (CVC)
Cablevision Systems (NYSE:CVC) saw a significant increase in short interest in the month of May. As of May 30th, there was short interest totalling 49,618,833 shares, an increase of 4.0% from the May 15th total of 47,689,601 shares, StockRatingsNetwork.com reports. Approximately 24.0% of the company’s stock are short sold. Based on an average daily trading volume, of 2,500,191 shares, the days-to-cover ratio is presently 19.8 days.
A number of analysts have recently weighed in on CVC shares. Analysts at Zacks reiterated a “neutral” rating on shares of Cablevision Systems in a research note on Wednesday, June 18th. They now have a $18.00 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Cablevision Systems from $17.00 to $19.00 in a research note on Monday, June 16th. They now have a “hold” rating on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of Cablevision Systems from $23.00 to $25.00 in a research note on Friday, May 9th. They now have a “not rated” rating on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Cablevision Systems presently has a consensus rating of “Hold” and an average price target of $18.36.
Cablevision Systems (NYSE:CVC) opened at 17.44 on Tuesday. Cablevision Systems has a 52 week low of $14.65 and a 52 week high of $20.16. The stock’s 50-day moving average is $17.25 and its 200-day moving average is $16.90. The company has a market cap of $4.719 billion and a P/E ratio of 8.12.
Cablevision Systems (NYSE:CVC) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.03 by $0.30. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. Analysts expect that Cablevision Systems will post $0.81 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.