CBS Coverage Initiated by Analysts at Jefferies Group (CBS)
Investment analysts at Jefferies Group began coverage on shares of CBS (NYSE:CBS) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of CBS in a research note on Friday, May 30th. They now have a $63.00 price target on the stock. Separately, analysts at Barrington Research cut their price target on shares of CBS from $85.00 to $79.00 in a research note on Friday, May 9th. Finally, analysts at RBC Capital raised their price target on shares of CBS from $69.00 to $70.00 in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. CBS presently has an average rating of “Buy” and a consensus target price of $66.81.
Shares of CBS (NYSE:CBS) traded up 6.19% during mid-day trading on Wednesday, hitting $62.48. The stock had a trading volume of 32,264,276 shares. CBS has a 1-year low of $47.97 and a 1-year high of $68.10. The stock has a 50-day moving average of $59.17 and a 200-day moving average of $61.16. The company has a market cap of $35.507 billion and a P/E ratio of 19.03.
CBS (NYSE:CBS) last announced its earnings results on Thursday, May 8th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.03. The company had revenue of $3.86 million for the quarter, compared to the consensus estimate of $4.04 million. During the same quarter last year, the company posted $0.73 earnings per share. CBS’s revenue was down 4.6% compared to the same quarter last year. On average, analysts predict that CBS will post $3.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Friday, June 6th.
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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