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CBS (NYSE:CBS)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Thursday. They currently have a $63.00 price target on the stock. Zacks‘s price target indicates a potential upside of 4.27% from the stock’s previous close.

Shares of CBS (NYSE:CBS) traded down 0.71% during mid-day trading on Thursday, hitting $59.99. 1,367,250 shares of the company’s stock traded hands. CBS has a 1-year low of $50.88 and a 1-year high of $68.10. The stock has a 50-day moving average of $59.51 and a 200-day moving average of $61.07. The company has a market cap of $31.604 billion and a price-to-earnings ratio of 19.49. CBS also saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 18,781,465 shares, a drop of 13.5% from the July 31st total of 21,719,474 shares. Based on an average daily trading volume, of 6,656,897 shares, the short-interest ratio is currently 2.8 days. Currently, 4.0% of the shares of the company are short sold.

CBS (NYSE:CBS) last announced its earnings results on Thursday, August 7th. The company reported $0.78 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.72 by $0.06. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.24 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. Analysts expect that CBS will post $3.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Monday, September 8th. This is an increase from CBS’s previous quarterly dividend of $0.12.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays cut their price target on shares of CBS from $68.00 to $65.00 in a research note on Thursday, August 21st. They now have an “equal weight” rating on the stock. Separately, analysts at FIG Partners raised their price target on shares of CBS to $350,000.00 in a research note on Tuesday, August 19th. Finally, analysts at Evercore Partners reiterated a “conviction-buy” rating on shares of CBS in a research note on Monday, August 18th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $17,565.09.

In other CBS news, CEO Leslie Moonves sold 93,750 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $59.36, for a total transaction of $5,565,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CBS Corporation is a mass media company. The Company has operations in segments, which include Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.

To view Zacks’ full report, visit Zacks’ official website.

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