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Shares of CBS (NYSE:CBS) have received a consensus recommendation of “Buy” from the twenty-six ratings firms that are currently covering the stock, Analyst Ratings.Net reports. Four research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $17,565.09.

Shares of CBS (NYSE:CBS) opened at 59.29 on Tuesday. CBS has a 52 week low of $52.55 and a 52 week high of $68.10. The stock has a 50-day moving average of $59.32 and a 200-day moving average of $61.05. The company has a market cap of $31.235 billion and a P/E ratio of 19.21. CBS also was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totalling 18,781,465 shares, a decrease of 13.5% from the July 31st total of 21,719,474 shares. Currently, 4.0% of the shares of the company are short sold. Based on an average daily volume of 6,656,897 shares, the short-interest ratio is presently 2.8 days.

CBS (NYSE:CBS) last released its earnings data on Thursday, August 7th. The company reported $0.78 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.76 earnings per share. CBS’s revenue was down 5.4% compared to the same quarter last year. On average, analysts predict that CBS will post $3.32 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from CBS’s previous quarterly dividend of $0.12.

CBS has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of CBS in a research note on Thursday. They now have a $63.00 price target on the stock. Separately, 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. Finally, analysts at FIG Partners raised their price target on shares of CBS to $350,000.00 in a research note on Tuesday, August 19th.

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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