Share on StockTwits

Cablevision Systems (NYSE:CVC) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, AnalystRatingsNetwork.com reports. Seven research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $19.00.

Shares of Cablevision Systems (NYSE:CVC) traded up 1.17% on Friday, hitting $18.95. The stock had a trading volume of 174,893 shares. Cablevision Systems has a 52 week low of $14.65 and a 52 week high of $20.42. The stock’s 50-day moving average is $18.57 and its 200-day moving average is $17.52. The company has a market cap of $5.138 billion and a P/E ratio of 9.48.

Cablevision Systems (NYSE:CVC) last released its earnings data on Tuesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.17. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis.

The company also recently announced a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Wednesday, August 13th.

In other Cablevision Systems news, EVP David Ellen sold 60,695 shares of Cablevision Systems stock on the open market in a transaction dated Thursday, August 28th. The shares were sold at an average price of $18.23, for a total value of $1,106,469.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

CVC has been the subject of a number of recent research reports. Analysts at Evercore Partners raised their price target on shares of Cablevision Systems from $7.00 to $9.00 in a research note on Friday, August 8th. Separately, analysts at Citigroup Inc. upgraded shares of Cablevision Systems from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 6th. They now have a $18.00 price target on the stock, up previously from $17.00. Finally, analysts at Telsey Advisory Group reiterated a “” rating on shares of Cablevision Systems in a research note on Tuesday, August 5th. They now have a $25.00 price target on the stock.

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.

Receive News & Ratings for Cablevision Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cablevision Systems and related companies with Analyst Ratings Network's FREE daily email newsletter.