Cablevision Systems Given Average Recommendation of “Hold” by Analysts (NYSE:CVC)
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.
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