Miller Tabak Cuts Cablevision to Neutral (CVC)
Cablevision (NYSE: CVC) was downgraded by equities research analysts at Miller Tabak from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday. They currently have a $16.00 price target on the stock.
A number of other firms have also recently commented on CVC. Analysts at Morgan Stanley (NYSE: MS) cut their price target on shares of Cablevision to $15.00 in a research note to investors on Friday, March 16th. They now have an “underweight” rating on the stock. Separately, analysts at Deutsche Bank (NYSE: DB) downgraded shares of Cablevision from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, March 13rd. They now have a $15.00 price target on the stock. Finally, analysts at Citigroup (NYSE: C) raised their price target on shares of Cablevision to $23.00 in a research note to investors on Thursday, March 8th.
Cablevision traded down 3.47% on Thursday, hitting $13.07. Cablevision has a 1-year low of $11.57 and a 1-year high of $36.86. The company has a market cap of $3.585 billion and a price-to-earnings ratio of 13.17.
The company last announced its quarterly results on Thursday, May 3rd. It reported $0.21 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.20 EPS by $0.01. The company’s quarterly revenue was up .2% on a year-over-year basis. Analysts expect that Cablevision will post $0.23 EPS next quarter.
Cablevision Systems Corporation (Cablevision), through its subsidiary, CSC Holdings, LLC (CSC Holdings), is a cable operator in the United States.