UBS AG Raises Price Target on CBS (CBS)
Shares of CBS traded up 0.02% during mid-day trading on Wednesday, hitting $34.1985. CBS has a 52 week low of $17.99 and a 52 week high of $35.00. The company has a market cap of $22.198 billion and a P/E ratio of 17.80.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.54 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.43 EPS by $0.11. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts predict that CBS will post $0.63 earnings per share next quarter.
A number of other firms have also recently commented on CBS. Analysts at Nomura (NYSE: NMR) reiterated a “neutral” rating on shares of CBS in a research note to investors on Wednesday. Separately, analysts at Benchmark Co. reiterated a “buy” rating on shares of CBS in a research note to investors on Wednesday. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of CBS in a research note to investors on Wednesday.
CBS Corporation (CBS Corp.) is a mass media company. CBS Corp. operates in segments, including Entertainment, Cable Networks, Publishing, Local Broadcasting and Outdoor.