Canaccord Genuity Reaffirms Hold Rating on Cablevision (CVC)

By admin | 6 years ago

Cablevision (NYSE: CVC)‘s stock had its “hold” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Friday.

Shares of Cablevision traded down 0.54% during mid-day trading on Friday, hitting $13.00. Cablevision has a 52 week low of $11.57 and a 52 week high of $36.86. The company has a market cap of $3.566 billion and a P/E ratio of 14.94.

Cablevision last announced its earnings results on Thursday, May 3rd. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.01. Cablevision’s revenue was up .2% compared to the same quarter last year. On average, analysts predict that Cablevision will post $0.22 earnings per share next quarter.

A number of other analysts have also recently weighed in on CVC. Analysts at Miller Tabak downgraded shares of Cablevision from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $16.00 price target on the stock. Separately, 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. Finally, 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.

Cablevision Systems Corporation (Cablevision), through its subsidiary, CSC Holdings, LLC (CSC Holdings), is a cable operator in the United States.

About the author