Miller Tabak Upgrades Cablevision to Buy (CVC)

By admin | 6 years ago

Cablevision (NYSE: CVC) was upgraded by analysts at Miller Tabak from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Friday.

A number of other analysts have also recently weighed in on CVC. Analysts at Morgan Stanley (NYSE: MS) cut their price target on shares of Cablevision to $13.00 in a research note to investors on Monday, May 7th. Separately, analysts at Brean Murray Carret & Co. reiterated a “hold” rating on shares of Cablevision in a research note to investors on Friday, May 4th. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Cablevision in a research note to investors on Friday, May 4th.

Cablevision traded up 1.53% on Friday, hitting $11.26. Cablevision has a 1-year low of $11.57 and a 1-year high of $36.86. The company has a market cap of $3.053 billion and a price-to-earnings ratio of 12.67.

Cablevision last released its earnings data on Thursday, May 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The company’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that Cablevision will post $0.20 EPS next quarter.

Cablevision Systems Corporation (Cablevision), through wholly owned subsidiary CSC Holdings, LLC (CSC Holdings, and collectively with Cablevision) and their subsidiaries, owns and operates cable television systems and owns companies, which provides regional news, other programming and advertising sales services for the cable television industry, provide telephone service, operate motion picture theatres and operate a newspaper publishing business.

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