Cablevision Systems Corp. (NYSE:CVC) had its price objective lowered by JPMorgan Chase & Co. to $15.00 in a report released on Monday, Stock Ratings Network.com reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Cablevision Systems Corp. (NYSE:CVC) traded down 2.02% on Monday, hitting $15.04. 2,697,840 shares of the company’s stock traded hands. Cablevision Systems Corp. has a 52 week low of $13.21 and a 52 week high of $20.16. The stock’s 50-day moving average is $16.14 and its 200-day moving average is $16.81. The company has a market cap of $4.022 billion and a price-to-earnings ratio of 7.69.
Cablevision Systems Corp. (NYSE:CVC) last announced its earnings results on Friday, November 8th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.11 by $0.99. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.57 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Cablevision Systems Corp. will post $0.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 13th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Wednesday, November 20th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Thomson Reuters/Verus downgraded shares of Cablevision Systems Corp. from a buy rating to a hold rating in a research note to investors on Monday, October 28th. Separately, analysts at Pivotal Research reiterated a hold rating on shares of Cablevision Systems Corp. in a research note to investors on Tuesday, September 17th. Finally, analysts at National Alliance Securities initiated coverage on shares of Cablevision Systems Corp. in a research note to investors on Friday, September 13th. They set a buy rating and a $22.90 price target on the stock. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $17.42.
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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