Research analysts at Jefferies Group raised their price target on shares of Cablevision Systems Corp. (NYSE:CVC) from $16.00 to $20.00 in a report released on Wednesday, AnalystRatings.Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target points to a potential upside of 1.83% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Evercore Partners cut their price target on shares of Cablevision Systems Corp. from $8.00 to $7.00 in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Cablevision Systems Corp. from $15.00 to $17.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at TheStreet upgraded shares of Cablevision Systems Corp. to a “hold” rating in a research note to investors on Tuesday.
Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company’s stock. Cablevision Systems Corp. currently has an average rating of “Hold” and an average target price of $16.31.
Shares of Cablevision Systems Corp. (NYSE:CVC) traded up 3.37% during mid-day trading on Wednesday, hitting $19.64. 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 currently $17.97. The company has a market cap of $5.201 billion and a P/E ratio of 21.25.
Cablevision Systems Corp. (NYSE:CVC) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.06. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts predict that Cablevision Systems Corp. will post $0.20 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 5th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Tuesday, August 13th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.