An issue of Cablevision Systems Co. (NYSE:CVC) debt rose 1.1% as a percentage of its face value during trading on Friday. The high-yield issue of debt has a 10.125% coupon and will mature on January 15, 2023. The bonds in the issue are now trading at $110.88 and were trading at $109.50 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.
Shares of CVC stock opened at $34.87 on Friday. Cablevision Systems Co. has a 1 year low of $21.37 and a 1 year high of $34.91.
About Cablevision Systems (NYSE:CVC)
Cablevision Systems Corporation (Cablevision), through its subsidiary, CSC Holdings, LLC (CSC Holdings), operates cable operations business in the United States. The Company operates in three segments: Cable, Lightpath and Other. The Company’s Cable segment offers Cable television service, which delivers multiple channels of video programming to subscribers who pay a monthly fee for the services they receive.
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