Short Term Price Target on CBS Corporation (CBS)

CBS Corporation (NYSE:CBS) : The highest level CBS Corporation (NYSE:CBS) is projected to reach is $70 for the short term and the lowest estimate is at $51. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $62.67 and the possibility the share price can swing is $4.87.

Shares of CBS Corporation appreciated by 1.4% during the last five trading days but lost 1.05% on a 4-week basis. CBS Corporation has dropped 1.05% during the last 3-month period . Year-to-Date the stock performance stands at 16.18%.

CBS Corporation (NYSE:CBS) has an average broker rating of 1.55, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 13 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

CBS Corporation (NYSE:CBS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.28 and $52.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.44, notching a gain of 3.18% for the day. The total traded volume was 4,332,050 . The stock had closed at $52.76 on the previous day.

In an insider trading activity,The officer (Sr.EVP Chief Admin & HR Ofcr) of Cbs Corp, Ambrosio Anthony G sold 8,500 shares at $54.86 on June 1, 2016. The Insider selling transaction had a total value worth of $466,310. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

CBS Corporation is a mass media company. The Company operates through segments, including Entertainment, Cable Networks, Publishing and Local Broadcasting. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, CBS Interactive and CBS Films. The Cable Networks segment is composed of Showtime Networks, which operates program services, such as Showtime, The Movie Channel, and Flix; CBS Sports Network, and Smithsonian Networks, which operates a program service, Smithsonian Channel. The Publishing segment is composed of Simon & Schuster, which publishes and distributes consumer books under imprints such as Simon & Schuster, Pocket Books, Scribner and Atria Books. The Local Broadcasting segment is composed of CBS Television Stations, the Companys 30 owned broadcast television stations, and CBS Radio, through which the Company owns and operates 117 radio stations in 26 United States markets.

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