Price Target Update on CBS Corporation (NYSE:CBS)

CBS Corporation (NYSE:CBS) : The consensus price target for CBS Corporation (NYSE:CBS) is $62.67 for the short term with a standard deviation of $4.87. The most optimist securities analyst among the 18 who monitor the stock believes that the stock can reach $70, however, the pessimist price target for the company is $51.

Other Equity analysts have also commented on the company shares. Benchmark maintains its rating on CBS Corporation (NYSE:CBS). The global brokerage major raises the current price target from $56 per share to $65 per share. Analysts at the Benchmark have a current rating of Buy on the shares. The rating by the firm was issued on May 3, 2016.

CBS Corporation (NYSE:CBS): stock turned positive on Thursday. Though the stock opened at $54.12, the bulls momentum made the stock top out at $54.2 level for the day. The stock recorded a low of $53.2 and closed the trading day at $53.69, in the green by 0.07%. The total traded volume for the day was 2,794,215. The stock had closed at $53.65 in the previous days trading.

The company shares have dropped -6.09% from its 1 Year high price. On May 5, 2016, the shares registered one year high at $57.89 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $54.17 and the 200 Day Moving Average price is recorded at $50.96. On the companys insider trading activities, Ambrosio Anthony G, officer (Sr.EVP Chief Admin & HR Ofcr) of Cbs Corp, unloaded 8,500 shares at an average price of $54.86 on June 1, 2016. The total amount of the transaction was worth $466,310, according to the disclosed information 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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