CBS Corporation (CBS) : The most positive equity analysts on CBS Corporation (CBS) expects the shares to touch $70, whereas, the least positive believes that the stock will trade at $51 in the short term. The company is covered by 19 Wall Street Brokerage Firms. The average price target for shares are $62.79 with an expected fluctuation of $4.77 from the mean.
CBS Corporation (CBS) encountered a drop of 16.6% or -3,150,994 shares in the short positions. The number dropped from 19,015,283 on June 15,2016 to 15,864,289 on June 30,2016. The final interest is 3.9% of the floated stock. The days to cover figure of 4 can be arrived using the average daily exchange of 4,041,064 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity Analysts at the Benchmark maintains the rating on CBS Corporation (NYSE:CBS). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $56 per share to $65 per share. 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 $58.05, the bulls momentum made the stock top out at $58.22 level for the day. The stock recorded a low of $57.65 and closed the trading day at $57.94, in the green by 0.75%. The total traded volume for the day was 2,665,411. The stock had closed at $57.51 in the previous days trading.
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.