Analyst Rating Update on CBS Corporation (CBS)

CBS Corporation (CBS) : 21 analysts are covering CBS Corporation (CBS) and their average rating on the stock is 1.62, which is read as a Buy. 14 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. CBS Corporation (CBS) also receives 3 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

CBS Corporation (CBS) : The highest short term price target forecast on CBS Corporation (CBS) is $70 and the lowest target price is $51. A total of 19 equity analysts are currently covering the company. The average price of all the analysts is $63.05 with a standard deviation of $4.93.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Deutsche Bank maintains its ratings on CBS Corporation (NYSE:CBS). In the latest research report, Deutsche Bank raises the target price from $65 per share to $68 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on July 29, 2016.


CBS Corporation (NYSE:CBS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.91 and $51.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.09, notching a gain of 0.35% for the day. The total traded volume was 3,633,682 . The stock had closed at $51.91 on the previous day.

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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