CBS Corporation (CBS) Receives ‘Analyst’ Rating

CBS Corporation (CBS) : 22 analysts are covering CBS Corporation (CBS) and their average rating on the stock is 1.59, which is read as a Buy. 15 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) : 19 Wall Street analysts covering CBS Corporation (CBS) believe that the average level the stock could reach for the short term is $63.47. The maximum price target given is $70 and the minimum target for short term is around $51, hence the standard deviation is calculated at $4.9.


Also, Drexel Hamilton initiates coverage on CBS Corporation (NYSE:CBS). Drexel Hamilton has a Buy rating on the shares. The rating by the firm was issued on September 6, 2016.

CBS Corporation (NYSE:CBS): After opening at $52.07, the stock dipped to an intraday low of $51.77 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $52.52 and the buying power remained strong till the end. The stock closed at $52.24 for the day, a gain of 0.19% for the day session. The total traded volume was 2,826,613. The stocks close on the previous trading day was $52.14.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.