CBS Corporation (CBS) Receives Price Target

CBS Corporation (CBS) : 18 Wall Street analysts covering CBS Corporation (CBS) believe that the average level the stock could reach for the short term is $63.39. The maximum price target given is $70 and the minimum target for short term is around $51, hence the standard deviation is calculated at $5.03.

CBS Corporation (CBS) : 14 brokerage houses believe that CBS Corporation (CBS) is a Strong Buy at current levels. 3 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on CBS Corporation (CBS). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 21 Wall Street Analysts endorse the stock as a Buy with a rating of 1.62.


Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on CBS Corporation (NYSE:CBS). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank raises the price target from $65 per share to $68 per share. The rating by the firm was issued on July 29, 2016.

CBS Corporation (NYSE:CBS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $51.15 and $51.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $52.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $52.04, notching a gain of 1.98% for the day. The total traded volume was 4,210,837 . The stock had closed at $51.03 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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