Market Overview

UPDATE: Deutsche Bank Reiterates Hold Rating, Raises PT on Cablevision Systems Corporation

Share:
Related CVC
UPDATE: Cablevision Q4 Profit Tops Views
Keep an Eye on These 10 Stocks for February 25, 2015
FCC vote: And now the congressional hearings (Seeking Alpha)

In a report published Wednesday, Deutsche Bank reiterated its Hold rating on Cablevision Systems Corporation (NYSE: CVC), and raised its price target from $15.00 to $17.00.

Deutsche Bank noted, “Maintain Hold Rating. We continue to view 2012 as investment year with mgmt holding off on price increases, pulling forward capex spending and discounting to shore up subscriber trends, and the timing of a return to core EBITDA and FCF growth remains uncertain (will 2013 be another investment year?), while execution uncertainty remains given mgmt turnover. At 12.6x ‘13E fully-taxed FCF, we do not see an appealing enough risk discount at this stage, especially given CVC's maturity (lack of growth).”

Cablevision Systems Corporation closed on Tuesday at $17.89.

Latest Ratings for CVC

DateFirmActionFromTo
Feb 2015JefferiesMaintainsBuy
Feb 2015Brean CapitalDowngradesHoldSell
Feb 2015UBSDowngradesNeutralSell

View More Analyst Ratings for CVC
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (CVC)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga PRO content