Market Overview

Deutsche Bank Reiterates Hold Rating, $17 PT on Cablevision Systems Corporation

Related CVC
These Stocks Were Rocked In Mid-Day Trading
Benzinga Weekly Preview: Retail In Focus
J-Lo-Backed Network Outbids 'Diddy' for Fuse (Fox Business)

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

Deutsche Bank noted, “We continue to view 2012 as investment year with mgmt holding off on price increases, ramping capex spending and aggressively marketing triple-play promotions (i.e., discounting) to shore up subscriber trends, while also going through a programming renewal bubble (4Q12-3Q13). At 10x ‘13E fully-taxed FCF, valuation is now appropriate, but we prefer to wait for visibility as to mgmt's 2013 and beyond investment strategies and for street estimates to move to our level.”

Cablevision Systems Corporation closed on Thursday at $14.16.

Latest Ratings for CVC

DateFirmActionFromTo
Nov 2014CitigroupMaintainsNeutral
Nov 2014WunderlichMaintainsHold
Sep 2014Canaccord GenuityInitiates Coverage onHold

View More Analyst Ratings for CVC
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CVC)

Around the Web, We're Loving...

Get Benzinga's Newsletters