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

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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
Sep 2014Canaccord GenuityInitiates Coverage onHold
Aug 2014CitigroupMaintainsNeutral
Jul 2014CitigroupDowngradesNeutralSell

View More Analyst Ratings for CVC
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Reiteration Analyst Ratings

 

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