Market Overview

Brean Capital Doesn't See Reason for Confidence on Cablevision Systems Corporation

Related CVC
Brean Capital Sees M&A In Future For Cablevision Systems
How Cablevision Systems (CVC) Stock Stands Out in a Strong Industry - Tale of the Tape
J-Lo-Backed Network Outbids 'Diddy' for Fuse (Fox Business)

In a report published Monday, Brean Capital analyst Todd Mitchell reiterated a Hold rating on Cablevision Systems (NYSE: CVC).

In the report, Brean Capital noted, “We believe the proposed merger of Comcast (CMCSA $51.05, Buy) and Time Warner Cable (TWC $140.54, Hold) had thrown the rest of the industry into disarray and removed much of the strategic value of Cablevision. Prior to the merger, the acquisition of Cablevision could have helped TWC fend off a hostile bid from Charter, or perhaps it could have been a step-two in a Charter-controlled TWC consolidating the NYC regional market. But even assuming Charter will move forward and try to consolidate the rest of the industry, it would likely start with Cox, then move on to contiguous regional targets, with a long way to go before coming to Cablevision.”

Cablevision Systems closed on Friday at $16.10.

Posted-In: Brean Capital Todd MitchellAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (CVC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters