Market Overview

UPDATE: Citigroup Downgrades Cablevision Systems

Share:
Related CVC
What Did CEO James Dolan Say That Spurred Cablevision 6% Higher?
Cablevision Posts Higher Q1 Revenue
Cablevision up 6%; CEO Dolan urges consolidating NYC market (Seeking Alpha)

Citigroup downgraded shares of Cablevision Systems (NYSE: CVC) from Neutral to Sell and maintained a $17 price target.

In the note, Citigroup analyst Jason Bazinet explained that Windstream has opened the door into the REIT space for other Telcom & Cable firms. However, Bazinet said it is unlikely that Cablevision will convert to a REIT because it would complicate a future sale.

Bazinet's downgrade of Cablevision comes amid the recent run-up in its share price and presumed low probability that the company will convert to a REIT.

Latest Ratings for CVC

DateFirmActionFromTo
Apr 2015Brean CapitalUpgradesSellHold
Mar 2015CitigroupMaintainsNeutral
Feb 2015JefferiesMaintainsBuy

View More Analyst Ratings for CVC
View the Latest Analyst Ratings

Posted-In: Citigroup Jason BazinetAnalyst Color Downgrades Price Target Analyst Ratings

 

Related Articles (CVC + WIN)

Around the Web, We're Loving...

Get Benzinga's Newsletters