Market Overview

UPDATE: Citigroup Downgrades Cablevision Systems

Share:
Related CVC
Time Warner Gets A Boost At Citigroup's TMT Conference
The Best Stock Ideas Of 2015
Pepsi And Coke Vie For Chobani Amid Mini Scandal (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
Dec 2015JP MorganUpgradesNeutralOverweight
Oct 2015Moffett NathansonUpgradesNeutral
Sep 2015Raymond JamesDowngradesOutperformUnderperform

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)

View Comments and Join the Discussion!

Get Benzinga's Newsletters