Cablevision Systems Corporation CVC has plunged 7 percent this week. JP Morgan on Monday downgraded the stock from Neutral to Underweight, setting an $18 price target.
Shares closed Tuesday at $19.31.
Analysts at Citigroup are not fans either, and last issued a Neutral rating, while Wunderlich has a Hold for the stock.
A Larger Peer
Liberty Global, Inc. LBTYA LBTYB LBTYK, much larger in terms of market cap, is another pay-TV provider; All of the ratings it received over the second half of 2014 were positive.
Most recently, Citigroup reiterated a Buy rating, accompanied by a $57 price target. In the second half of December, JP Morgan assumed coverage on the stock with an Overweight and a $55 price target.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
