Miller Tabak Downgrades Cablevision (CVC) to Neutral; Upside to Sub Growth, But Big Miss on OCF & FCF

May 3, 2012 3:18 PM EDT
Get Alerts CVC Hot Sheet
Price: $34.87 --0%

Rating Summary:
    7 Buy, 23 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 34 | New: 34
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Miller Tabak downgraded Cablevision (NYSE: CVC) from Buy to Neutral, price target lowered from $18 to $16.

Analyst, David C. Joyce, said, "1Q12 total revenue of $1.659 bn (+0.2%) missed our $1.680 bn estimate, with Cable Television revenue of $1.489 bn (+0.1%) missed our $1.51 bn estimate, Lightpath revenue of $79.5 mm (+2.9%) missed our $84 mm estimate, but Other revenue of $100.1 mm (-0.6%) beat our $91.5 mm estimate."

For an analyst ratings summary and ratings history on Cablevision click here. For more ratings news on Cablevision click here.

Shares of Cablevision closed at $14.70 yesterday.

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